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Daniel Kleinman Insights & News / 

July 5, 2021

Shapir Group Acquires Engineering Company Lipsker for NIS 32 Million

Micky Barnea, Ilan Blumenfeld, and Daniel Kleinman represented Lipsker, an Israeli company that specializes in performing geotechnical work, in its sale to Shapir Engineering and Industry, Israel's leading company in the construction, development, and infrastructure fields. Our legal services include antitrust aspects. The value of the transaction is approximately NIS 32 million.
Categories: Mergers and Acquisitions

November 24, 2020

Second Phase of Financial Assistance Grants for Third Sector Kicks Off

Several days ago, the second phase of financial assistance grants for third-sector companies kicked off. Compared to the first phase, the size of a company's revenue for grant eligibility was expanded, as were the period of harm and the maximum assistance threshold.

May 10, 2020

Israel: Aid Measures for Third-Sector Organizations and Civil Society

As part of its effort to deal with the coronavirus crisis, the Social Services Division of the Accountant General’s Department at the Israeli Ministry of Finance recently released an aid package for the benefit of third-sector organizations.

November 6, 2019

Barnea Representing Azrieli Group in Sale of Supergas Holdings

Our firm represented Azrieli Group in the sale of its holdings in Supergas to Elco Group for NIS 820 million. Azrieli was represented by Advs. Micky Barnea, Ilan Blumenfeld, Sagi Gross and Daniel Kleinman.
Categories: Corporate | Mergers and Acquisitions

July 29, 2019

Barnea Representing Azrieli Group in Sale of Holdings in Supergas

Our firm represented Azrieli Group in the sale of its holdings in Supergas to Elco Group for NIS 1 billion. Azrieli was represented by Advs. Micky Barnea, Yuval Lazi, Ilan Blumenfeld, Sagi Gross and Daniel Kleinman.
Categories: Corporate | Mergers and Acquisitions

May 27, 2019

Israeli Registrar of Amutot Presents a New Policy – Certificate of Proper Management Valid for Two Years

The Israeli Registrar of Amutot and Dedications has changed its policy on the granting of certificates of proper management to Amutot and public benefit companies (PBC). From now on, any Amutot and PBC that meets particular criteria will be entitled to receive a certificate of proper management valid for two years, instead of for one year, as was the case until now.

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.
Categories: Corporate | Mergers and Acquisitions

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 5, 2018

Significant News for Third-Sector Organizations (NPOs) - Direct Saving of Millions Following a Dramatic Reduction in the Regulatory and Bureaucratic Burden

Recently, after a considerable number of meetings and discussions were held between representatives of third-sector organizations and representatives of a number of authorities, led by the Prime Minister’s Office, the inter-ministerial committee tasked with easing the regulatory burden on Amutot and PBCs published a report of its conclusions.

June 5, 2018

Justice Ministry Seeks to Empower Registrar to Strike Companies from Companies Register

The Ministry of Justice recently published a new memorandum regarding an amendment to the Companies Law. This amendment seeks to authorize the Registrar of Companies to administratively strike off a company from the Companies Register.

February 18, 2018

Terminating an Ongoing Transaction Puts an End to Advertisements

On February 2018, the Knesset passed Amendment 66 to the Communications Law. The legislative amendment, colloquially known as "the Spam Law", prescribes that when an ongoing transaction is terminated, a dealer will be prevented from continuing to send advertisements to the former customer, even without the consumer being required to send notice that he is opting out.

January 16, 2018

Increasing Competition and Reducing Inequality between Israeli and Foreign E-Commerce Websites

Online shopping websites not owned by Israelis, or whose owners have no registered representation in Israel (even if the website is offered in Hebrew), tend to enjoy a significant advantage over Israeli-owned websites. Namely, these foreign-owned websites operate according to the perception that they are not subject to the provisions of the Israeli Consumer Protection Law.

October 10, 2017

Ministry of Economics and Industry Seeks to Impose Restrictions on Telemarketing

The Ministry of Economics and Industry recently published a draft bill for an amendment to the Consumer Protection Law. This draft bill proposes placing restrictions on telemarketing.

July 25, 2017

Barnea & Co. represented Industries Centers EOD in the acquisition of control by US company ADM

The acquisition of control by US company ADM of Israeli company Industries Centers EOD—which imports and markets animal feed, processes seeds, and stores emergency inventory for the state—has been completed. The company was represented by Advs. Micky Barnea, Yuval Lazi, Ilan Blumenfeld, Daniel Lorber, Sagi Gross, and Daniel Kleinman.
Categories: Corporate

December 21, 2016

Foreign Corporations Also Have No Immunity – Organizing a Restrictive Arrangement is Liable to Lead to Criminal Sanctions

A restrictive arrangement organized between an Israeli corporation and a foreign corporation, which results in significant harm to the competition in the Israeli market, is subject to the Israeli Restrictive Trade Practices Law.

December 13, 2016

Restrictive Arrangement in an Agreement May Possibly Lead to Nullification of the Entire Agreement

District Court rules that an unlawful restrictive provision can lead to cancellation of a 40 years agreement.
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