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Our firm represented Danel in the acquisition of 51% of Manor Medical, an egg donation and surrogacy company.

Advs. Micky Barnea, and Ilan Blumenfeld represented Danel in the acquisition with a value of up to NIS 140 million.

A number of US pharma companies have issued a joint statement promising not to shorten the process for developing a coronavirus vaccine or to prioritize narrow economic considerations over public health.

This cooperation between competing companies challenges existing perceptions about the business sector and shows that sometimes public health is no less an important consideration.

Is now the time for companies to value the public good and other relevant stakeholders over company shareholders? Dr. Zvi Gabbay's op-ed on the subject was published in Globes.

Adv. Simon Jaffa and Ariella Dreyfuss represented Knorr-Bremse, the German global market leader for braking systems for rail and commercial vehicles in its US$10 million investment in the Israeli railway safety company Rail Vision.

Hagit Ross, a partner in our Capital Markets Department, represented Canomed, a company engaged in the cultivation, marketing, and direct sale of medical cannabis, in the issuance of two options series. The issuance is expected to reach a value of NIS 6 million. Canomed is one of the first companies to promote the purchase of pharmacies licensed to sell medical cannabis, thus providing the company direct access to the end consumer. Canomed itself already owns several such pharmacies.

In mid-September 2020, a series of articles were published by a group of foreign journalists, based on the collection and analysis of over 2,500 leaked documents from FinCEN, the US equivalent of the Israel Money Laundering and Terror Financing Prohibition Authority.

The leak of such sensitive information may cause banks and financial institutions to think twice before reporting suspicious financial activity, which would be a mistake. Check out Dr. Zvi Gabbay's op-ed in Calcalist on the subject.

As a result of COVID-19, in recent months, many employers have closed their offices and required their employees to work from home, sometimes indefinitely. Employers and employees alike have learned that people no longer need to be present at an office to get work done. This has created another unique situation. Israelis who relocated to countries around the world are now either requesting to return to Israel to be close to their family or being asked by their companies to return home in order to save costs. The question is how can this work for an Israeli employed by an international company with no connection to Israel. What are the legal requirements in such a situation? Netta Bromberg, the head of our Employment Department, has published an article in Calcalist on the subject.

The Israel Investor Relations Forum of the Israeli Association of Publicly Traded Companies, in collaboration with the Tel Aviv Stock Exchange, has launched an investor relations course for executives from leading companies. Yesterday’s session focused on regulation, including the rules of the game and how to publicize announcements to international investors.

Dr. Zvi Gabbay’s lecture, entitled “Duty to Report – Practical Implications,” covered how regulation in both Israel and the US can affect a company.

Jacki Silbermann, a lawyer from our firm's Employment Department, lectured today on workers' rights in Israel.

The lecture was held as part of a program run by Israel Tech Challenge, an organization established to address the manpower shortage in the Israeli tech industry. Israel Tech Challenge offers intensive training programs for new immigrants who are outstanding graduates from leading universities around the world. The lecture was held as part of a training session for the ITC's Data Science Fellows program.

The IBM Accelerator Pitch Day will be held today. As part of the event, entrepreneurs will present their ideas to a panel of experts. Ariella Dreyfuss will serve on the judges' panel at the event

As part of our legal counsel to the Israel Hedge Funds Association, we are proud to be involved in the IHFA's 8th Annual Conference. The theme of the conference is “It's A New World Out There – Hedge Funds Navigating COVID.”

Tower identified a cyber attack on its systems and released a statement saying it had taken measures to prevent the event’s further development. Yuval Lazi and Anat Even Chen, partners from our firm that represent companies dealing with cyber breaches, were interviewed by Globes on the matter. They explained the attack’s impact on the company, the company’s different alternatives of how now to respond, and when and if a company should report a cyber attack.

In an important ruling recently handed down, the Tel Aviv District Court rejected a NIS 120 million lawsuit filed by Habas Group against the company's managers. Judge Kabub's ruling constitutes an initial interpretation of a new section of the the Insolvency and Rehabilitation Law, which deals with the degree of responsibility that can be attributed to managers when the company they run becomes insolvent.

The article mentions the Ministry of Finance's decision to exempt from a tender process LR Industries Ltd., an Israeli importer, thus allowing it to supply millions of COVID-19 testing kits to the Ministry of Health, at an estimated value of USD 7.7 million. In response, veteran Israeli company Biological Industries Bet Haemek filed an administrative appeal and a motion for an interim order against the decision. This process was led by Advs. Shai Avnieli and Shay Bello from our firm.

Daniel Lorber was invited to speak at a new Tech7 and Nisha Global meetup for those looking for their next market overseas. Daniel discussed the differences in US and Israeli business cultures.

As an expert in the compliance field, Zvi Gabbay was invited for the fourth straight year to lecture a compliance officer training course organized by the BDO Academy of Finance and MITIGATE. This unique practical course is geared to compliance officers in international financial organizations. During the lecture, Zvi discussed administrative enforcement and enforcement plans.

Adv. Niv Polani has more than thirty years of experience in the legal and banking worlds. He held several senior positions at Bank Hapoalim, one of Israel's largest banks, including Vice General Counsel, Chief Compliance Officer, Vice President, and Head of Corporate Development. Niv also served as the General Counsel and Head of Regulatory Affairs of one of Israel’s leading credit card companies. Niv joins Barnea Jaffa Lande as an of counsel and will focus on developing and strengthening the firm's activities in the banking and payments fields.

A new Supreme Court ruling determines that a warning note may not be used as collateral for buyers of apartments in a TAMA 38 project in Ramat Gan in which the developer went bankrupt. In light of the ruling, Elder Adato, the head of our Real Estate Department, was interviewed by Calcalist. He commented: "In dozens of TAMA 38 projects all over the country, the only collateral home buyers received until now was a warning note. These warning notes were primarily intended to ensure the money of home buyers. It is important to note that this ruling applies only to a specific event, in which the contractor collapsed and the warning notes constituted an 'onerous asset' for the completion of the project. "

The Ministry of Finance has announced reduced tax rates for the purchase of an apartment for investment. How much will you pay and how can you choose the right tax payment route for you? Check out Liat Keisary’s guide for investors published by Mako.

Liquidity Fund of Meitav Dash will establish with MUFG Bank, the world’s largest Japanese bank, a new private investment fund in Asia. The new fund will be incorporated in Singapore, and will provide credit to companies in Asia, through securitization transactions of future cash flows. Our firm, led by attorneys Roy Engel and Yuval Lazi, accompanied Liquidity, which as part of the agreement will provide the joint company with management and underwriting services.