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Anat Even-Chen Insights & News / 

June 20, 2021
Webinar: Cyber and Privacy in International Law
Bar-Ilan University's International Law Club Global Law Forum is hosting the webinar "Cyber and Privacy in International Law". As part of the webinar, Anat Even-Chen, a partner and the head of our firm's regulation practice, will discuss the international aspects of privacy and cyber security law.
June 13, 2021
Bank of Israel: Environmental Considerations and Risks Should Be Part of Banking Corporations’ Risk Management
The Bank of Israel published its latest annual review at the end of May¹The review includes an announcement by Supervisor of Banks Yair Avidan that he is promoting the formulation of updated comprehensive regulations on environmental risk management, considering the considerable importance he attributes to the subject of the environment. Already at the end of 2020, the Supervisor of Banks sent a letter to banking corporations and credit card companies advising them of the initiation of a process of regulating and supervising banks’ environmental risk management². These clear statements may have significant implications on many business entities, adding practical substance to the growing discourse about corporations’ environmental impact and their adoption of an ESG policies.
February 18, 2021
Employers: Everything You Need to Know about Vaccinations
This past year has been nothing short of a rollercoaster ride for employers in Israel, in terms of both their business activities and their role as employers. Now, when we can perhaps see a glimmer of light at the end of the tunnel in the form of Israel’s vaccination campaign, quite a few questions arise.
January 5, 2021
Globes Conference: Cyber in 2021
Adv. Anat Even-Chen participated in Globes' "Material for Thought" conference on the cyber industry. Anat was featured on a panel about the effects of a cyber crisis on an organization, where she discussed how companies should prepare for upcoming challenges in 2021 in this field.
December 29, 2020
Epidemiological Investigations and Privacy Protection
Israel’s Privacy Protection Authority published its guidelines and emphases for protecting the privacy of individuals when conducting COVID-19 epidemiological investigations in workplaces.
December 14, 2020
New Rules on Consumer Credit Marketing and Management
The Bank of Israel recently issued new rules on marketing and credit management. The purpose of the new rules is to prevent credit risks not tailored for the customer. They include restrictions on aggressive marketing and granting certain clients credit.
December 6, 2020
Amendment to Consumer Protection Law Restricts Telemarketing Calls
A recent amendment to the Consumer Protection Law seeks to place restrictions on telemarketing. As part of the amendment, the Consumer Protection and Fair Trade Authority will establish a database of consumers who don't want to receive telemarketing calls from various businesses. Businesses will not be able to contact a consumer whose telephone number is registered in this database, except in specific circumstances.
November 15, 2020
Privacy Protection Authority: Appointing a Privacy Protection Supervisor Is a Necessary Step for Israeli Companies
Israel’s Privacy Protection Authority has published its recommendation that every organization appoint a privacy protection supervisor. This supervisor’s task is to implement the privacy protection laws that apply to the organization. The PPA noted that although Israeli law does not impose such a duty, it is a best practice recommended for organizations that collect and analyze personal data.
October 27, 2020
Israeli Government Encourages Companies to Publish Corporate Responsibility Reports
A recently launched government program aims to encourage companies to publish social responsibility reports, or ESG (environmental, social, and government) responsibility reports. The Ministry of Strategic Affairs in the Prime Minister's Office announced the launch of the “Impact Nation" program, as part of a broad move to promote publication of positive economic information regarding Israeli companies, following the publication of the Israeli companies database by UN Human Rights Council.
September 7, 2020
Cyber Attack on Tower Semiconductor: What is the Effect on the Company’s Activity?
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.
July 29, 2020
Privacy Evolution: Europe v. Israel
A July decision by the Court of Justice of the European Union has established that in light of the fact the United States does not respect the privacy of its citizens in accordance with EU standards, the Privacy Shield mechanism allowing for personal data transfers between Europe and the US can no longer be relied upon. At the same time, in Israel, the Ministry of Justice has published a memorandum that constitutes the first step in adjusting existing law to the digital age.
