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March 7, 2023
District Court Dismisses 66 Class Actions over Accessibility
In a precedential ruling, the Tel Aviv District Court dismissed 66 motions to certify class actions filed against dozens of public companies. The motions alleged the companies’ financial reports and reporting to the Tel Aviv Stock Exchange’s MAYA system were not accessible to people with disabilities.
Eyal Nachshon, Zohar Haim Levinger, and Naama Ben Arosh Moshe represented a large number of the companies.
February 7, 2023
Barnea Representing Car Safety Company in Industrial Espionage Lawsuit
Zohar Lande, Moran Bickel, Asaf Glazner, and Inbal Amit are representing the car safety company D-Lock in the NIS 20 million lawsuit it filed against SafeCar. D-Lock claims SafeCar engaged in industrial espionage, baseless lawsuits, and threats against D-Lock’s managers and service providers in order to stop its entry to the market.
February 2, 2023
Liabilities and Exposures to Claims by an Insolvency Trustee
A worrying number of contracting companies in the real estate and infrastructure market have recently gone insolvent. A contractor’s financial collapse affects not only his creditors, but also the project’s contractee. In an op-ed, Idan Miller explains if insolvency law prevents damage reduction for the contractee.
January 19, 2023
Webinar: Accessibility of Company’s Reports
As part of a webinar held by the Israeli Association of Publicly Traded Companies, Eyal Nachshon lectured on the accessibility of company reports in the Magna and Maya systems and the exposure of public companies to public lawsuits in connection with the violation of accessibility obligations.
January 4, 2023
Representing Phoenix and More Investment House in a Dispute with Megureit Israel
Our firm continues to represent the institutional investors Phoenix and More, shareholders of Megureit Israel Ltd., in relation to a dispute about Megureit’s unlawful conduct. According to Phoenix and More, the REIT fund approved, in violation of the law, the extension of the agreement with the management company REIT Index Management Ltd., in a way that constitutes harm to the company itself (and, consequently, also to its shareholders). Megureit also refrained from transferring documents requested by Phoenix and More in this regard and procrastinated in an attempt to avoid convening a meeting and an operative discussion of the issue that could lead to a solution benefitting the company and all of its shareholders. Last week, Advs. Zohar Lande and Adi Shoham sent a letter to Megureit clarifying that Phoenix and More intend to insist on their rights, including by filing a derivative suit against the company and other parties. They requested that this letter be considered a preliminary notice before filing a derivative suit.
December 27, 2022
Suspected Embezzlement at Moshav Ahisamakh
Our office represents a senior official under investigation in connection with suspicions of embezzlement, estimated at approximately NIS 120 million that were allegedly wrongfully obtained from the agricultural association at Moshav Achisemech.
December 18, 2022
Representation in Class Action for Polluting Ashalim River
Following pollution to the Ashalim River and its surrounding areas in 2017, three plaintiffs filed a class action against Rotem Amfert, a subsidiary of ICL Group, for NIS 400 million. The plaintiffs demanded compensation for the ecological damage caused to the area.
November 23, 2022
Barnea: Providing Representation in Powermat Shareholders' Dispute
We are providing representation in a shareholders' dispute at Powermat, one of the first startups to develop wireless charging technology. The company holds overs 145 patents, is considered a significant player in the market, and has signed large-scale deals with international companies.
November 3, 2022
Eyal Nachshon Op-Ed in Ahad Ha’am Magazine
Eyal Nachshon, a partner in our Litigation Department, has written an op-ed addressing the new amendment to Israel’s class action regulations, which may harm the rights of public companies (page 14).
November 3, 2022
Barnea: Representing Butcher Chain against Motion to Certify Class Action
Eyal Nachshon and Zohar Haim Levinger represented the Maadaney Gourmet butcher chain against a motion for certification of a class action filed against it. The claim alleged the chain violated provisions of the Economy Ministry's competitive procedure for 2018 regarding the import of fresh meat exempt from customs duty. After a long and in-depth mediation process, the parties reached a settlement agreement. Maadaney Gourmet agreed to donate food products to those in need, thus bringing the litigation process to an end.
