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Entrepreneurship: Tal Freilich Hai Lectured at Tel Aviv University's Entrepreneurship Center
Tal Freilich Hai spoke to participants of Tel Aviv University's "Yazamiyot - Female Entrepreneurs on Campus" program about core legal concepts in the world of entrepreneurship and startups.
Representing One Peak in USD 100 Million Financing Round
Simon Jaffa, Yuval Lazi, Mayer Winkler, Tal Freilich, Nofar Rose David, and Dana Ben Yehuda from our firm's Corporate Department represented UK-based investment management firm One Peak Partners in its investment in Coro, an Israeli cybersecurity startup.
2022: Trends in Israeli and International Privacy Regulations
2022 saw significant regulatory developments in the field of privacy protection in Israel and throughout the world. These developments directly affect companies whose business activities in Israel and internationally involve the collection and processing of personal information.
New Israeli Privacy Protection Regulations for European Citizens’ Data
New privacy protection regulations drafted by the Israeli Ministry of Justice will obligate Israeli entities to protect data reaching Israel from the European Economic Area, i.e., from EU member states and Iceland, Norway, and Liechtenstein.
Can Israeli Employers Request Medical Information during the Hiring Process?
The Israeli Privacy Protection Authority recently published a document presenting its position and recommendations on the privacy protection aspects pertinent to waivers of medical confidentiality and disclosures of medical information during the hiring process.
How to Maintain Patient Privacy when Digitally Transferring Medical Information
The Israeli Privacy Protection Authority has published a document containing a series of recommendations that address the use of ordinary and non-designated applications for sharing information among a variety of parties.
Israel Declares Independence of Privacy Protection Authority in Ministry of Justice
This declaration will help to maintain the European Union’s continuing recognition of the State of Israel as a country whose data protection laws are on par with the European Data Protection Regulation.
Real-Time Reporting of Major Data Breach Events
The Israeli Privacy Protection Authority issues instructions to report data breach events or concerns of data breach events immediately.
Representing the NFT GameChain in Its USD 24 Million A Round
We represented the Israeli crypto and NFT startup GameChain (UnCaged Studio) in raising USD 24 million as part of a series A round.
The round was led by Griffin Gaming Partners and was joined by Vgames, Maverick Ventures Israel, MaxStealth, Drive by DraftKings, and 6th Man Ventures.
Zvi Gabbay, Ariella Dreyfuss, Andrey Yanai and Tal Freilich provided representation in the transaction.
Barnea Representing Entrepreneur in Conflict over Cannabis Growing Venture in Golan Heights
Eyal Nachshon and Shachar Rothschild represented the entrepreneur and businessman Tomer Solomon against his former partners Uri Amitai, Nir Pelter, and Nadav Segal in a lawsuit over the rights to shares in a cannabis company founded by Solomon. After a hearing on the allegations, the court ruled Solomon was illegally deprived of his holdings, in violation of agreements with him. Therefore, the court ordered the enforcement of the agreements and the return of his holdings in the venture.
Barnea Represents Azrieli in Data Center Acquisition
We represented Azrieli Group in the acquisition of a London data center operator for GBP 52 million. The acquisition is part of Azrieli's expansion in the data center sector. Ariella Dreyfuss, Mayer Winkler, and Tal Freilich provided representation in the transaction.
Everything Beginner Entrepreneurs Need to Know: Tal Freilich Hai Lectures at Aspire Pre-Accelerator
Aspire is a program of Azrieli College, intended for women entrepreneurs making their first steps in the business world. Adv. Tal Freilich Hai lectured to program participants on founders’ agreements.
Warburg Pincus Leads Funding Round in Israeli Digital Health Startup MDClone
We were delighted to represent the global private equity firm Warburg Pincus in its investment in the Israeli Healthcare Data Analysis company MDClone.
Advs. Ariella Dreyfuss, Tal Freilich and Anat Even-Chen advised on this transaction.
Websites Roll Out November Deals – Tips for Safer Shopping Online
November brings with it a variety of online shopping deals and promotions. Before making a purchase, it is important to know which products are tax-exempt, which sites to buy from, and what warning lights should not be ignored. Adv. Karin Kashi, coordinator of our firm’s privacy practice, addresses the issue in an interview with Ynet.
How Can China’s New Privacy Protection Law Affect Your Business?
On November 1, 2021, the new Chinese Personal Information Protection Law (PIPL) will come into effect. This law is modeled after the well-known European General Data Protection Regulation (GDPR).
Like the GDPR, the PIPL will apply not only to Chinese organizations, but also to any organization processing the personal information of people located in China.