July 14, 2020
Does Covid-19 Void Contracts?
The inter-ministerial team assembled to examine the consequences of the Covid-19 crisis on contractual agreements has recently published its recommendations.
July 1, 2020
Israel – How Your Business Can Avoid the Dramatic Increase in Accessibility Class Actions
Recently, there has been a dramatic increase in the enforcement of accessibility issues in Israel. More and more companies are facing requests for certification of class action suits for failing to make services accessible to people with disabilities. Such proceedings, exempt from court fees, are initiated by lead plaintiffs against big and small organizations, from both the private and public sectors.
June 23, 2020
Companies' Collection of Personal Data – an Interview with Anat Even-Chen
Globes has published a comprehensive article on technology solutions relating to the relationship between property lenders and tenants. Anat was interviewed as part of the article about the privacy of such platforms' users. Anat cited Airbnb's case as an example. The company finally agreed, after years of discussions, to hand over host data to New York City. Anat stressed that private individuals should be aware that their information can be collected and that data collection is much easier now than ever before.  
May 20, 2020
Doing Business in Israel – Practical Law
This year, we were once again responsible for preparing the QA guide on doing business in Israel for the Practical Law website. The guide provides an overview of recent key developments that have affected doing business in Israel, including the legal system, foreign investment, employment, tax, competition, privacy, IP, etc.
May 6, 2020
Israel: Fast-Tracked Grant Channel for Companies in Crisis
Following a previous Israel Innovation Authority call for bids for companies developing technologies to help deal with the coronavirus crisis, the IIA has opened a channel to support companies facing financial hardships due to the virus.
April 2, 2020
Israel: Extending Validity of Regulatory Approvals in Light of the Coronavirus Crisis
On March 25, 2020, emergency regulations were adopted in Israel that include, among other things, an extension of the validity of regulatory approvals that expire in the near future.
April 2, 2020
Israel Innovation Authority Updates for Companies and New Benefit Tracks
Due to the coronavirus pandemic, the Israel Innovation Authority (IIA) has issued a major easement for the companies it supports, in the manner in which payroll expenses for companies in the midst of carrying out approved plans will be recognized.
March 29, 2020
Coronavirus in Israel – Getting Your Business Seen as an Essential Service
Special coronavirus-related emergency regulations were promulgated in Israel on March 21, 2020, listing specific economic activities considered as essential that are allowed to operate with fewer limitations.
March 26, 2020
Protecting Privacy despite the Coronavirus
The global effort to fight the spread of coronavirus has prompted new privacy related questions around the world. Much has been written for and against the use of privacy-compromising measures to protect public health. Therefore, we have chosen to concentrate on the practical implications of privacy principles on companies and businesses.
March 22, 2020
The Israeli Ministry of Environmental Protection Issues Guidelines for Permit and License Holders for Foreseeable Future
On March 18, 2020, the Israeli Ministry of Environmental Protection issued a set of guidelines for adjustments to businesses and factories with permits and licenses issued by it for toxin permits, emission permits, and business licenses with environmental conditions.
March 15, 2020
Israel’s Privacy Protections and Data Security Recommendations for Telecommuting due to Coronavirus Spread
The Israeli National Cyber Security Authority published recommendations for business and organizations related to privacy protections and data security for telecommuting due to coronavirus spread.
March 6, 2020
Firm Partners Lecture at TAU Entrepreneurship Center
As part of the firm's collaboration with Tel Aviv University's Entrepreneurship Center, we were invited to lecture students on the relevant legal aspects of entrepreneurial activity. Daniel Lorber discussed the basics behind founders’ agreements and why it's important to make such an agreement. Yuval Lazi explained the methods, possibilities, and challenges of venture capital raising, from family and friends to exits. Anat Even-Chen concluded with a lecture on online business activities, including what website policies should contain and how to build a business correctly so as not to be exposed to privacy issues.
March 4, 2020
Protect Your Business by Learning How to Handle Data

In an attempt to assist businesses in addressing the privacy challenges they face, we prepared a short guide on the key principles of handling data.

