Insights & News

No takebacks, receiving nothing in return, and a cooling-off period—gifting an apartment to a relative offers significant tax advantages. However, it is crucial to fully understand the consequences of this move for both the giver and the recipient of the gift.

Everything you need to know about key money transactions—the advantages, the disadvantages, and the law.

Adv. Elad Reshtick and Adv. Omri Oren represented the public company 3DM in a merger transaction, wherein 3DM will acquire Solrom Electronics Ltd. Solrom is engaged in the development, planning, production, and marketing of products primarily for use in the defense market.

Adv. Idan Miller, the head of our firm's Insolvency Department, was appointed as the insolvency trustee for White Dress Marketing Ltd. (formerly Riki Dalal Group). Idan submitted an economic rehabilitation plan on behalf of the company and its shareholders for the Tel Aviv District Court's approval. In his request, Idan asked that the controlling shareholder's military reserve service be recognized as a contributing factor for the purpose of granting relief and avoiding a full insolvency procedure. When asked by the court for his response, the Commissioner for Insolvency Proceedings accepted this position.

We were happy to host the Demo Day event for the AtoBe Accelerator at the Azrieli College of Engineering. During the event, entrepreneurs presented their innovative ventures to an audience of investors.

Maya Carmi Lubartovski, the head of our firm's real estate taxation practice, was interviewed by Bizportal about the Israel Tax Authority's planned updates in the real estate taxation field. Among other things, she discussed the consequences of higher purchase tax rates for second apartments and giving an apartment as a gift.

Adv. Ken Shaked and Adv. Nir Alter represented the startup QDM (Quantum Design Materials) in a transaction with the Israel Electric Corporation (IEC). As part of the transaction, the IEC invested USD 1.1 million in QDM, which develops room-temperature superconductors. In addition, QDM and the IEC signed a cooperation agreement allowing the IEC to conduct a pilot to examine the applicability and suitability of QDM’s innovative technology for its needs.

Our firm is proud to serve as the legal partner of MaofTech, an accelerator program for early-stage startups in the Northern Negev region, and to provide legal services to its various ventures. MaofTech is operated by the Ministry of Economy and Industry’s Agency for Small and Medium Businesses. Its aim is to encourage, promote, and develop businesses in Sderot and the communities of the Gaza Envelope.

In an interview with Globes, Adv. Micky Barnea, our firm’s managing partner, discussed the complexities that characterized 2023 and the recent growth in the firm’s practice areas.

It was a pleasure to co-host a conference with ACC Israel on workplace embezzlement and fraud. Firm partners Adv. Eran Winner and Adv. Netta Bromberg spoke about preparing for, preventing, addressing, and managing crises arising from such incidents. In addition, Ofer Alkalay analyzed specific embezzlement cases and reviewed the lessons learned.

Prof. Amichai Cohen, a special counsel at our firm and an expert on international law, was interviewed for an episode of the “One a Day” podcast hosted by Channel 12 News correspondent Elad Simchayoff. The episode dealt with the following question: “What does recognition of a Palestinian state mean?”

Israel’s M&A market is beginning to show signs of recovery. Adv. Micky Barnea, our firm’s managing partner, was interviewed by TheMarker on the subject. Micky noted that "so far, more deals are being made in private companies, but if there isn't a significant security escalation, this trend will extend to public companies as well."

Adv. Itay Gura, Adv. Mayer Winkler, and Adv. Inbar Katzir represented both T-Rex Group and Finsight in the sale of all the assets of T-Rex, a pioneering startup specializing in private credit, to Finsight, a US fintech company.

Adv. Zohar Lande and Adv. Shai Avnieli represented Metpro in an administrative appeal submitted to the Supreme Court, in which another bidder attempted to disqualify Metpro’s win in the tender for the management and planning of the M1 metro line. The Supreme Court accepted the district court’s position, recommending that the appellant withdraw its appeal and reach an agreement with Metpro regarding legal expenses.

Adv. Itay Gura, Adv. Inbar Katzir, and Adv. Avihay Asulin represented Shinez, a prominent digital marketing company, in its USD 42 million acquisition by Team Internet Group plc., a leading international online marketing and media corporation.

Prof. Amichai Cohen and Channel 12 news correspondent Yaron Avraham were featured on Elad Simchayoff’s “One a Day” podcast to discuss the International Criminal Court’s potential arrest warrants for senior Israeli officials over the war in Gaza.

Adv. Lior Girshevitz, an associate in our firm’s Employment Department, was interviewed by N12 for its guide on workers’ rights during the Passover holiday. Lior noted, “There is no legal obligation requiring an employer to make the workplace kosher for Passover. Consequently, an employee has no legal right not to come to the workplace even if it is not kosher according to Jewish law.”