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Israel Securities Authority Defeated in Proceeding against Portfolio Manager
The Administrative Enforcement Committee rejected an administrative claim filed by the Israel Securities Authority against portfolio manager Ran Amitai for using inside information on a deal with the biotechnology company Compugen. Ran Amitai and Cramim Capital Markets were represented by Dr. Zvi Gabbay and Adv. Sapir Malul.
District Court Rejects Scheduled Vote of Purchase Group United Sarona
The Tel Aviv District Court accepted the request of over 50 members of the purchase group United Sarona, represented by Barnea's Head of Litigation, Adv. Zohar Lande, to prevent a vote at the meeting scheduled for today. In the motion that was presented, it was argued that in the process of convening the meeting there were material flaws, including a lack of information.
Israeli Banks Told to Scale Back Overseas Activities after U.S. Tax Evasion Scandal
Adv. Harel Perlmutter, partner and head of Barnea's Tax Department, was interviewed by Bloomberg BNA, following the Bank of Israel's call on Israeli banks to redefine their strategies for overseas operations. Harel noted that the Supervisor of Banks at the Bank of Israel wants to keep the bank system strong even if it means cutting part of the banks' profits deriving from activity outside of Israel.
Hosting a Delegation of Chinese Executives
We are hosting today a delegation of senior executives from large enterprises across a variety of industries in China. These executives have come to Israel to learn about Israeli innovation and entrepreneurship.
Article on Regulatory Challenges of FinTech Companies Featured in TheMarker
Micky Barnea, the firm's managing partner,published an article on the regulatory challenges facing Fintech companies, in TheMarker's FinTech Magazine. Micky notes that entry barriers to this field are not only the development stage, but also the strength of the regulatory solution. Therefore, acquired knowledge can become a real intellectual property and carry enormous potential.
Purchase Group United Sarona about to Fall Apart
The purchase group United Sarona, which won a tender a year and a half ago to build several towers near Sarona Market in Tel Aviv, is about to fall apart. In the last few days, several members of the group have begun organizing, through Adv. Zohar Lande, Head of the Litigation Department at Barnea, to file a lawsuit against United Sarona's organizers, after they failed to recruit new members or find alternative funding sources to ensure the progress of the project.
Israeli Binary Options CEO Arrested in US on Suspicion of Committing Electronic Fraud
The Israeli CEO of a binary options company has been arrested by federal investigators in the United States on suspicion of committing electronic fraud. Dr. Zvi Gabbay, partner and head of our firm's Capital Markets Department, is representing the company in this matter. In an interview with TheMarker on the subject, he noted this is a relatively early stage in the legal process and that an indictment has not yet been filed.
Article to The Times of Israel on the "Drag along Provision"
Adv. Ariella Dreyfuss, Partner at Barnea contributed an article to The Times of Israel on the "drag along provision" included in most investment documents. Ariella outlines five tips for minority shareholders looking to ensure the drag along mechanism works for them when negotiating investments.
Itay Gura to Lecture on Founders Agreements and IP
Adv. Itay Gura will lecture today at StarTAU's acceleration program on founders' agreements and IP.
Dr. Zvi Gabbay speaking at the EY Anti-Fraud Forum
Dr. Zvi Gabbay, Head of Barnea's Capital Markets Department, will participate today in the EY Anti-Fraud Forum. Zvi will discuss how workers can take an active role in self-regulation and compliance.
Marie Tsion to Address the Various Legal Issues of Job Acceptance
Adv. Marie Tsion, Head of the Employment Department, will lecture today at the Human Resources Forum of the North on legal issues related to job acceptance: evaluation centers, refusals, and the law for the prevention of discrimination.
Yuval Lazi to Lecture on Intellectual Property in the Entrepreneurship World
Adv. Yuval Lazi will lecture today at the Heseg Innovators Program (HIP) on issues of intellectual property in the entrepreneurship world.
Who Owns Employee-Created Inventions: the Employer or the Employee?
We were interviewed by TheMarker on the subject of who owns the Facebook page of a popular TV program—the host or the network and asserted that all intellectual property created by a worker in the framework of the workplace belongs to the employer.
Dr. Zvi Gabbay Discusses Regulation of Digital Coins in New Op-ed
Dr. Zvi Gabbay, Head of the Capital Markets Department, had an op-ed published in The Marker on the regulation of digital currencies. He asserts there will be no choice but to build a unique regulatory model that matches the characteristics of these new financial instruments.
Dr. Zvi Gabbay Interviewed by Walla! about Investigation into Former Bank Leumi Officials
Dr. Zvi Gabbay, head of the Capital Markets Department at our firm, was interviewed by Walla! about a criminal investigation opened against former Bank Leumi officials in a US tax fraud scandal. Zvi believes American investigators will work closely with Israeli investigators on this case, via the international legal aid apparatus at the Justice Ministry.
Dr. Zvi Gabbay talks SEC allegations against Mobileye founders with TheMarker
The US Securities and Exchange Commission (SEC) recently filed a lawsuit in a US court against an Israeli citizen and an American citizen for the use of inside information to acquire shares and options at Mobileye. The lawsuit alleges, among other things, that Mobileye's founders supplied information about the huge deal being forged between it and Intel. Dr. Zvi Gabbay, head of the Capital Markets Department at our firm was interviewed by TheMarker on the subject. He explained the differences between the enforcement process in Israel and the US and the relationship between civil enforcement by the SEC and criminal enforcement by federal prosecution.
Adv. Ariella Dreyfuss to lecture at HUstart - The Hebrew University Entrepreneurship Center
As part of our cooperation with HUstart, The Hebrew University Entrepreneurship Center, Adv. Ariella Dreyfuss will speak today to the participants of its TIP (Trans-disciplinary Innovation Program). Ariella’s lecture will focus on the legal aspects of raising initial financing.
HR Challenges for Startups
Our Head of the Employment Department, will lecture today to entrepreneurs at advanced stages who are participating in StarTAU's entrepreneurial program. The lecture will focus on recruitment of employees and the various challenges involved in recruiting human resource professionals in start-up companies