Search by Practice
Insights & News /
Housing cabinet approves subsidized housing program
The housing cabinet, headed by Finance Minister Moshe Kahlon, confirmed yesterday a long series of decisions made by the cabinet, relating primarily to relief on property prices.
The Financial magazine, Globes, published comments by certain real estate experts regarding these measures. One of the experts, Maya Zisser, a partner in the real estate department of our firm commented that she doubted whether the promises made will be fulfilled.
How to sprinkle star dust of the high-tech industry on the TASE?
The Israeli corporate governance rules discourage technology companies from listing on the TASE. However, with some simple steps this all can be changed.
Israel's position as the Startup Nation is reflected in the fact that multiple local technology companies are listed on the US and London Stock Exchanges. However, the TASE has never managed to make itself an attractive target for Israeli high-tech companies. Thus, while many technology companies today prefer the purchase option of an initial public offering, such companies seeking to issue shares do not regard the TASE as an attractive or even relevant option. They prefer to turn to international exchanges.
Barnea & Co represented Blender
Israeli startup Blender announced today that it had raised $5 million from Blumberg Capital. The company has raised $3.5 million since it was founded, not including the current round.
Banking & Finance 2015
Corporate Live Wire held a Banking & Finance Roundtable with experts from around the world, including Simon Jaffa. The international experts examined the recent regulatory changes and developments in each expert's respective jurisdiction.
New Requirements Increase Risks for Directors
Does the new summary report which was published by the Israel Securities Authority on the subjects of dividend distributions and buy-backs of shares, place high barriers to the ability of boards of directors to pass future resolutions?
Could Plus500’s Anti Money Laundering problems prejudice future Listings by Online Trading Companies?
Employment of youths in the summer vacation
As an expert in Labor law, Marie Tsion was interviewed in the economic section of "Yedioth Ahronot" regarding the employment of youths in the summer vacation. Marie elaborated on the relevant requirements for an employer who decides to hire youths.
New affidavit supports Tisch's WhiteWater claim
Globes has revealed an affidavit by Dror Picard which is part of the dispute between the shareholders of Whitewater Water Technologies, which is in receivership with creditors owed about NIS 19 million.
In the affidavit, Mr. Dror Picard states that Hana Gertler admitted that Uri Yogev had deceived her as well, thereby inducing her to invest in Whitewater.
The claimant in the action, Benny Tisch, is represented by Barnea Tisch is claiming that Whitewater and Yogev made false representations and acted fraudulently, causing him to invest millions in Whitewater Holdings.
Johnson Matthey buys Israel packaging co StePac
StePac, which has developed and manufactured special packaging, has been sold to Johnson Matthey Investments for £18 million in cash by DS Smith, which owned all of StePac. Barnea represented DS Smith in the deal.
StartUp Open Israel is underway
Tadiran to acquire Supergas
Tadiran Holdings Ltd., controlled by Moshe Mamrod, is acquiring the gas distributor, Supergas, from Granite Hacarmel, a unit of Azrieli Group Ltd., for NIS 250 million. Micky Barnea and Ilan Blumenfeld represent Granite Hacarmel.
Exclusive Q&A On Banking & Finance With Simon Jaffa
As an Israeli expert in Banking & Finance, Adv. Simon Jaffa participated in a Q&A by the leading CorporateLivewire website. Simon reviewed the recent regulatory changes in the area, key trends expected to be seen over the coming year.
Barnea represents TDT Specialist SRL
Eli Reifman, former CEO of Emblaze, and managers at MCE Systems are being sued by a Romanian company,TDT Specialist SRL, for 63 NIS million. TDT is represented by Adv. Zohar Lande and Adv. Gal Livshits.
Barnea & Co. hosted a delegation from Peru
Is the online financial trading industry part of Israeli high-tech?
Top FX figures meet venture capital firms in Tel Aviv: Is the age of funding here?
Senior industry figures from a host of FX companies met top venture capital investors in Tel Aviv, Israel today at the conference hosted by Barnea and the IVC. To read more, please click here
The birthday of her Majesty Queen Elizabeth II
Joint interview – Micky Barnea and IVC CEO - Mr Koby Simana
Micky Barnea, managing partner of Barnea, and Koby Simana, CEO of IVC Online, in a joint interview focused on the area of financial trading platforms. In the interview Micky discusses the effects of the new Israeli regulations pertaining to the activities of trading platforms. These regulations will come into effect on May 26, 2015.
"Voluntary retirement plans": what the employee needs to know
Last week Teva and Cellcom announced voluntary retirement plans for certain employees. Teva offers early retirement to 200 employees. The plan includes a retirement package on particularly beneficial terms, markedly higher than what prevails in the market.
Cellcom offers every employee with 30 months or more of seniority the possibility to terminate his work at the group, with a substantial economic parachute in the form of especially generous retirement terms. The plan includes an attractive basket of benefits with a limited number of places.
Starting now and during an entire month, all company employees meeting the seniority criterion can submit a request to management for inclusion in the plan.
Following those offers, Marie Tsion was interviewed by Globes and discussed the influence of workers' committees: "Once there is a worker's committee and convergence of interests - a voluntary retirement plan is the best solution. An Employer understands that in this way it will achieve maximum results and pay less, eventually. If the CEO feels he has a partner he will always prefer the dialogue ".
Legal Business: Israel 2015
The Legal Business magazine has dedicated its April edition to Israel, with a focus on current topics and trends in the country. Michael Barnea and Simon Jaffa were interviewed regarding Chinese interest in doing business in Israel. "In some respects because of the geopolitical limitation, there is less competition for certain deals. Investors may not face as much competition as businesses in the US and UK," says Barnea.