Insights & News /  

Simon Jaffa Adv. and Ariella Dreyfuss Adv. represented The Jeremy Coller Foundation in its donation of up to USD 50 million to the Tel Aviv University for its School of Management.

Micky Barnea will deliver a lecture to entrepreneurs tonight at TRI/O (Tech Entrepreneurship Hub) at Kfar Quasim, on investment agreements. TRI/O is a collaboration of three entities:  Tsofen, an Arab-Jewish organization promoting the integration of Israel’s Arab citizens into the hi-tech industry, MIT Enterprise Forum and MEPI - Middle East Partnership Initiative , a USA fund that offers assistance, training, and support to groups and individuals striving to create positive change in Israeli society.

Yuval Lazi will lecture (May 16, from 6:00 PM to 9:00 PM) at the Google Campus Startup School for entrepreneurs on 10 Annoying Legal Mistakes of Early Stage Start Ups as well as the advantages of Founders' Agreements.

Google Campus is part of a global network including Campus Tel Aviv and Campus London.

How  options are being used as a tool to solve the problem for start-ups of recruiting, remunerating, incentivizing and retaining quality employees.

Daniel Lorber, head of the firm’s Employee Benefits and Executive Compensation team,  published an article in the IDC Legal Clinic for Start-ups website.

In the article, Daniel  reviews the basic concepts of options and discusses how to adopt a stock option plan and the possible routes  available for the company.

Barnea represented Azrieli Group in its acquisition of the eCommerce platform and activities of Buy 2 Networks Inc., a public company traded on the TASE. The acquired platform and activities  provide an eCommerce platform for consumers to purchase a wide range of products.

The acquisition price is NIS 70 million. Azrieli was represented by Micky Barnea.

An article by Adv. Zvi Gabbay that critiques the Israeli SEC's staff position paper it issued and which details actions which may be considered as "Trading Fraud".

A short comparative review which was mentioned in the article indicates that the Israeli SEC’s staff position paper is problematic, hence it does not provide clear guidelines to the players involved in trading.

Similar positions issued in other countries lean towards providing guiding principles, as opposed to a detailed specific list of actions, as indicating fraudulent trading.

The high-tech sector is concerned about the impending passing of legislation which would effectively further restrict the salaries payable to executives in the financial sector. The concern is that this legislation could be extended to apply all types of listed companies , including Israeli high-tech companies listed on venture capital markets abroad. Micky Barnea, as an experienced lawyer in the high-tech field, was interviewed by TheMarker

Barnea represented East and West Stores Ltd, a leading importer of foods into Israel from the Far East,  in a dispute concerning the use of the trade name "East and West" and its trademarks.

Following an appeal to the Supreme Court filed by our litigation department,  the ruling made against the Company by the District Court ,which prohibited the Company from using the trade name "East and West" in some markets, was reversed (our firm was not involved in the District Court action).

The Supreme Court  also reversed the contempt of court ruling issued against the Company.

East and West Stores Ltd. was represented by Adv. Zohar Lande and Adv. Itai Wigoda. Adv. Ilan Blumenfeld assisted on the commercial aspects.

In an article on the best decorated offices, The Marker Real Estate magazine chose Barnea as having one of the most beautiful law firm offices.

Dr. Zvi Gabbay, who was previously head of administrative enforcement at the Israel Securities Authority, will be joining our firm with five lawyers from his team. Micky Barnea commented to Globes regarding this expansion "together we create integrated capabilities that can handle a variety of challenges that the world of public companies and financial regulation present".

Adv. Yuval Lazi will participate tomorrow as a judge at the final event of the Startau elite entrepreneurship program "demo day".

This program is a unique acceleration program intended for young entrepreneurs, whose involvement in the program commences at concept stage. The program gives these young entrepreneurs the tools and knowledge to advance the concept to the point where it is ready for investment within three months.

Among the judges will be Samsung Venture Invesment, Krypton Venture Capital and Deutsce Telekom.

The Israeli newspaper TheMarker interviewed our head of internet department, to discuss the new guidelines issued by the Israeli Tax Authority, according to which shall begin collecting  VAT and income taxes from foreign companies which conduct substantial business over the internet in Israel, such as Facebook and Google.

The Legal Business magazine has dedicated its April edition to Israel, with a focus on current topics and trends in the country. Simon Jaffa was interviewed regarding Israel's high- tech industry.

Yesterday, the signing ceremony of the Share Purchase Agreement for the sale of Ahava Dead Sea Laboratories Ltd. to Fosun (China), for approximately NIS 290 million, was held in Jerusalem. Micky Barnea, Ariella Dreyfuss and Itay Gura from our firm represented Kibbutz Mitzpe Shalem, one of the selling shareholders.

A conversation with Ariel Nadler regarding purchasing groups and the pros and cons thereof.

As an expert in advising entrepreneurs, Yuval Lazi will be a mentor in an evening event involving 40 participants in the student entrepreneurship program at the University of Tel Aviv. The event will be held on Tuesday 05/04/16 at 6pm at Tel Aviv University

An article by Adv. Zvi Gabbay that examines the willingness of the Israeli SEC to sign an enforcement agreement without a confession with regards to the offence by a violator and without such violator taking responsibility for such offence.

Additionally, the article states that comparing the administrative enforcement with the criteria of criminal enforcement would not necessarily be overlapping, and one not should expect a correlation between them.

Moreover, the article compares both the Israeli enforcement agreement policy and the United States enforcement agreement policy. The conclusion is that enforcement agreements without confession are not illegitimate and the intervention in the SEC's judgement will be acceptable only when there is a fundamental flaw in the enforcement agreement. 

Barnea represented Continuity Software in a transaction for the sale of the company to Kedma Capital for an amount of NIS 160 million. Continuity Software is the leading provider of service availability risk management solutions.

Representing Continuity Software- Adv. Micky Barnea and Adv. Ariella Dreyfuss.
Adv. Yuval Lazi represented Kedma Capital.

In recent months the ISA has  stopped the activity of many algo-trading companies, because their businesses constitute investment portfolio management without a license required by law. In an opinion article in Bizportal,  Adv. Moran Bickel argues that the ISA should create a specific regulatory system in order to assess algo- trading companies.

In a letter circulated yesterday to companies engaged in the binary options industry, ISA informed these companies that it has decided to completely halt binary option trading in Israel.