February 23, 2020
Chambers TMT Guide 2020: Law in Practice
As experts in the TMT field, our firm was asked to contribute the Israeli law and practice overview for the Chambers Israel TMT guide. In their overview, Micky Barnea, Daniel Lorber, Anat Even-Chen, and Nir Abraham discuss legal considerations for big data, machine learning, and artificial intelligence. They also address key data protection principles, the challenges with IT service agreements, privacy matters, and more. As a whole, the TMT guide offers insights for each jurisdiction.
January 1, 2020
New Standards in Cyber Protection for Companies in the Government, Infrastructure, and Finance Sectors
The Governmental Cyber Security Unit has published a new directive according to which material service providers to government, infrastructure, and finance bodies will be required to adopt a common and unified standard for cyber protection.
December 23, 2019
Latest Developments in the Israeli Payments Market
The Bank of Israel recently led several important developments in the Israeli payments market, which are designed to encourage competition and to advance the implementation of innovative technologies.
December 12, 2019
Meetup for Women in Ecommerce
We hosted today a meetup for female entrepreneurs in the ecommerce field. Harel Perlmutter and Anat Even-Chen lectured to the participants on the taxation and regulatory issues that could affect them.
December 4, 2019
What You Should Know before Launching a Website or App

When a company is looking to start operating on-line via a website or an app, it must ensure its relationship with its users is defined not only from a marketing point of view but also from a legal perspective. Watch the video to learn more.

November 19, 2019
Event: The Future of Money Transfers
Our firm hosted today ACC members for a seminar on money transfers. Dr. Zvi Gabbay reviewed the regulations and guidelines that exist today in Israel and around the world on the handling of money transfers. In addition, we conducted a panel discussion addressing the challenges and opportunities facing businesses who need to know how to solve problems that may arise. Participating in the panel were Anat Even-Chen, our regulation expert; Doron Cohen, CEO of Covercy; Idit Froim, General Counsel of Colu; Yitz Raab, Managing Partner of Tzur Management; Rami Sasson, Chief Compliance Officer of Discount Bank; and Ronen Siman-Tov, CTO of IBM Blockchain World Wire.
November 18, 2019
Israel's Attorney General Guideline to Advance Transition to Digital Services in Government Ministries
In October 2019, Israel's Attorney General published a detailed guideline document addressed to the legal counsels of various government ministries.
November 13, 2019
Representing License Holders of the Ishai Gas Reservoir
Advs. Zohar Lande and Anat Even-Chen are representing the license holders of the Ishai gas reservoir. This reservoir shares its gas with the Aphrodite field in Cyprus. Our firm is accompanying the license holders in their appeal to the Ministers of Energy, Foreign Affairs, Justice, and Finance to secure their rights further to the agreement signed by the Aphrodite license holders with the Cypriot government.
November 6, 2019
The Fine Print of Terms of Use
The United States Court of Appeals for the Ninth Circuit (in California) recently held that the scraping of data from public websites without any prior consent is lawful, even if it contradicts the provisions of a website's terms of use.
October 23, 2019
Innovation Authority Grants - What to Know in Advance?

The Israel Innovation Authority runs a series of programs that support entrepreneurs and companies in the various business stages. It is important to recognize the limitations the receipt of such funding from the Authority imposes upon a project.

