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Insights & News / Uri Hillel

Expanded Company Extract Now Available at No Additional Cost

The Israeli Corporations Authority in the Ministry of Justice recently announced a significant expansion of its company extract service. This development marks an important change in the corporate landscape, substantially improving access to and transparency of comprehensive and material information regarding companies registered in Israel.

Compulsory Online Reporting to the Israeli Registrar of Companies

Pursuant to the Registrar of Companies’ directives, every company incorporated in Israel, whether under local or foreign ownership, must file its reports and applications to the Registrar of Companies solely online, through the Corporations Authority’s website.

Corporations in Israel Must Have an Official Digital Address

Companies that did not report their digital address to the Registrar of Companies as part of their 2023 annual reports must report them in the 2024 reports. If they fail to do so, they may face fines and sanctions.

Step-by-Step of Voluntary Liquidation in Israel

In Israel, voluntary liquidation is an orderly procedure that begins with the preparation and submission of a solvency statement by a company's directors. This is followed by the shareholders' approval of the liquidation, delivery of notices to the company's creditors and the Registrar of Companies, and finally the company's liquidation. It is crucial to conduct the procedure in an orderly manner to avoid exposures, fines, and debts.

Israeli Registrar of Companies Increases Enforcement Measures against “Violating” Companies

Companies should promptly settle unresolved issues with the Registrar of Companies in order to avoid sanctions, fines, and difficulties obtaining credit.

Barnea Represents Britannica Knowledge Systems in USD 70 Million Deal with US Army

Adv. Yuval Lazi and Adv. Uri Hillel of our firm represented Britannica Knowledge Systems, a world-leading provider of advanced solutions for training management and professional competence, in a USD 70 million contract for the supply of the FOX system to the United States Army.

Categories: Corporate | High Tech

CardiacSense Signs USD 32M Deal to Sell Watches in India

Our firm advises Cardiac Sense, a startup that has developed a medical watch for remotely monitoring patients’ vital signs and detecting fever and chronic diseases, on all legal matters. We recently assisted the company with an agreement worth more than USD 30 million to supply medical watches to hospitals in India.

Categories: High Tech | Life Sciences | Start Ups

Barnea Represents Motive Partners and LPA in Acquisition of Modelity Ltd.

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. Adv. Yuval Lazi, Adv. Uri Hillel, and Adv. Mayer Winkler represented the buyer.

Categories: FinTech | High Tech | Investments

Barnea Represents Johnson & Johnson in USD 28 Million Investment Round

V-Wave, a privately held company with offices in Israel and the U.S., completed a USD 28 million Series B financing round. The round was led by Johnson & Johnson Innovation, JJDC Inc., represented by Barnea. Other investors included TriVentures, Pura Vida and BioStar Ventures, alongside existing shareholders BRM, the fund of Eli and Nir Barkat, Pontifax, and Edwards Lifesciences.

Categories: Corporate | High Tech

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