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March 14, 2016

Israeli VAT Taxation of Inbound e-Commerce and Digital Services

Yesterday the Israeli Ministry of Finance opened a consultation process in respect of draft legislation aimed at amending the Israeli VAT legislation, introducing VAT liability on out of state e-commerce and digital services providers that provide electronic and digital products and services into Israel. This, even if such providers do not have any place of business in Israel.

March 10, 2016

Antitrust Update

Recently the Israeli Antitrust Authority has stepped up its enforcement measures, and the local Courts began imposing stricter penalties on violations of the Antitrust Law.

March 10, 2016

Raising of the retirement age for women- Globes magazine

Our head of the employment department, was interviewed by Globes magazine (in Hebrew) regarding the raising of the retirement age for women "this move is important both for promoting gender equality and for the status of women in the labor market, but I believe that the Israeli labor market is not ready for it". 

March 10, 2016

Non Israéliens – 10 conseils essentiels pour acheter un bien immobilier en Israel

L’acquisition d’un bien immobilier est généralement l’une des décisions les plus cruciales, onéreuses et importantes de votre vie. Cela est d’autant plus vrai lorsqu’il s’agit de l’acquisition d’une propriété située à l’étranger. Nous avons dressé une liste contenant 10 conseils primordiaux afin de vous aider à y parvenir comme il se doit

March 7, 2016

A lecture by Micky Barnea at the BDO Academy

As an expert in the technology field, Micky Barnea was invited to lecture at a unique course for entrepreneurs organized by the BDO Academy, in association with the Technion’s Division of Continuing Education. Micky discussed founders agreements and investment agreements.

March 7, 2016

Casino in Israel - another role of the dice

In the last 20 years, the notion of examining whether to establish a casino in Israel comes back from time to time, to life. So far, this issue has not received much advancement by the government, for various reasons, such as religious parties' opposition, the fear of an increase in gambling addictions, ideological opposition to casinos and so on and so forth.

March 6, 2016

Pending tax changes to short term apartment rents

The Israeli Tax Authority (ITA) recently announced, during a discussion of the parliamentary committee, that it is about to publish a tax circular in the matter of renting apartments for a short periods of time, including through Internet platforms such as Airbnb. According to recently released data, In 2015 about 128,000 tourists visiting Israel rented apartments through Airbnb. This represents an increase of 45% compared to 2014, as well as an increase of 40% in the number of Israelis who offer their apartments for rent through Airbnb, which is now over 13,000.

March 6, 2016

Compensations for late delivery of new apartments

Developers can no longer rely on changes to an apartment, requested by the purchaser, as reason to avoid payment of compensation for late delivery. This was ruled recently by the Supreme Court in a case involving a dispute between purchasers of an apartment and a contracting company. The Sale (Apartments) Law states that a delay of over 60 days from the date specified in the sale contract for the delivery of the apartment to the purchaser, means that the purchaser will be entitled to compensation without proof of damage, and this from the first day of delay. In the abovementioned case, the sale contract which was signed by the purchasers and the contracting company stated that any request to change or supplement the apartment will postpone the delivery date of the apartment for at least 60 days. It should be noted that clauses of this nature are common and appear in almost every sale contract from a contractor. The Supreme Court ruled that the wording of the relevant clause is broad and vague, and gives the contractor unlimited options to determine the date of delivery, which creates uncertainty among the purchasers. Thus, the contractor prevents the purchasers from preparing themselves for a new and clear date on which the apartment will be delivered to them, and to plan their moves accordingly. The Court further ruled that from now on, the contractor cannot rely on sweeping clauses in apartment sale contracts, which include provisions exempting him from paying compensation for delays in delivery of apartments, in any case where changes to the apartment were ordered by the purchasers. However, the Court held that the parties can agree, for example, on a new and concrete postponed delivery date, in the case of making changes in the apartment at the request of the purchaser, in a later agreement signed by the parties. The Court also noted that a new and postponed delivery date that will be determined by agreement, as mentioned, may be examined by the Court, in terms of its reasonableness in relation to the scope of changes made to the apartment and their nature.

