Insights & News

We represented Mouro Capital in its USD 8 million equity investment in the Israeli tech insurance startup Vesttoo, as part of its role as the lead investor in the company's USD 16 million Series B round. Adv. Ariella Dreyfuss represented Mouro Capital in the deal.

Our firm, in collaboration with the Public Companies Forum of the Israeli Association of Corporate Counsel, has launched a series of webinars on internal enforcement. Among the lectures in the series is "Prohibition on the Use of Insider Information, What an Internal Enforcement Plan Is, and How It Is Implemented in Organizations."

Adv. Yuval Lazi, Adv. Itay Gura, and Adv. Inbar Katzir represented the Israeli startup NickNack in its sale to Papaya Global Ltd., a private Israeli company that provides payroll and human resource management computing services to multinational corporations. NickNack is developing a platform that fosters team engagement and togetherness for organizations working remotely.

Gett announced last week a USD 1.1 billion merger with an SPAC. This prompted unrest among former Gett employees who feared a dilution of their shares. We were interviewed by TheMarker about workers' rights during issuances and SPAC processes.

Barnea represented Sephira, a French-Israeli group of companies and a leading provider of software solutions for healthcare professionals, in the sale of its holdings to DL Software Group, recently acquired by the US private equity fund TA Associates. The transaction was led by Adv. Samuel Henry Samuel and Adv. Avihay Asulin. Adv. Netta Bromberg advised on all employment law matters, while Adv. Harel Perlmutter and Adv. Nir Ziman advised on all tax matters.

November brings with it a variety of online shopping deals and promotions. Before making a purchase, it is important to know which products are tax-exempt, which sites to buy from, and what warning lights should not be ignored. Adv. Karin Kashi, coordinator of our firm’s privacy practice, addresses the issue in an interview with Ynet.

As part of the inaugural event of Bar-Ilan University’s Law and Environment Club, Adv. Sagi Gross will deliver opening remarks on the importance of law and the environment. His speech will touch on developments and changes in recent years.

In the last six months, the kibbutz industry has signed ten significant deals for hundreds of millions of dollars. How and when did the kibbutz industry become so attractive? What happened in the last decade that caused this explosion in the kibbutz industry and is this a temporary phenomenon? A Globes article on the subject features interviews with several experts in the field, including Adv. Micky Barnea.

We represented Israel Scientific Instruments Ltd. (ISI) in a petition filed with the Jerusalem District Court against the Ministry of Health and others, alleging that the Ministry's tender for the procurement of coronavirus tests was conducted inequitably and granted ISI's competitors an unfair advantage. Adv. Eran Winner, Adv. Ido Vakshi, and Adv. Gaya Tsarfati represented ISI in the petition, which seeks to cancel the tender and issue a new one.

We advised Reef Technology, a leading US operator of mobility and logistics hubs and neighborhood kitchens, on its acquisition of Bond, an Israeli logistics startup originally founded as Shookit, a direct-to-consumer grocery delivery company that delivered fresh produce to customers across the city within hours. The transaction was led by Adv. Michael Barnea, Adv. Ariella Dreyfuss, and Adv. Tal Freilich. Adv. Netta Bromberg advised on employment matters, while Adv. Harel Perlmutter and Adv. Hanna Daher advised on tax matters. Adv. Anat Even-Chen advised on data privacy, cybersecurity, and other regulatory matters.

The “Pandora Papers” scandal, revealed yesterday, shines a spotlight on the world of tax havens. Adv. Harel Perlmutter, head of the firm's Tax Department, addresses the issue in an interview with N12.  

Our firm represented Azrieli Group, the largest income-producing real estate company in Israel, in the acquisition of Mall Hayam for ILS 1.31 billion. Adv. Terry Almozlino Arnon, Adv. Ilan Blumenfeld, and Adv. Alon Wolner represented Azrieli in the transaction.

An op-ed in Globes addressing the current Knesset debate over the establishment of a new regulatory authority.

Our office has served as legal counsel for Niio, a unique digital art platform, since its establishment. The startup recently completed a USD 15 million fundraising round. Adv. Simon Jaffa and Adv. Ariella Dreyfuss also represented Niio in a strategic partnership and financing agreement with Samsung Display, which will exhibit on hundreds of its frames the digital artwork Niio offers.

Barnea represented RSBG Ventures GmbH in the USD 140 million sale of its shares in the Israeli cybersecurity company Cybellum Technologies Ltd., as part an acquisition of a majority stake (65%) in the company by LG Electronics Inc. Adv. Simon Jaffa and Adv. Ariella Dreyfuss led RSBG’s role in the transaction.

An Israeli district court rejected the Israel Tax Authority’s attempt to force the Azrieli Foundation to pay taxes in the amount of tens of millions of shekels for dividends it received and continues to receive due to its holding in Azrieli Group's shares. The court accepted the tax appeal, which was filed by Barnea Jaffa Lande, and ruled that the Azrieli Foundation, a nonprofit organization that works for the public good in Israel, is not the controlling owner of Azrieli Group and is therefore entitled to a tax exemption. The court ruled, among other things, that the ITA’s position could have a chilling effect in relation to business entities’ support of philanthropic associations. Adv. Zohar Lande, Adv. Eyal Nachshon, Adv. Harel Perlmutter, Adv. Nir Ziman, and Adv. Omer Keydar represented the Azrieli Foundation throughout the proceedings, which lasted about five years.

In recent days, the guardianship struggle over Eitan Biran, the young boy whose parents and little brother were killed in a cable railway disaster in Italy, has made headlines again. This sensitive event has aroused interest around the question of writing a will at a young age. Adv. Liat Keisary addresses this issue of concern for many parents in an interview with Israel Hayom.