Insights & News /  

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. 

In an opinion article in Calcalist Magazine by Adv.  Zohar Lande, Partner and Head of the Litigation Department in our office, he  discussed the latest changes in the process of hiring interns at law firms. According to Zohar, despite shortcoming in these changes, regulatory intervention is necessary.

Adv. Gal Oren was interviewed by the prominent Israeli business newspaper, Globes, for an article regarding  the financial opportunities to be found in countries suffering economic crises.

The prestigious Bloomberg BNA’s World Securities Law Report published  an article by Ron Shuhatovich discussing the recent order of the ISA regarding the accredited investor definition.

Our head of the employment department, was interviewed by Globes magazine (in Hebrew) regarding the raising of the retirement age for women "this move is important both for promoting gender equality and for the status of women in the labor market, but I believe that the Israeli labor market is not ready for it". 

As an expert in the technology field, Micky Barnea was invited to lecture at a unique course for entrepreneurs organized by the BDO Academy, in association with the Technion’s Division of Continuing Education. Micky discussed founders agreements and investment agreements.

We participated in a roundtable held by Globes IT magazine. The subject of the event was Internet law, Cyber Protection, Privacy Information and the effects of technology. (P. 28-29)

An article by Adv. Zvi Gabbay that discusses the need to examine Corporate Governance in terms of its substantiveness and not just through a procedural form. The article reviews the development of Corporate Governance from the time it was adopted in Israel in the mid-2000’s to the present and delineates general principles for further future developments, while highlighting the integration of tests of substantiveness that would allow the implementation of Corporate Governance in an optimal manner.

Azrieli College Of Engineering Jerusalem and AtoBe Start Up Accelerator will host an event on "How Share Options Help To Grow Your Start Up", in a partnership with Barnea and Excellence, on March 16, 2016. Micky Barnea will lecture at the event on Options for start-ups’ partners & employees.

As an expert in Real Estate, Adv. Ariel Nadler was interviewed by Bizportal magazine regarding the change in the Sale Law, approved this morning by the Israeli Government. Ariel commented- "the only thing that can hurt homebuyers is the reduction of the Sale Law guarantees given to buyers of apartments, by the amount of the VAT element. This means that in the event of the realization of the guarantee, where the purchaser has paid VAT funds, the return thereof to the buyer will not be guaranteed.’’

As part of our cooperation with MIT Enterprise Forum of Israel, our office will take part in an Angel's Investor workshop consisting of 6 meetings. Adv. Micky Barnea, Adv. Yuval Lazi and Adv Ariella Dreyfuss will lecture at the workshop.

In the last few years the Airbnb platform has become a significant player in the tourist market, with a user base growing at 40% at the last year. Thousands of Israelis rent out their apartments through Airbnb and earned an amount equivalent to a monthly salary. The ITA has (until now) not been proactive in enforcing the taxability of such income. 

Adv. Harel Perlmutter was interviewed for the Ynet website and spoke about the new tax rules that may change this trend.

Barnea is pleased to be hosting a seminar for employers on relocation on March 9, 2016. The seminar will take place at our offices. At the seminar we will discuss various aspects of the relocation process. Among the speakers will be Zvi Kan-Tor, partner at Kan-Tor & Acco, as well as Michal Daliot and Hanni Ben-Shimol from Relocation. The seminar is being held in cooperation with Kan-Tor & Acoo and Relocation office.

The British magazine "the Lawyer" published an extensive article about Israel's high- tech industry.

Several partners at leading law firms, including Simon Jaffa, were interviewed by the magazine and discussed the reasons which made Israel "the start-up nation" and about recent changes in the industry (P. 42-48).

On February 15, Petah Tikva Entrepreneurial Community, in association with StarTAU, the Entrepreneurship Center at Tel Aviv University, hosted a panel of investment experts, which included Adv. Daniel Lorber. Participants presented their business venture ideas to the panel.

Adv. Simon Jaffa, Adv. Ariella Dreyfuss, Adv. Itay Gura and Adv. Karin Kashi represented Covercy, a Fintech start up in the foreign exchange and remittance industry, in raising financing in a round led by SGVC