Insights & News

The Israeli CEO of a binary options company has been arrested by federal investigators in the United States on suspicion of committing electronic fraud. Dr. Zvi Gabbay, partner and head of our firm's Capital Markets Department, is representing the company in this matter. In an interview with TheMarker on the subject, he noted this is a relatively early stage in the legal process and that an indictment has not yet been filed.

Adv. Ariella Dreyfuss, Partner at Barnea contributed an article to The Times of Israel on the "drag along provision" included in most investment documents. Ariella outlines five tips for minority shareholders looking to ensure the drag along mechanism works for them when negotiating investments.

Adv. Itay Gura will lecture today at StarTAU's acceleration program on founders' agreements and IP.

We participated in the EY Anti-Fraud Forum, where we discussed how workers can take an active role in self-regulation and compliance.

Adv. Marie Tsion, Head of the Employment Department, will lecture today at the Human Resources Forum of the North on legal issues related to job acceptance: evaluation centers, refusals, and the law for the prevention of discrimination.

Adv. Yuval Lazi will lecture today at the Heseg Innovators Program (HIP) on issues of intellectual property in the entrepreneurship world.

Adv. Micky Barnea, Managing Partner, will lecture today at the IBM Alpha Zone Accelerator on the challenges of late-stage startups.

We were interviewed by TheMarker on the subject of who owns the Facebook page of a popular TV program—the host or the network and asserted that all intellectual property created by a worker in the framework of the workplace belongs to the employer.

An op-ed in The Marker on the regulation of digital currencies asserts that there will be no choice but to build a unique regulatory model that matches the characteristics of these new financial instruments.

Dr. Zvi Gabbay, head of the Capital Markets Department at our firm, was interviewed by Walla! about a criminal investigation opened against former Bank Leumi officials in a US tax fraud scandal. Zvi believes American investigators will work closely with Israeli investigators on this case, via the international legal aid apparatus at the Justice Ministry.

The US Securities and Exchange Commission (SEC) recently filed a lawsuit in a US court against an Israeli citizen and an American citizen for the use of insider information to acquire shares and options at Mobileye. The lawsuit alleges that Mobileye's founders supplied information about the huge deal being forged between it and Intel. Our firm was interviewed by TheMarker about the lawsuit, and we noted the differences between the enforcement process in Israel and the US and the relationship between civil enforcement by the SEC and criminal enforcement by federal prosecution.

As part of our cooperation with HUstart, The Hebrew University Entrepreneurship Center, Adv. Ariella Dreyfuss will speak today to the participants of its TIP (Trans-disciplinary Innovation Program). Ariella’s lecture will focus on the legal aspects of raising initial financing.

Our Head of the Employment Department, will lecture today to entrepreneurs at advanced stages who are participating in StarTAU's entrepreneurial program. The lecture will focus on recruitment of employees and the various challenges involved in recruiting human resource professionals in start-up companies

Adv. Daniel Israeli was interviewed by TheMarker after the Monetary Authority of Singapore (MAS) announced it would begin regulating the issuance of virtual currencies (ICO). Daniel noted that Singapore has developed into a destination of sorts for ICOs, and thus the MAS' decision will certainly change the rules of the game.

The Securities and Exchange Commission (SEC) ruled that initial coin offerings are subject to the same requirements as those falling under federal securities laws. Read our interview in TheMarker.

Adv. Ariella Dreyfuss will lecture today to the participants of the international program of the Ben-Gurion University Innovation Program on the topics of founder agreements, IP and investment agreements.

The acquisition of control by US company ADM of Israeli company Industries Centers EOD—which imports and markets animal feed, processes seeds, and stores emergency inventory for the state—has been completed. The company was represented by Advs. Micky Barnea, Yuval Lazi, Ilan Blumenfeld, Sagi Gross, and Daniel Kleinman.

We were interviewed on a financial radio program regarding the fate of a lawsuit when the plaintiff passes away. We explained that the lawsuit continues via the heirs or the estate manager, who enter the shoes of the deceased. (starting at min' 9.40)

Adv. Ilan Blumenfeld, a partner at Barnea, will serve on the judges' panel at the upcoming HIP presentation. The program’s entrepreneurs will present Ilan and the other mentors their ventures and receive feedback on how to improve them.

This article addresses the ruling handed down by the Israeli Supreme Court  at the end of December 2016 in the Bezeq case, in which the Court extended to board of director decisions the protection afforded by the business judgment rule. The article examines whether this ruling succeeded in achieving one of its principal objectives—legal certainty.