 

September 26, 2019
Risk Management and the Latest Word on KYC and Preventing International Money Laundering
Together with Clifford Chance, we held a workshop for compliance officers and risk management department staff at Discount Bank and Bank Leumi. The workshop included discussions on money laundering enforcement trends, banks' obligations, and how to manage risk and provide service.
September 24, 2019
Article: Powerful Regulation Is Not the Way to Build a Stable and Functioning Market
In a Globes op-ed, Adv. Anat Even-Chen calls for cooperation between the Capital Market, Insurance and Savings Authority and the private market in order to create better regulation for fintech and financial services companies.
August 13, 2019
Barnea Represented ISS Global in the Disposition of Its Holdings in Israel
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.
August 8, 2019
Entities with Relatively Small Market Shares May Also Be Deemed Monopolies
Six months after the amendment to the Economic Competition Law took effect, the Competition Authority published its position regarding the circumstances in which even an entity with less than a 50% market share may be deemed a "monopoly holder."
July 29, 2019
Payment Apps Will Enter Small Businesses
Bank of Israel published a position paper with respect to the activity of banks' payment apps in the B2C market. The position paper is the conclusion of a long battle waged by credit card companies against the banks.
July 24, 2019
When the Privacy Watchdogs Bare Their Teeth
July 2019 brought an escalation in the enforcement of privacy infringements by companies around the world. These events underscore the trend that began with the GDPR taking effect and should lead any business entity coming across personal information.
July 14, 2019
Barnea Represented Bridgepoint in the Acquisition of Qualitest
Our firm represented the private equity group Bridgepoint in the acquisition of control in the Israeli software testing company Qualitest from Marlin Equity Partners for approx. USD 420 million.
July 10, 2019
The Israeli Payment Market Is Lagging Behind

The payment market in Israel and around the world is marching toward revolution. Still, Israel lags far behind compared to the rest of the world, and the rate of adopting innovation in the field of payment services is very slow.

