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December 23, 2015
Exemption from responsibility, indemnification and insurance of officers associations - is it possible and how?
Arrangements for exemption from responsibility, indemnification and insurance of officers associations (in the benefit of the public) have been gaining momentum recently, both by officers in these organizations seeking shelter under these arrangements, similar to officers in commercial companies, as well as from insurance companies that see the third sector as a potential market.
December 22, 2015
Hungary- the standard VAT rate of 27% will be reduced in 2016 to 5% for the sale of newly constructed residences
Since the number of newly constructed apartments and houses dropped drastically in Hungary in recent years, the aim of the VAT amendment is to increase the number of residential properties available on the Hungarian market. Adv. Gal Oren, who has extensive experience in the Hungarian market, was interviewed by Calcalist.
December 14, 2015
Israeli private and public companies may submit documents to the Companies’ registrar in English
In an article published in The Lawyer and Lexology, Adv. Ariella Dreyfuss and Adv. Asaf Shalev explain that a new draft bill, published at the beginning of the month, proposes that Israeli private and public companies should be able to submit documents to the Israeli Companies Registrar in English. The aim of the bill is to ease the process for foreign parties interested in investing in Israeli business and participating in Israel’s high tech story.
December 14, 2015
Founders’ agreement – in a nutshell
A founders’ agreement is the first encounter between entrepreneurs who are embarking on a joint venture to establish a successful start-up company. A founders’ agreement reflects the relationship between the entrepreneurs inter se and between each of them and the joint venture. The importance of this agreement should not be underestimated. This comprehensive agreement, which is tailored to the nature, needs and aspirations of each of the entrepreneurs, and particularly those of the new venture, provides a strong foundation for a healthy and successful company.
December 13, 2015
The Israeli Registrar of Companies now in English - Increasing Certainty
The State of Israel has two official languages – Hebrew and Arabic. As a result, in recent years the Israeli Companies Registrar has held that all documents submitted to the Registrar have to be submitted in either of these official languages. If a document was submitted in English it would be rejected. Such documents include the constitutional documents – the articles of association of Israeli companies and debentures creating pledges over the assets of such companies.
December 9, 2015
Technology, Media & Telecommunications 2015 round table
Micky Barnea was one of nine experts from around the world who participated in the "Corporate Livewire" virtual round table. The subject of the event was Technology, Media Telecommunications 2015.
Micky discussed recent regulatory changes, key trends and Intellectual Property in the Media Industry.
December 8, 2015
InterGame 2016 directory
Our firm was chosen as one of the three best Israeli law offices providing services in the gaming and gambling industry by the InterGame 2016 directory. The InterGame is the ultimate portal for the coin-op amusement, casino and online gaming industries.
December 7, 2015
Gambling via Mobile Device – Constraints and Opportunities
The online gambling industry generates billions of dollars annually and is one of the burgeoning industries on the internet today. The growth of this industry spurred online gambling operators to search for additional operating channels, besides PCs and laptops, such as applications customized for mobile phones and handheld devices that may be used on membership-based websites (such as online casinos).
November 29, 2015
Employee or independent? Ways to save money at the fast approaching end of the tax year, 2015.
What can the taxpayer do to take advantage of available tax breaks and allowances?
Tax experts, including adv. Harel Perlmutter, discuss these issues on Ynet.
November 27, 2015
Overview of the changes in the Internet gambling industry
Increasing competition in the online gambling industry is motivating leading players in the industry to try to find new sources of income.
November 26, 2015
Israel signs OECD Automatic Tax Information Exchange Agreement
Israel signed the Organization for Economic Cooperation and Development’s Multilateral Competent Authority Agreement (MCAA) to facilitate the automatic exchange of financial information, boosting the number of signatories to 91 and enhancing the global efforts against tax evasion, the OECD announced.
Harel Perlmutter was interviewed by Bloomberg BNA about this agreement.
November 25, 2015
Israeli Court eases TASE listing rules for foreign listed companies
The Economics Department of the Tel-Aviv – Jaffa District Court is continuing to issue precedent rulings, and this time, in relation to the interpretation of section 46.B. of the Securities Law, 5728 – 1968.
