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June 10, 2024
Advisory Board Agreements in Israel
Drafting a clear advisory board agreement is crucial for establishing a beneficial relationship between a board and a company. This clarity also helps avoid obstacles and apprehensions before an investment or the sale of the startup.
June 10, 2024
Barnea: Representing QDM in Transaction with Israel Electric Corporation
Ken Shaked and Nir Alter represented the startup company QDM (Quantum Design Materials) in a transaction with the Israel Electric Corporation (IEC). As part of the transaction, the IEC invested USD 1.1 million in QDM, which develops room-temperature superconductors. In addition, QDM and the IEC signed a cooperation agreement allowing the IEC to conduct a pilot to examine the applicability and suitability of QDM’s innovative technology for its needs.
June 6, 2024
Barnea: Serving as Legal Partner of MaofTech, Northern Negev Accelerator
Our firm is proud to serve as the legal partner of MaofTech, an accelerator program for early-stage startups in the Northern Negev region, and to provide legal services to its various ventures. MaofTech is operated by the Ministry of Economy and Industry’s Agency for Small and Medium Businesses. Its aim is to encourage, promote, and develop businesses in Sderot and the communities of the Gaza Envelope.
June 4, 2024
Recovery Signs in Israeli Legal Sector – Micky Barnea Interview with Globes
In an interview with Globes, Micky Barnea, our firm’s managing partner, discussed the complexities that characterized 2023 and the recent growth in the firm’s practice areas.
June 2, 2024
Class Action: Depreciation from Apartment Purchase Value
An Israeli court ruled that the Israel Tax Authority overcharged apartment sellers who rented out their apartments under the tax-exempt track up until their sale, by a total of more than ILS 100 million. This ruling has major consequences, since the State treasury will be forced to refund the tax overcharges to the apartment sellers who are part of the relevant class. The Israel Tax Authority is expected to appeal the ruling.
May 29, 2024
Step-by-Step of Voluntary Liquidation in Israel
In Israel, voluntary liquidation is an orderly procedure that begins with the preparation and submission of a solvency statement by a company's directors. This is followed by the shareholders' approval of the liquidation, delivery of notices to the company's creditors and the Registrar of Companies, and finally the company's liquidation. It is crucial to conduct the procedure in an orderly manner to avoid exposures, fines, and debts.
May 28, 2024
What Are the Tax Aspects of Prenuptial Agreements in Israel?
Signing a prenuptial agreement has a critical impact not only on the division of property upon divorce, but also on the taxes a couple pays during marriage. It is important for couples to understand the economic advantages inherent in signing a prenuptial agreement and draw one up accordingly.
May 28, 2024
International Law: Amichai Cohen Interviewed on “One a Day” Podcast
Prof. Amichai Cohen, a special counsel at our firm and an expert on international law, was interviewed for an episode of the “One a Day” podcast hosted by Channel 12 News correspondent Elad Simchayoff. The episode dealt with the following question: “What does recognition of a Palestinian state mean?”
May 23, 2024
Recovery in the M&A Sector: Interview with Micky Barnea in TheMarker
Israel’s MA market is beginning to show signs of recovery. Micky Barnea, our firm’s managing partner, was interviewed by TheMarker on the subject. Micky noted that "so far, more deals are being made in private companies, but if there isn't a significant security escalation, this trend will extend to public companies as well."
May 19, 2024
Court Ruling Could Change the Status of Lump-Sum Contracts
Contracts in the construction sector utilize various models for calculating the consideration. These models range from contracts aimed at maximizing accuracy to contracts aimed at maximizing certainty. A new Israeli court ruling creates ambiguity between the models and adversely impacts the status of lump-sum contracts.
May 13, 2024
Tax: Classification of Intercompany Transactions
A tax assessment dispute in Israel has led to a new court ruling dealing with relationships between subsidiaries in a multinational group and classification of the nature of the business activities that the companies provide to each other.
May 13, 2024
The Netherlands: New Data Scraping Guidelines
The Dutch Data Protection Authority strictly interprets GDPR regarding data scraping, stating that data scraping will almost always be illegal.
May 12, 2024
Employment: When Is It Permissible to Fire an Employee Due to Posts on Social Media?
The Regional Labor Court dismissed the claim of an employee who was terminated shortly after Hamas’s October 7 attack, after posting verses from the Quran interpreted as incitement to terrorism. As an expert in labor law, Globes interviewed Netta Bromberg on the ruling. She noted, “This is a ruling of considerable complexity, as it deals not only with legal matters but also with issues of interpretation and cultural context—a multifaceted and weighty subject.”
May 9, 2024
Representing T-Rex Group and Finsight
Itay Gura, Mayer Winkler, and Inbar Katzir represented both T-Rex Group and Finsight in the sale of all the assets of T-Rex, a pioneering startup specializing in private credit, to Finsight, an American fintech company.
May 9, 2024
Supreme Court: Metpro DMY Tender Win for M1 Metro Line Stands
Zohar Lande and Shai Avnieli represented Metpro DMY in an administrative appeal submitted to the Supreme Court, in which another bidder attempted to disqualify Metpro’s win in the tender for the management and planning of the M1 metro line. The Supreme Court accepted the district court’s position, recommending that the appellant withdraw its appeal and reach an agreement with Metpro regarding legal expenses.
May 8, 2024
Barnea: Participating in Bar-Ilan University Environmental Law Hackathon
Anat Even-Chen introduced the environmental law hackathon and assisted Bar-Ilan University students in formulating their project proposals, which were presented for judging today before Dr. Zvi Gabbay.
May 8, 2024
Significant Sanctions: Anti-Money Laundering Obligations in Israel
The Israel Securities Authority is tightening enforcement on companies, especially in the cryptographic assets sector, and is scrutinizing companies’ anti-money laundering procedures and policies and their implementation.
May 8, 2024
Transaction: Shinez Acquisition by Team Internet Group plc
Simon Jaffa, Itay Gura, Inbar Katzir, and Avihay Asulin represented Shinez, a prominent digital marketing company, in its acquisition by Team Internet Group plc., a leading international online marketing and media corporation, for USD 41.8 million.
May 7, 2024
Webinar: Competition Authorities’ Recent Actions May Also Affect You. How Should You Prepare?
Our firm and the Israeli Association of Corporate Counsel (ACC Israel) co-hosted a webinar on competition law. The webinar featured the Israel Competition Authority’s Deputy Legal Counsel, who reviewed the latest developments in competition law enforcement, including from the ICA’s perspective.
May 6, 2024
Using a Name without Permission: Privacy Infringement
An Israeli court ordered the McDonald’s fast food chain to pay ILS 40,000 to Maayan Parti, a consumer reporter for Israel’s Channel 12 News, after McDonald’s used the reporter’s name without her consent in an advertising campaign for the chain’s ice cream.