Therefore, any organization that collects data from China must comply with this new law or risk suffering the consequences.
Representing Reef Technology in Acquisition of Israeli Startup Bond
We advised Reef Technology, one of the largest operators of mobility, logistics hubs, and neighborhood kitchens in the United States, on its acquisition of the Israeli logistics startup Bond, which was initially founded as Shookit, a direct-to-consumer grocery startup that delivered fresh produce to clients in the city within hours. The deal was led by Advs. Michael Barnea, Ariella Dreyfuss, and Tal Freilich. Netta Bromberg advised on the employment side. Harel Perlmutter and Hanna Daher advised on the tax side. Anat Even-Chen advised on data privacy and security and other regulatory matters.
Israeli Privacy Protection Authority Publishes New Statement Concerning Location Data in Workplaces
There has been an uptrend in recent years of employers using a variety of technological tools to supervise their employees and oversee the quality of their work. The use of these tools has become more prevalent due to the shift of many organizations to working from home last year.
Europe: Amazon Slapped with Record-Breaking Privacy Fine
E-commerce giant Amazon reported in its financial statements at the end of last month that the Luxembourg data protection authority had imposed on it a fine totaling EUR 746 million. The fine appears to have been laid on Amazon for its use of users’ personal data for targeted advertising, in violation of the EU’s General Data Protection Regulation (GDPR).
Basic concepts in the world of entrepreneurship
Tal Freilich lectured as part of a program for novice female entrepreneurs at the Tel Aviv University Entrepreneurship Center, which aims to provide a set of tools to female entrepreneurs at the beginning of their careers. Tal lectured on some of the most important basic concepts in the world of entrepreneurship.
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.
Employers: It’s Time to Protect Employee Privacy
Until recently, companies have focused their privacy policies on customers and suppliers, but have not placed enough emphasis on the privacy of their employees. We are now seeing a trend reversal, as employees are beginning to understand that an organization cannot do what it wants with their information and that there are legal limitations to collecting information about them. Organizations must now be more careful with employees’ privacy and this is how to do it.
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.
H&M Fined EUR 35 Million for Violating Employee Privacy in Germany
In early October, the Data Protection Authority in Hamburg, Germany announced that the clothing retailer H&M committed severe violations of its employees' privacy. Because of these European General Data Protection Regulations (GDPR) violations, the retailer would pay a fine of approximately 35 million euros.
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.
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.
Considering an M&A Transaction? Don’t Forget to Conduct Privacy Due Diligence
In light of heightened privacy enforcement in Israel and around the world, companies entering into merger and acquisition transactions should include privacy aspects in their due diligence.
First-Time Fine Imposed for GDPR Violations Involving Employee Data Breach
The Hellenic Data Protection Authority (HDPA) recently imposed a EUR 150,000 fine on the international consulting firm PwC for its violations of the new European data protection regulations (the General Data Protection Regulations, or GDPR).
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.
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.
Key Principles for Writing an Effective Website Privacy Policy
In order for a privacy policy to give you the legal protection you need, it should be written effectively. Here are a few key principles to keep in mind when writing a privacy policy for your website.
Glossary for Beginners in the World of Digital Currency
Do you keep hearing people talk about blockchain, bitcoins, and ICOs with no idea what they mean? – Here’s a short glossary to help you understand what the fuss is all about.
Why the World of Mergers and Acquisitions is Changing in The Big Data Era
Adv. Karin Kashi from Barnea, in an article for "People and Computers" about the changes that startups need to make in relation to their privacy aspects and the expected impact on merger and acquisition deals.
Barnea & Co. Represented Stride Gaming PLC
Adv. Karin Kashi of Barnea represented Stride Gaming PLC, an online Bingo operator traded on AIM, London, in a major transaction recently. The Stride group acquired the assets and shares of Tarco Limited and Netboost Media Limited for consideration of up to GBP 40.2 million. GBP 22 million of the amount will be paid in accordance with the 2017 EBITDA of the acquired businesses.
Barnea & Co represented Covercy
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
Barnea & Co. represented Avgol Industries 1953 Ltd.
The firm represented AVGOL Industries 1953 Ltd. in their issuance of a new series of debentures (Series C) in the amount of NIS 502 million. This is one of the largest financing rounds made this year on the Tel Aviv Stock Exchange and its aims are to replace existing financial debt, and to finance ongoing investment activities and operations of the Company. AVGOL Industries is a global technology company, a world leader in the development, manufacture, and marketing of nonwoven fabrics, especially diapers and hygiene products, and its customers include large companies such as Procter & Gamble and Kimberly-Clark. The Company's shares are traded on the Tel Aviv 100 index. To read more, please click here
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.