July 7, 2019
Lecture on Israel Innovation Authority Grant Programs
Adv. Anat Even-Chen lectured to members of "The Library," the Tel Aviv Municipality's urban innovation space. The lecture focused on the Israel Innovation Authority's (IIA) grant programs and the various considerations entrepreneurs must take into account before applying for a grant from the IIA.
July 4, 2019
Article: The Israeli Payments Market Remains Behind
Adv. Anat Even-Chen, a partner and our regulation expert, published an article in Globes describing the advancement of the payments market in Israel and its opening up to competition. This move requires courageous measures by regulators - the Capital Market Authority and the Bank of Israel.
June 18, 2019
Barnea Represented Axcel in the Acquisition of Phase One
Our firm represented Axcel in the acquisition of Phase One from Silverfleet Capital. Axcel is a leading Nordic private equity firm focusing on mid-market companies. It has a broad base of both Nordic and international investors.
June 2, 2019
Event Invite: Privacy Regulations – Is Your Business Ready?
The entry into force of the GDPR and the Israeli information security regulations are undoubtedly among the most important legal events of recent years. Their impact on the activity of organizations and businesses concerns not only local companies but also any company wishing to operate in those jurisdictions. We invite you to attend an event where you will receive important instructions and tips on how to implement the obligations that apply to you.
May 23, 2019
An Investigation in Ireland Against Google: Privacy Infringement for the Purposes of Targeted Advertising
Adv. Anat Even-Chen in an interview for TheMarker in response to an investigation launched by the Irish Data Protection Commission against Google for violating the GDPR Regulations. According to Anat, the investigation focuses on the service of Internet advertising, and its findings may affect many companies around the world and in Israel, which operate in the field of Adtech.
March 20, 2019
Barnea Represented Danel Ltd. in the Acquisition of Levinger Group
Our firm represented Danel Ltd. in a deal to acquire 51% of Levinger Group. This marks a strategic move by Danel to expand into the private health field.
March 12, 2019
Hosting a Delegation of French Transport Companies
Our office hosted today a delegation of transport companies from the French government agency Business France. The delegation arrived in Israel for a series of meetings to gain familiarity with the local market.
March 10, 2019
How Phone Numbers Became a Dangerous Identification Device
Adv. Anat Even-Chen, our regulatory consulting partner, was interviewed by TheMarker on the growing reliance on phone numbers as a means of identity verification, a phenomenon that raises the risks associated with information security and privacy. "In order to give access to certain sensitivity actions, a person is required to verify that he is the one who should have access, by three factors," explains Anat, "something you know (password for example), something you have (like a telephone), and something that is part of you (biometric finger identity, for example). Israeli financial entities will not invest in this sector without pressure from the regulator—pressure that currently does not exist. "
February 27, 2019
Event Invite: The Impact on Your Business of New Amendments to the Restrictive Trade Practices Law
Our firm is holding a seminar on March 18 about the ways in which recent amendments to the Restrictive Trade Practices Law meet the daily needs of a corporation and its officers. A representative from the Israel Competition Authority will also take part.
January 22, 2019
Event Invite: The Legal Advisor's Role When Dealing with a Company in Crisis
Together with the Association of Corporate Counsels, we are holding on February 6th a seminar on the legal advisor's role when a company is in crisis. The seminar will feature a simulation of a multi-crisis event, with participants focusing on managing the crisis opposite regulators, media, business partners, and employees.
January 8, 2019
Amendment to the Israeli Restrictive Trade Practices Law
On January 1, 2019, Israel's parliament approved an amendment to the Restrictive Trade Practices Law. This amendment seeks to deepen and focus the Antitrust Authority’s efforts to prevent activities posing potential harm to competition and to the public.
January 1, 2019
Amendment to Hazardous Drugs Ordinance Promotes Regulation in Cannabis Market
On December 25, 2018, the Israeli parliament approved the second and third readings of an amendment to the Hazardous Drugs Ordinance (Delegation of Supervisory and Enforcement Authorities Relating to Cannabis for Medicinal and Research Purposes).
December 20, 2018
Update to Block Exemptions for Joint Ventures and Restraints Ancillary to Mergers
Two important block exemptions have been updated recently: the exemption for joint ventures and the exemption for restraints ancillary to mergers. The amendments transfer the examination of the intensity of the harm to competition deriving from these arrangements from the Israel Antitrust Authority to the business sector.
December 6, 2018
Email Addresses Considered “Personal Information” Pursuant to Israeli Privacy Protection Law
The Israeli Privacy Protection Authority (PPA) recently published a pronouncement whereby a collection of email addresses and the names of their owners also constitutes a database.
November 5, 2018
Tax Policy Could Undermine Israel’s IP Outreach
Adv. Anat Even-Chen was interviewed by Bloomberg BNA following the implementation of new rules regarding the licensing of IIA-funded know-how for use by multinational corporations outside of Israel.
October 16, 2018
Hosting a Delegation of French Companies from the Aerospace Industry
Barnea hosted today a French delegation of major aerospace companies. The delegation's participants came to Israel to initiate commercial partnerships and technological cooperation with their Israeli counterparts.
September 17, 2018
Israel’s Innovation Authority Issues New Know-How Licensing Rules for Multinational Corporations
Israel’s Innovation Authority (the IIA, formerly the Office of the Chief Scientist) has issued new rules regarding the licensing of IIA-funded know-how for use by multinational corporations outside of Israel.
August 13, 2018
Increasing Privacy Protection Enforcement
Over the last few days, the Privacy Protection Authority has begun sending in-depth questionnaires to various business entities for the purpose of examining these entities’ compliance with the Privacy Protection Regulations (Data Security) that came into effect on May 8, 2018.
July 26, 2018
P2P Lending Platforms Will Be Allowed to Provide Loans from Their Nostro Accounts
In July 2018, the Commissioner of the Capital Market, Insurance and Savings Authority published draft guidelines that will enable P2P lending platform operators to operate a system that offers loans from their own nostro accounts.
July 23, 2018
Competition in the Communications Market and Preventing Margin Squeeze

Recently, the Ministry of Communications ordered Bezeq to begin implementing a “wholesale market” and selling its competitors access to telephony infrastructure at a regulated price. The objective of this directive is to expand competition in the fixed-line telephone market and to establish a separation between the infrastructure market and the communications services being purchased by consumers.

