Insights & News

Adv. Hagit Ben Moshe, a partner and our firm's kibbutz sector expert, published an opinion article in Dun's Calcalist on the Law for the Advancement of Construction in Preferred Housing Complexes.

The Administrative Enforcement Committee of the Israel Securities Authority (ISA) approved an administrative enforcement agreement between the ISA, Kitov Pharma Ltd., and a few of its officers. According to the agreement, which concludes the criminal investigation by the ISA, the company and its officers will pay a monetary sanction. Our firm represented the company and its CEO in the process.

Our firm continues to represent Maurice Haliwa, a shareholder in Manor A.D. Construction Investments Ltd., in a lawsuit against Jacky Ben-Zaken and Avraam Nanikashvili. Haliwa recently increased the amount of the original lawsuit from NIS 18 million to NIS 100 million. Advs. Zohar Lande and Yatir Madar represent the client.

Barnea represented Motive Partners, a US-based private equity fund, and LPA, its German daughter company, in the acquisition of Israeli fintech company Modelity Ltd. Advs. Yuval Lazi, Uri Hillel, and Mayer Winkler represented the buyer.

Our firm represented the Danish catering and cleaning services company ISS Global in the disposition of all its holdings in Israel. ISS was advised by Advs. Simon Jaffa, Yuval Lazi, Danny Boguslavsky, and Chen Nadir.

Adv. Alon Wolner published an article on the Walla news site on the rights and obligations of lessors and lessees.

Dr. Zvi Gabbay was interviewed by the radio station Kol Israel Reshet Bet on how to manage investment portfolios for friends and family. According to Zvi, capital market professionals must be careful, since managing an investment portfolio requires a license. Even when advising family and friends, professionals are subject to duties and may be exposed to risks and claims. (Starting at 03:10.)

Our firm represented the Israeli startup Anzu (Anzu.io) in a USD 6.5 million fundraising round. Anzu developed a platform for game developers that allows the integration of advertisements into the game world.

The Supreme Court rejected all of Nespresso and Nestle's claims in a lawsuit filed against our client Espresso Club. The lawsuit revolved around an Espresso Club advertisement that featured a George Clooney look-alike. Nespresso and Nestle argued violation of intellectual property rights, but the Supreme Court rejected their arguments in favor of Espresso Club's. This represents a significant ruling on issues of commercial advertising content. Espresso Club was represented by Adv. Zohar Lande, the head of our Litigation Department.

Adv. Ariella Dreyfuss lectured today to participants of Hebrew University's International Transdisciplinary Innovation program on the first legal steps of launching an initiative.

Our firm is representing Shaham, the largest actors' organization in Israel, as well as a group of artists, in a legal dispute with the management of Eshkolot, a company that handles collection, management, and distribution of royalties to all artists in Israel.

In this context, Advs. Zohar Lande, Hadar Israeli and Eyal Nachshon submitted a request to the Economic Department of the Tel Aviv District Court to receive documents before filing a derivative claim over irregularities and defects. The request asks Eshkolot to present information on the manner in which royalties are collected from the various broadcasting organizations.

Zvi Gabbay published an opinion article in Law360. It discusses the SEC's treatment of two recent events—the federal suit against Kik Interactive and Facebook's announcement on the launch of a new digital currency.

Adv. Harel Perlmutter was interviewed by TheMarker following a precedential ruling by the Tel Aviv District Court, which determined that the conveyance of Israeli real estate to a trust is not a tax event. Harel noted that the ruling opens up many interesting ways to plan and manage intergenerational transfers of wealth and real estate, without tax being a negative factor and affecting the process.

Our firm is representing Eva Fashion in a dispute with Ilan Bioculture, a cannabis plants company that is seeking to cancel an investment agreement signed with Eva Fashion. 

Our firm was interviewed by TheMarker following publication that a group of apartment purchasers in the exclusive Blue project submitted a claim against Canada Israel. We explained more about purchasing groups and noted that "those who join purchasing groups become entrepreneurs together with the other group members and, as a result, are dependent on the management of the group. The group members have no final price for the apartment, there is no final date for occupancy, and there are no guarantees for the money that they pay. It is important to remember that despite the possibility of large savings in the value of the future apartment, which sometimes reaches 20%, there are many projects managed incorrectly and that sometimes even cost the group more money than they would pay if they were buying an apartment directly from a contractor."

Our firm is representing the Chinese investment fund Neng Yang in its acquisition of Advanced Dicing Technologies Ltd. (ADT). ADT is an Israel-based electronics dicing equipment company. The acquisition amount is USD 35 million.

Our firm is representing Azrieli Group in its equity investment in Compass Datacenters LLC., a company engaged in the commercialization of hyperscale data centers in North America. This acquisition is part of Azrieli Group's overall expansion into real estate in the international arena.  

Our firm continues to represent businessman Eyal Shamir in a lawsuit against British Israel over its merger transaction with Melisron. As part of the lawsuit, Shamir's conversation with Ronen Gaon, who served as a director of British Israel, was exposed. Adv. Zohar Lande, Head of the Litigation Department, who is representing Shamir, told TheMarker that "Gaon's appeals to Shamir regarding the matters discussed in the article were rejected by Shamir outright."

Our firm hosted today a meetup for entrepreneurs in the femtech field. Co-hosting was 50inTech, a French organization that provides a platform for women in the high-tech industry.

During the meetup, in which 25 entrepreneurs gathered, Ariella Dreyfuss delivered a brief overview of challenges, trends, and opportunities in the femtech field.

As part of the firm's representation of the IBM Alpha Zone Accelerator, Adv. Itay Gura attended a session with participants of the new class and lectured on the issues facing late-stage startup companies.