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Insights & News / Fadi  Atallah

Barnea: Representation of Munich Re in $2.6 Billion Acquisition of Next Insurance

Advs. Ariella Dreyfuss and Dean Weinberg from our corporate department assisted Munich Re, together with our colleagues at Kirkland & Ellis, on its definitive agreement to acquire Next Insurance for 2.6 billion dollar acquisition. They were supported by Advs. Hanna Daher and Fadi Atallah from our tax department; Adv. Netta Bromberg, head of our employment department; and Dr. Avishay Klein, head of our privacy law, cyber, and AI department.

Categories: Corporate | Mergers and Acquisitions

Israel Tax Authority Updates Guidelines on Investments Through SAFEs

The Israel Tax Authority (ITA) recently published updated guidelines, regarding tax aspects applying to investments in companies through SAFEs. Such guidelines were published following the previous guidelines published by the ITA during May 2023, and which expired at the end of 2024.

Amendment to Income Tax Rules on Employee Equity

On September 17, an amendment to the Income Tax Rules (Relief in Issuance of Shares to Employees) was officially published, approximately 20 years from the last amendment. The amendment will enter into force on January 1, 2025 and will mainly affect the processes of approving equity incentive plans and of reporting to the Israeli Tax Authority.

Supreme Court: Service to Foreign Residents May Be Subject to Full VAT

The Supreme Court noted that, by its nature, the essence of a brokerage transaction is joining two parties into one transaction. Therefore, treating the transaction as providing a service to each party separately—a foreign resident and an Israeli resident—does not reflect the true economic essence of the service.

Tax Aspects of Cryptocurrency-Based Compensation to Employees and Service Providers

The use of token-based compensation has grown in recent years. It is important to understand the tax aspects of such compensation, especially when a company is gearing up for a major deal.

Shift 4 Acquires Israeli Clearing Technology Company Finaro

Shift4 Payments, an American public company, has acquired Finaro for a value of USD 575 million.

 

Advs. Simon Jaffa, Ariella Dreyfuss, Mayer Winkler, Harel Perlmutter, Hanna Daher, and Fadi Atallah advised on the transaction.

 

Categories: Corporate | FinTech | High Tech | Mergers and Acquisitions

Representing Shareholders in Startup's Acquisition by Vontier

We represented Inven Capital, Volvo Group Venture Capital, and Ombu Group in the sale of their shares in Driivz to Vontier, a global mobility company.

Simon Jaffa, Ariella Dreyfuss, Harel Perlmutter, and Fadi Atallah from our office advised on the transaction.

Categories: Corporate | High Tech | Mergers and Acquisitions | Tax