Discussions had been underway for some time between Mylan N.V., a foreign public company traded on the NASDAQ, and Perrigo Company Plc., a foreign company traded on the New York Stock Exchange and on the Tel-Aviv Stock Exchange, relating to Mylan’s potential acquisition of Perrigo’s shares. After these discussions failed to mature into a transaction, Mylan announced in the United States its firm intention of publishing a tender offer for Perrigo’s shares, despite the fact that Perrigo’s board of directors had rejected the offer (i.e., a hostile takeover).
November 22, 2015
Israeli home prices rose in Q3
Israel's Government Assessor published today the fact that home prices rose 1.4% in the third quarter of 2015.
Adv Ariel Nadler, head of our Real Estate Department, was interviewed by Bizportal, saying that he believes that only an all encompassing solution to the problem of high property prices in Israel can stop this upward trend.
November 22, 2015
The average price of a home continued to rise in the third quarter
Ariel Nadler was interviewed by Globes regarding the Government Assessors Office report of a 1% rise in home prices in Israel's 16 largest cities from the second quarter and a 3% rise from a year ago.
November 17, 2015
Israeli Online Gaming Sector - Q&A
Q: You work extensively with companies operating in the online gaming sector – what are the legal and regulatory challenges faced by firms operating in this sphere?
A: The main legal and regulatory challenges which face online gambling operators is the worldwide shift from what is known as the .com situation to the .country environment. This relates mainly to the changes facing online gambling operators that are required, due to legislative changes, to obtain online gambling licenses in numerous jurisdictions across the world in order to continue their operation in those jurisdictions.
November 12, 2015
Draft Bill – New Transparency Obligations on Israeli NGOs with Foreign Funding
A new Israeli government draft bill was published last week for public comments – “Disclosure Obligations of Recipients of Support from Foreign Political Entities Law (Increased Transparency by Recipients of Support, when the Majority of their Funding is from Donations from Foreign Political Entities).”
The objective of this draft bill is to impose increased transparency on NGOs (associations/NPOs and public-benefit companies) regarding their activities, when the majority of their funding is from donations from ‘Foreign Political Entities’, beyond the transparency that is imposed on all recipients of such donations.
November 9, 2015
Barnea & co. represents Mr. Haim Levy
The trend for Israelis to operate investment companies abroad can lead to business disputes; Adv. Zohar Lande and Adv. Gal Livshits from Barnea represent Mr. Haim Levy, known for his book "Real estate in Jeans", in a million dollar lawsuit against two of his business partners who founded a real estate company in the United States.
November 8, 2015
“Green Licensing” Reform in Israel
Recently, the Israeli Ministry of Environmental Protection published a preliminary draft bill relating to the proposed Integrated Environmental Licensing Law, 5775-2015.
This preliminary draft bill, which is based on the European Union’s Industrial Emissions Directive 2010/75/EU, was disseminated as a result of the Israeli government’s decision in April 2015 to work towards improving environmental regulations and encouraging “green” growth by promoting an integrated environmental licensing law. This came in the wake of the Israeli government’s commitment as part of its OECD accession process, after a number of years of collaborative efforts between the Ministry of Environmental Protection and other government ministries and after consulting with numerous authorities in the business, public and third sectors.
November 8, 2015
The Rise of Employees’ Unionization and Consultation Obligation during Transactions
The Collective Agreements Law provides that the union must represent the majority of unionized employees to whom the collective bargaining agreement applies, and no less than one-third of the total employees to whom the agreement applies. The union must notify the employer of its claim to be recognised as a representing body and the employer may examine the signatures of employees joining the union.
November 8, 2015
Reform of Regulations Relating to Vetinary Supervision is important news for consumers in Israel
Recently the Economic Plan Bill, 2015 was enacted in Israel, which, inter alia, deals with regulations pertaining to veterinary supervision over meat products being marketed in Israel and introduces certain reforms in this regard. These reforms are important news for consumers in Israel, both in terms of protecting public health and considering the reform’s significant potential for reducing the cost of living.