Insights & News

We conducted a negotiation workshop today for members of the Modi'in City Council, as part of the Open University's directors' course.

Following the ruling that Bar Refaeli must pay NIS 16 million in income tax, Adv. Harel Perlmutter, the head of our tax team, was interviewed by a popular radio program on 103FM.

The Central District Court in Lod rejected yesterday the supermodel's appeal, which was filed following an Israel Tax Authority order that she pay taxes in Israel on millions of dollars in income earned abroad.
Refaeli claimed that during the relevant years she spent only six months in Israel, and as a foreign resident, she did not owe any money to the tax authorities.

Harel Perlmutter explained the definition of a country of residence, as the trial revolved around the question of whether Refaeli was domiciled in Israel in 2009 and 2010. He also clarified the difference between the civil case and pending criminal charges.

Our firm represented the Israeli startup ArcusTeam, which developed an automated platform to identify both known and unknown security weaknesses in IoT devices, in a pre-seed round of $1.5 million.

Among the startup's investors are TheDock Accelerator and TAU Ventures.

We lectured today to Modi'in City Council members on capital markets enforcement and the role of boards of directors in formulating an internal enforcement plan. The lecture was part of the Open University's directors' course.

Our firm hosted today a delegation of investors and companies visiting Israel through the Florida Israel Business Accelerator (FIBA) for a networking event with industry leaders. Our firm works regularly with FIBA and advises the companies that take part in its program.

Adv.  Alon Wolner from our Real Estate department was interviewed by Ynet and explained how to act legally when building defects are discovered in the apartment you purchased, and to which court it is customary to file claims.

Our firm hosted the Israel's Directors Union for a seminar on the prevention of bribery and corruption. We lectured on the duties of boards of directors in Israel, with Adv. Hadar Israeli also presenting the American perspective.

Adv. Yuval Lazi lectured today to students participating in the IDC Legal Clinic for Start-Ups on the subject of raising funds. We serve as mentors to the clinic's law students, who assist entrepreneurs from target communities. 

We are holding a seminar on insider information following several recent Israel Securities Authority investigations of senior officials in public companies. The seminar will feature discussions on the use of insider information, how to carry out internal enforcement, and the legal implications of an open investigation of an officer and his company. The event is geared to CEOs, VPs, and CFOs of public companies.

Our firm is representing Knight Therapeutics, a Canadian public company that holds 28% of Israeli pharmaceutical company Medison's shares, in a lawsuit alleging the deprivation of its rights as a minority shareholder in Medison. The company is represented by Advs. Zohar Lande, Eyal Nachshon, and Omer Keydar of our Litigation Department.

Our firm represented Danel Ltd. in a deal to acquire 51% of Levinger Group. This marks a strategic move by Danel to expand into the private health field.

Our office hosted today a delegation of transport companies from the French government agency Business France. The delegation arrived in Israel for a series of meetings to gain familiarity with the local market.

Micky Barnea answers TheMarker's questionnaire on the nature of internships at our firm. He stressed that the firm is internationally-oriented and therefore involves work in English covering all aspects of commercial law. He also noted the firm's attentiveness to interns, such as working hours that don't run too late.  

Adv. Anat Even-Chen, our regulatory consulting partner, was interviewed by TheMarker on the growing reliance on phone numbers as a means of identity verification, a phenomenon that raises the risks associated with information security and privacy.

"In order to give access to certain sensitivity actions, a person is required to verify that he is the one who should have access, by three factors," explains Anat, "something you know (password for example), something you have (like a telephone), and something that is part of you (biometric finger identity, for example). Israeli financial entities will not invest in this sector without pressure from the regulator—pressure that currently does not exist. "

Our firm is holding a seminar on March 18 about the ways in which recent amendments to the Restrictive Trade Practices Law meet the daily needs of a corporation and its officers. A representative from the Israel Competition Authority will also take part.

As part of our partnership with the Hebrew University Center for Innovation & Entrepreneurship, Micky Barnea lectured today to the participants of Israel Lean Launchpad, an innovative acceleration program founded by Hebrew University, Merage Institute, Startup Nation Central, and the Jerusalem Development Authority.

We lectured today at the College of Law and Business on exposure to administrative and criminal liability.

On January 29, the Government Companies Authority issued a circular stating that the internal auditor of government companies rated 7 and above must be a salaried employee and not outsourced, except in special cases. Companies for which this rating does not apply, however, will be able to continue to receive internal auditing services through outsourcing.

Our firm was asked to represent the Institute of Certified Public Accountants in Israel in its demand to cancel the Government Companies Authority directive.

Our firm represented Exclusive Networks in its acquisition of 70% of the shares of Israeli company Securewave Ltd, one of Israel’s leading independent cybersecurity VADs.

Adv. Ariel Nadler was interviewed by Guy Liberman, the editor of the Globes newspaper's real-estate section, about the Director-General of the Planning Administration's initiative to cancel building easements.