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Appeal Rejected – Coca-Cola Expected to Pay ILS Hundreds of Millions to the State
Adv. Hanna Daher, a partner in our firm’s Tax Department, describes in an op-ed for N12 the precedent set by the court's ruling in the Coca-Cola case. Hanna notes this decision could prompt Israeli companies to reassess their agreements and contractual arrangements with foreign entities.
Interview with Eyal Nachshon: When Should You File a Class Action Against an Airline?
Eyal Nachshon, an expert in class actions, was interviewed by Globes following the recent rise in motions to certify class action, mainly due to the escalation in Israel's security situation. Among other things, Eyal noted, "Nowadays, people tend to rush to file lawsuits in order to be first in line, but it’s important to stop and consider whether this is the right legal tool for their specific case."
Webinar: Payment Services Law – More Relevant than You Thought
Our firm hosted a webinar in collaboration with GCS for legal advisors, focusing on the Payment Services Law. The webinar was designed for legal advisors in companies within the financial and service sectors. Presenting at the event were the firm's Dr. Zvi Gabbay and Adv. Anat Even-Chen, along with CPA Julie Raboy, who delivered a lecture on the technological adjustments required in light of the law.
Dr. Avishay Klein in TheMarker on Importance of Implementing an AI Policy in Public Companies
As an expert in the field of artificial intelligence, Dr. Avishay Klein referred to the need for public companies to formulate an AI policy. As per his advice, companies with a clear policy, transparent reporting, human supervision, and proper management can retrieve the most out of these technologies, increase the trust of investors and customers, and reduce risk.
Minimal Purchase Tax: Upcoming Taxation Decision to Affect Real Estate Investors - Globes Interview with Terry Almozlino Arnon
The minimum purchase tax for real estate investors is expected to decrease automatically by the end of the year unless the government decides otherwise. Adv. Terry Almozlino Arnon was interviewed by Globes and noted that "this is not a market that can wait for January. In the last two years, we have experienced as effects in the real estate market the increase in interest rates, the legal reform, the Swords of Iron War, and the general uncertainty that has prevailed here."
Barnea: Representing Daily.dev – Top 21 Startups in Israel
We are proud to represent daily.dev, recently selected as one of the 21 most promising startups of 2024 by N12 in collaboration with the IVC.
Barnea: Representing Qualtero in USD 30 Million Acquisition Transaction
Advs. Yuval Lazi and Nofar Rose David represented Qualtero, a company specializing in IT and consulting services, in its acquisition by Comply365 for over USD 30 million.
Naveh - Mandelblit Case: Searching Computer Materials and the Treatment of Suspects' Rights
In an op-ed for Calcalist, Shir Rozenzweig addresses the rights of suspects and the lack of oversight of investigative authorities concerning searches made on computer devices.
Barnea: Representing Aviv Group in an Administrative Petition
Advs. Zohar Lande, Adi Shoham, Shay Bello, and Anna Elenport are representing Aviv Group in an administrative petition against the Herzliya Municipality. The petition was filed after the municipality undertook to approve a development plan for land within a year, a condition precedent to the transfer of the land to Aviv. The municipality, however, has yet to review the plan. Aviv Group is currently bearing the financial cost, even as construction is not expected to start any time soon.
Real Estate Taxation: Tax Aspects in Realizing Real Estate Rights
Adv. Maya Carmi Lubartovski, head of our firm’s real estate taxation practice, participated in another episode of the ACC podcast series. The new episode covers the tax aspects of cash transactions, combination transactions, construction services transactions, the tax advantages and disadvantages of different transaction structures, and more.
Real Estate Taxation: Key Things to Know When Conducting a Real Estate Transaction in Israel
As an expert in the field of real estate taxation, our firm's Adv. Maya Carmi was a guest on the ACC podcast series, providing clarity on all aspects of real estate taxation. The first two podcasts, uploaded yesterday, focus on capital gains tax and purchase tax.
Singapore-Based Prytek Acquires TipRanks at USD 200 Million Valuation
Advs. Ariella Dreyfuss and Rahaf Awawdi represented TipRanks in a transaction whereby Prytek acquired an additional 40% stake in TipTanks, becoming its controlling shareholder. In 2021, TipRanks raised USD 77 million, partially through a secondary offering led by Prytek. This transaction was also handled by the firm, with Adv. Hanna Daher assisting in all tax aspects.
Representing Bank Hapoalim in Class Action Suit
Eyal Nachshon, Zohar Haim Levinger and Anna Elenport represented Bank Hapoalim in a class action lawsuit filed by the Association of Representatives of Society and the Environment. In the application for the class action, it is claimed that the bank charges excessive exchange fees when converting monies in foreign currency. The court rejected the application out of hand and stated that the submission of the application constitutes conduct in bad faith and misuse of a legal process.
Dr. Zvi Gabbay Lectures to Corporate Secretariat Course at BDO Academy
Dr. Zvi Gabay, the head of our firm's Regulation Department, delivered an introductory lecture to a corporate secretariat course at BDO Academy. The lecture focused on topics such as defining the role of the corporate secretariat, its importance to the organization, getting to know board directors, case law analysis, and corporate governance.
Barnea: Adjudication of the Entrepreneurship Program at Tel Aviv University
Our firm is the legal partner of the Tel Aviv University Entrepreneurship Center, providing support for various programs, including the "Entrepreneurs on Campus" program, which is designed for female students pursuing a second degree or higher for purposes of developing a startup. Yesterday, the program's pitch night took place, in which the entrepreneurs presented their ventures. Adv. Inbar Katzir, who supports early-stage startups, served as a judge at the event's finale
Barnea: Representing Trivago in an Investment in the Israeli Startup Holisto
Our firm represented Trivago, a leading global hotel search platform, in its strategic investment and call option to acquire Holisto, an Israeli AI-driven travel tech platform that serves as a hotel rate aggregator and white-label booking engine provider. Ariella Dreyfuss and Dean Weinberg represented Trivago.
International Bar Association: Ariella Dreyfuss on Acquiring Startups
Partner Ariella Dreyfuss spoke on an IBA webinar about the key legal considerations of acquiring startups and early-stage companies in India.
Entrepreneurship: Tal Freilich Hai Lectured at Tel Aviv University's Entrepreneurship Center
Tal Freilich Hai spoke to participants of Tel Aviv University's "Yazamiyot - Female Entrepreneurs on Campus" program about core legal concepts in the world of entrepreneurship and startups.
Outright Dismissal of Lawsuit
Our firm represented a CFO who previously served at one of the largest construction companies in the country in a lawsuit filed with the Tel Aviv District Court (Economics Department). The lawsuit was initiated by the trustee appointed to the company as part of an insolvency proceeding.
The CFO, who served for only a few months at the company, was one of dozens of defendants, including board members, members of management, controlling owners, and auditors, all of whom were held jointly and severally liable for damages allegedly amounting to approximately ILS 500 million due to the company’s collapse and subsequent insolvency proceedings.
Despite the lawsuit raising several factual and legal claims against the CFO, we took the unusual step of filing a motion to dismiss the lawsuit outright on behalf of the CFO, before even submitting a statement of defense. The grounds for this motion included lack of cause and lack of standing. Following discussions with the trustee, an agreement was reached to remove the CFO from the lawsuit. As a result, the CFO was not held personally responsible for any of the alleged damages, with collective responsibility being attributed to all remaining defendants.

