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International Inheritance Tax Planning: Harel Perlmutter Interview on “Disputes Program”

Harel Perlmutter, head of our firm’s Tax Department, was interviewed by Yigal Borochovsky and Rachel Shahar for 102FM’s “Disputes Program.” He explained the procedures and necessary reporting when receiving an inheritance from outside of Israel.

Categories: Tax

New Method Threatening the Rule of Managers in the Stock Market

As an expert on control struggles, Micky Barnea was interviewed by Globes for an article on the Amir brothers' takeover of Shufersal. Micky explained the significance of holding less than 25 percent of a company and the tools available to the Israel Securities Authority in such transactions.

Categories: Shareholder Activism

Changes in the Data Security and Cyber Market – Dr. Avishay Klein Interview with Globes

Dr. Avishay Klein, the head of our firm’s Privacy, Data Protection and Cyber Department, was interviewed by Globes and spoke about companies’ difficulties in managing cyber risks under the current circumstances.

Categories: Cyber

Terry Almozlino Arnon Attends Dun’s 100 Real Estate Forum

Terry Almozlino Arnon attended the Dun’s 100 forum for senior legal professionals in the real estate field. She noted, "Real estate is a main artery in the economy and there is no area it does not touch. A real estate slowdown simulates a clogging of the arteries, and just as the body cannot survive long in such a state, neither can the economy." To continue reading, click here.

Categories: Real Estate

Barnea: Defending Panda Trading Applications against Leave for Appeal Submitted to Supreme Court

Our firm represented Panda Trading Applications Ltd. against an application for leave to appeal a Haifa District Court ruling to the Supreme Court. The Haifa District Court handed down the interim ruling during a proceeding for separation between the company’s shareholders.

The case involved a private company held equally by two shareholders, Maor and Shmulik, who also held office as the company’s sole directors. A severe crisis of trust arose between the two, which led to the opening of a legal proceeding for separation between the parties. The district court issued various instructions during the proceeding with the goal of extricating the company from the managerial impasse in which it found itself, including the appointment of an additional director to the company’s board of directors to break the deadlock. Subsequently, the company’s board of directors held a meeting to discuss the question of the salary of the company’s CEO, Shmulik. 

The district court’s ruling stated that no flaw occurred in the mode of conduct of the board meetings during which the salary was determined, and that Maor’s vote (against approving the salary) was tainted by a “negative personal matter.” The district court also ruled that, under the circumstances and considering the company’s unique structure, it is not warranted to make Shmulik’s salary terms subject to approval by the general meeting, notwithstanding the provisions of the Companies Law in this regard.

Following the district court’s ruling, Maor filed an application for leave to appeal to the Supreme Court.

On March 10, 2024, after receiving the parties’ responses, the Supreme Court issued its ruling rejecting the application for leave to appeal.

This is a material and important ruling that ratifies a unique mechanism tailored to the company’s size, while exercising the broad powers vested by the district court during its management of the separation proceedings between shareholders in a private company. This is another measure that delineates Section 191 of the Companies Law and the derivative powers of the courts by virtue thereof.

Zohar Lande, Eran Winner, Lina Makhuli, and Chen Segal represented Panda Trading Applications Ltd. in the proceeding.

Categories: Litigation

Barnea: Representing Gencell in NIS 16 Million Lawsuit

Gal Livshits, Yatir Madar, and Liron Dahan from our firm’s Litigation Department are representing Gencell in a NIS 16 million lawsuit against the car importer EV Motors as well as Holon Motors. The suit alleges the defendants owe Gencell NIS 4.5 million for systems and equipment they purchased but did not pay for.

Categories: Litigation

Barnea: Appointment of Four New Partners

We are pleased to announce the appointment of four new partners – Inbar Gorelick from the Corporate Department, Zohar Haim Levinger from the Litigation Department, Hani Shraier from the Kibbutz Sector Department, and Eran Elharar from the Capital Markets Department.

New Workplace Guidelines on Privacy Protection: Dr. Avishay Klein’s Guide for Employers Published on Mako

Israel’s Privacy Protection Authority has published new guidelines on the collection of biometric information in the workplace. In response, Dr. Avishay Klein, the head of our firm’s Privacy, Data Protection and Cyber Department, has compiled a practical guide for employers on the subject The guide was published on Mako.