March 3, 2016

Globes IT magazine- Roundtable

We participated in a roundtable held by Globes IT magazine. The subject of the event was Internet law, Cyber Protection, Privacy Information and the effects of technology. (P. 28-29)

March 1, 2016

Corporate Governance - From the Procedural to the Substantive

An article by Adv. Zvi Gabbay that discusses the need to examine Corporate Governance in terms of its substantiveness and not just through a procedural form. The article reviews the development of Corporate Governance from the time it was adopted in Israel in the mid-2000’s to the present and delineates general principles for further future developments, while highlighting the integration of tests of substantiveness that would allow the implementation of Corporate Governance in an optimal manner.

February 28, 2016

How Share Options Help To Grow Your Start Up

Azrieli College Of Engineering Jerusalem and AtoBe Start Up Accelerator will host an event on "How Share Options Help To Grow Your Start Up", in a partnership with Barnea and Excellence, on March 16, 2016. Micky Barnea will lecture at the event on Options for start-ups’ partners employees.

February 28, 2016

Bizportal magazine interviewed Ariel Nadler for his comments on the change in the Sale Law

As an expert in Real Estate, Adv. Ariel Nadler was interviewed by Bizportal magazine regarding the change in the Sale Law, approved this morning by the Israeli Government. Ariel commented- "the only thing that can hurt homebuyers is the reduction of the Sale Law guarantees given to buyers of apartments, by the amount of the VAT element. This means that in the event of the realization of the guarantee, where the purchaser has paid VAT funds, the return thereof to the buyer will not be guaranteed.’’

February 25, 2016

Amendment to the Definition of “Classified Investor” in the Israel Securities Law

As part of the Israel Security Authority’s (ISA) measures to relax certain existing regulations, it has promulgated the Securities Order (Amendment to the First Addendum to the Law) regarding the definition of a “classified investor.” This amendment will come into effect on March 25, 2016.

February 24, 2016

Angel's Investor workshop

As part of our cooperation with MIT Enterprise Forum of Israel, our office will take part in an Angel's Investor workshop consisting of 6 meetings. Adv. Micky Barnea, Adv. Yuval Lazi and Adv Ariella Dreyfuss will lecture at the workshop.

February 23, 2016

What you need to know about buying your first home

Buying an apartment is usually the biggest purchase of one’s life, and for most of us it represents a significant financial outlay. Therefore, once we’ve found an apartment we like but before we’ve signed a contract, it’s very important to check out several angles.

February 21, 2016

The Guide to the Newbie Tenant

So you posted on Facebook that you’re looking for a place to live. You read the fine print of every ad on yad2.co.il. You asked everyone – from your grandmother to your elementary school bestie – for help, and you were probably one of 50 people who showed up to see the place. And now the place is yours for the asking! But before you commit, make sure to check these tips so that in the future you don’t regret signing the lease

February 21, 2016

Airbnb users may face a new tax reality

In the last few years the Airbnb platform has become a significant player in the tourist market, with a user base growing at 40% at the last year. Thousands of Israelis rent out their apartments through Airbnb and earned an amount equivalent to a monthly salary. The ITA has (until now) not been proactive in enforcing the taxability of such income.  Adv. Harel Perlmutter was interviewed for the Ynet website and spoke about the new tax rules that may change this trend.

February 21, 2016

Relocation Seminar for employers

Barnea is pleased to be hosting a seminar for employers on relocation on March 9, 2016. The seminar will take place at our offices. At the seminar we will discuss various aspects of the relocation process. Among the speakers will be Zvi Kan-Tor, partner at Kan-Tor Acco, as well as Michal Daliot and Hanni Ben-Shimol from Relocation. The seminar is being held in cooperation with Kan-Tor Acoo and Relocation office.

February 16, 2016

Start-up nation- Israel and its tech sector

The British magazine "the Lawyer" published an extensive article about Israel's high- tech industry. Several partners at leading law firms, including Simon Jaffa, were interviewed by the magazine and discussed the reasons which made Israel "the start-up nation" and about recent changes in the industry (P. 42-48).

February 16, 2016

Adv. Daniel Lorber represented Barnea as a judge on an investors panel

On February 15, Petah Tikva Entrepreneurial Community, in association with StarTAU, the Entrepreneurship Center at Tel Aviv University, hosted a panel of investment experts, which included Adv. Daniel Lorber. Participants presented their business venture ideas to the panel.