June 6, 2018
Control of Financial Asset Services – Update
Moments before the new supervisory regime over financial asset service providers came into effect on June 1, 2018, the Minister of Finance signed an order postponing the effective date until the earlier of the following: October 1, 2018, or the issue date of the Prohibition on Money Laundering Order that addresses financial asset service providers.
May 31, 2018
Financial Services Law Postponed
Adv. Anat Even-Chen gave several media interviews (in Heb) following the Knesset Finance Committee's decision to postpone the entry into force of the Financial Services Law. This law was supposed to regulate the trading of digital currencies for the first time.
May 23, 2018
Anti-Spam Law to Be Expanded – Prohibition on Soliciting a Return Call
Recently, the Knesset approved a private bill that expands the scope of the “Spam Law.” The amendment is aimed at preventing the phenomenon whereby messages not necessarily commercial in nature are being sent to the general public, mainly through a robo-call system. 
May 17, 2018
Is It Mandatory for My Business to Be Licensed as a Financial Asset Service Provider?

On June 1, 2018, another central part of the regulatory reforms under the Control of Financial Services Law (Regulated Financial Services) will come in effect. This part addresses the activities of financial asset service providers.

April 11, 2018
Apple Israel CEO Questioned by the Consumer Protection Authority
Adv. Anat Even-Chen was interviewed by several local newspapers following the investigation of Apple Israel's CEO by the Consumer Protection and Fair Trade Authority. It is suspected that Apple Israel did not disclose material information to consumers about the slowdown in updated versions of its cellular phones.
April 8, 2018
Law Reducing the Use of Cash
The Knesset recently approved the Law for the Reduction in the Use of Cash. This law imposes bans and restrictions on the making and receiving of payments using cash and checks at the sums therein prescribed.
March 27, 2018
Barnea Represented Cellebrite in the Sale of the Mobilogy Division to a US Fund
Our firm represented Cellebrite in the sale of the Mobilogy Division to the American ESW Capital Fund. The Mobilogy division, which operates as a separate brand, offers technological solutions for operators, retailers and aftermarket  that enhance the customer experience in-store beyond.
March 25, 2018
Fintech and Privacy

It goes without saying that technological advancement has come with a slew of risks attached. This is particularly true where financial technology (fintech) is concerned. With large-scale data breaches occurring at regular intervals and with greater frequency, fintech and data privacy are being put to the test.

February 19, 2018
Supervision of Service Providers Engaging in Digital Currencies
While some uncertainty exists with regard to the regulatory regime that applies to public offerings of digital coins (ICOs), in the area of services related to digital currencies, regulations are expected to come into effect on June 1, 2018, within the scope of the Control of Financial Services Law.
January 17, 2018
Developments in the Relations between Banks and Fintech Companies
The Tel Aviv District Court recently issued its ruling in a proceeding that has been underway for several months. The proceeding concerns a fintech company who filed a motion for an injunction that would prevent a bank from unilaterally modifying the terms and conditions for the fintech company’s bank account.
December 11, 2017
Accessibility of Websites and Applications

Adv. Anat Even-Chen lectures on the accessibility of online services. She discusses for whom the regulations apply, the guidelines and what is required to be accessible, who is liable legally, the sanctions prescribed in the regulations, and the most important ones to implement.