October 23, 2022
Zohar Lande Participated in Dun's 100 Commercial Litigation Forum
The forum discussed burning topics on the judicial agenda and referred, inter alia, to the connections between Israeli law and the international arena. Zohar addressed this topic and explained that “we have been witnessing a trend in recent years whereby Tel Aviv has become a hub for international legal proceedings.”
September 13, 2022
Zvi Gabbay Participates in Dun’s 100 Forum for White-Collar and Criminal Law Experts
Zvi, an expert in the white-collar and criminal law field, was asked to participate in the Dun’s 100 forum for senior officials. He presented his thoughts on the legal system’s race to catch up to technology, crimes in the metaverse, and more. Additional information can be found in the Globes write-up.
September 11, 2022
Not Just Because of Price: Why Are Food Manufacturers Shrinking Product Packaging?
Eyal Nachshon, a partner in our firm's Litigation Department, was interviewed by Globes about the lesser known aspects of the phenomenon known as "shrinkflation."
August 7, 2022
Barnea Representing Phoenix and More against Megureit Israel
Phoenix and More, two of three institutional bodies held by Megureit Israel, a residential real estate investment fund listed on the Tel Aviv Stock Exchange, sent the public company a letter demanding it disclose documents as a step before filing a derivative lawsuit against it. The basis of the letter is the claim that the extension of the agreement with the management company was carried out in a manner inconsistent with the rules of proper corporate governance and the provisions of the law, since approval of the general meeting was never received.
Advs. Zohar Lande, Adi Shoham and Tzofiya Shenfeld are representing Phoenix and More in this matter
July 27, 2022
Barnea Representing Several Ability Group Cyber Companies
Advs. Zohar Lande and Liron Dahan submitted a motion to initiate insolvency proceedings and temporary operations on behalf of several cyber companies from Ability Group. Ability Group faces debts of approximately NIS 150 million.
July 20, 2022
Barnea Representing Shefayim Water Park in Class Action Lawsuit
Advs. Eran Winner represented Shefayim Water Park in reaching a settlement agreement in the class action filed against it over alleged violations of Israel’s Prevention of Smoking in Public Places and Exposure to Smoking Law.
July 14, 2022
Barnea Representing Businessman in NIS 20 Million Lawsuit against Moshe Hogeg
Advs. Zohar Lande, Moran Bickel, Michael and Asaf Glasner are representing an American businessman in a NIS 20 million lawsuit against Moshe Hogeg, Adi Sheleg, Singulariteam, and additional defendants.
The plaintiff claims the defendants prompted him to invest in a cryptocurrency venture called Stox, which did not really exist, and fraudulently pocketed the investment funds.
June 30, 2022
Barnea Representing Entrepreneur in Conflict over Cannabis Growing Venture in Golan Heights
Eyal Nachshon and Shachar Rothschild represented the entrepreneur and businessman Tomer Solomon against his former partners Uri Amitai, Nir Pelter, and Nadav Segal in a lawsuit over the rights to shares in a cannabis company founded by Solomon. After a hearing on the allegations, the court ruled Solomon was illegally deprived of his holdings, in violation of agreements with him. Therefore, the court ordered the enforcement of the agreements and the return of his holdings in the venture.
June 23, 2022
Barnea Representing Meir Arbiv in Dispute with Nochi Dankner
Advs. Zohar Lande, Moran Bickel, and Asaf Glazner are representing the agricultural entrepreneur Meir Arbiv, who claims Israeli businessman Nochi Dankner's new foodtech venture is based on his trade secrets. Arbiv alleges he passed on such information to Dankner after being convinced to enter into a partnership with him.
June 2, 2022
Dr. Zvi Gabbay Article Featured in "Law and Business" Journal
An article co-written by Dr. Zvi Gabbay, head of our firm's Capital Markets Department, will be featured in the next volume of Reichman University's "Law and Business" journal. The article deals with requests for early disclosure of documents under the Companies Law and how Israeli courts examine such requests, in a way that often misses the purposes of the request and sterilizes it from its content