Categories: Employment | Privacy Law

Fintech: Dr. Zvi Gabbay lectured at Reichman University

Dr. Zvi Gabbay, the head of our firm’s Capital Markets Department, lectured at Reichman University. In this lecture, he offered insights into the convergence of regulatory frameworks and fintech verticals, shedding light on how to navigate and comply with evolving regulatory conditions.

Categories: Capital Markets | FinTech

Barnea: Advising Tel Aviv University’s Student Exchange Program

Eyal Nachshon and Irit Brodsky, together with our firm’s administrative staff, is helping to guide Tel Aviv University’s student exchange program. As part of the program, the team met with Prof. Yishai Blank, the Dean of Tel Aviv University’s Faculty of Law.

Environmental Aspects of M&A Transactions: Lecture by Sagi Gross

Sagi Gross, a partner in our firm, lectured at Bar-Ilan University as part of a course on environmental law. He discussed the environmental aspects of M&A transactions

Categories: Environmental Law

Municipal Elections – Netta Bromberg Interview with TheMarker

Netta Bromberg, the head of our firm’s Employment Department, was interviewed by TheMarker about the rights of employees on Israel’s municipal election day. Netta discussed why the day is considered a statutory holiday and what wages employees are entitled to if they do work.

Categories: Employment

Micky Barnea Participated in Dun’s 100 Forum for Senior Legal Professionals

Micky Barnea, our firm’s managing partner, participated in a forum for senior legal professionals hosted by Dun’s 100. Micky noted, “The legal reform was a distraction we got swept away by. The main point of the government’s reform was to say ‘we’re doing what we want’ and to undermine legal gatekeepers along the way.”

International Law: Amichai Cohen Interviewed on "One a Day" Podcast

As an expert in international law, Professor Amichai Cohen, together with news correspondent Yaron Avraham, guest starred on Elad Simchayoff's "One a Day" podcast to discuss the sanctions imposed on Israeli settlers.

Categories: International Law

Barnea: Hosting Femtech Event

Ariella Dreyfuss and Inbar Gorelick participated in a femtech event hosted by our firm. As part of the event, Ariella lectured on founders’ agreements and Inbar on intellectual property.

Categories: Corporate

Guide to Working Parents’ Rights – Jacki Silbermann Interviewed by Israel Hayom

As an employment law expert, Jacki Silbermann was interviewed by Israel Hayom about the rights of working parents. With regard to shortened work days, Jacki noted, “There are special arrangements that entitle parents to shorter work days for a certain period of time.  In the absence of a workplace arrangement regarding shorter work days, and if an employee requests such to take care of his children, he must reach an agreement with his employer."

Categories: Employment

Critique of Proposed Amendment to Real Estate Taxation Law – Terry Almozlino Arnon Interview with ICE

"The goals of the amendment are important, but this is not the way to achieve them." Terry spoke with ICE about the Ministry of Finance's plan to impose additional burdens on the market for investment apartment buyers with the hope to increase housing supply and reduce prices. "To invigorate the real estate market, specific incentives, such as mortgage benefits, should be implemented," Terry proposed instead.

Categories: Real Estate

Barnea: Webinar on AI Vendor Vetting

Our firm hosted a webinar in collaboration with the Association of Corporate Counsel in Israel. Dr. Avishay Klein, head of our firm’s Privacy, Data Protection and Cyber Department, addressed a number of points, including the possible risks in contracting with artificial intelligence providers.

Categories: AI Regulation | Regulation

Professor Amichai Cohen Publishes Series of Articles on Law.com

Professor Amichai Cohen, a special counsel on international law at our firm, has published a series of articles on Law.com about the Israel-Hamas war.

Categories: International Law

The Israeli food producer Osem is continuing to transfer intellectual property rights to Nestle

Yuval Lazi and Harel Perlmutter were interviewed by Globes about the transfer of Osem’s intellectual property rights to Nestlé. They explained how this transfer is likely to affect the State of Israel.

Categories: Corporate | IP and Licensing | Tax