 

December 11, 2017
Barnea & Co. Represented EXO Technologies in Acquisition by Lear
Barnea represented Israeli startup EXO Technologies, a developer of GPS technology for autonomous and connected vehicle applications, in its acquisition by the American corporation Lear.
November 28, 2017
Seminar on Data Protection and Privacy
Barnea is hosting today another round of lectures for startups and entrepreneurs on the subject of data protection and privacy. Also to be discussed is the obligation of accessibility on the Internet. In addition, the seminar will feature a guest lecture from the Israeli Digital Organization.
November 1, 2017
Barnea & Co. represents HP in its acquisition of Samsung Electronics Co. Printer Business
HP Inc. completed its acquisition of Samsung Electronics Co., Ltd.’s printer business in a deal valued at $1.05 billion. HP Inc. was represented by Barnea
August 29, 2017
Fair Lending Law Finally Approved
The Knesset recently approved Amendment No. 5 to the Regulation of Nonbank Loans Law, which is now called the Fair Lending Law. This comes after years of deliberations and in the long wake of recommendations submitted in 2013 to increase competition in the banking system.
July 31, 2017
New Lending Platform Regulations
Recently, the Knesset approved an amendment to the Supervision of Financial Services Law, which regulates the activities of online lending platforms that broker between people and businesses under a peer-to-peer (P2P) model.
May 16, 2017
The Israel Innovation Authority Issues New Directives regarding Royalty Payments and Know-How Transfers
The Israel Innovation Authority (IIA) announced last week that it issued new directives regarding royalty payments and know-how transfer. These are the first significant directives to be issued by the IIA since it was established in January 2016 and the activities of the Chief Scientist were transferred to it.
January 24, 2017
Draft Legislation Permitting Corporations to Obtain Loans Through Crowdfunding
Last week, the Israel Securities Authority published draft legislation for public comments that will permit corporations to obtain loans through crowdfunding with an exemption from the prospectus requirement.
January 4, 2017
Barnea & Co. Represented GBI Racing before the Knesset Reform Committee
Barnea is representing GBI Racing, a British company which provides betting services to Toto (the Israel Sports Betting Board). Adv. Zohar Lande participated in the Knesset Reform Committee meeting, which discussed the decision to cancel the permit given to Toto as proposed in the Economic Arrangements Law.
December 25, 2016
New Financial Services Law Establishes Mandatory Licensing Requirement for Financial Service-Providers
The Law establishes a mandatory licensing requirement for financial service-providers – credit providers or providers of financial asset services. One of the main innovations in this Law is that Financial Services Providers will be subject, for the first time, to supervision by a new financial regulator. 
September 22, 2016
Barnea & Co. Represents GBI Racing
Adv. Zohar Lande, Head of the Litigation department at Barnea is representing GBI Racing, a British company which provides betting services to Toto (the Israel Sports Betting Board). The company applied to the Minister of Finance, Moshe Kahlon, to reconsider the decision to ban horse racing wagering, which was approved by a government committee chaired by treasury Director General, Shai Babad.  The company contends that it was never given the opportunity to present other data to the committee on its behalf.
August 24, 2016
New Financial Reforms
During July, the Knesset passed the Control of Financial Services (Regulated Financial Services) Law. The Law is a harbinger of efforts to regulate the provision of financial services that had not been supervised up until now, apart from certain aspects pertaining to money laundering and the Regulation of Nonbank Loans Law. The Law also unifies the handling of all matters relating to the regulation of these services under one roof.
June 19, 2016
Antitrust – New Amendments to Nine Block Exemptions
The Antitrust Commissioner intends to renew the validity and to amend nine block exemptions.
August 17, 2015
New R&D Law – More Flexibility in Supporting Technological Innovation
On July 29, 2015 the Knesset passed the 7th Amendment to the Encouragement of Research and Development in the Industry Law. The purpose of the amendment is to allow the State of Israel to effectively and efficiently continue its support of the various companies which promote technological innovation and address the current challenges this industry faces in light of the importance of the high tech industry to the Israeli economy.
September 3, 2013
Barnea & Co. is growing
Barnea continues its expansion. The firm has recruited three new attorneys that will work in the firm’s commercial department – Adv.  Ilan Blumenfeld, Adv.  Anat Even Chen and Adv. Karin Kashi. The firm now comprises of a team of 35 lawyers.
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