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Itay Gura and Inbar Katzir represented the startup Winn.AI in an initial funding round of USD 17 million. Winn.AI offers a real-time AI assistant that helps sales teams win more deals with less hassle through its innovative real-time tracking, capturing, and CRM updating features.

Harel Perlmutter, the head of our Tax Department, lectured this week to TAU Ventures, Tel Aviv University's venture capital fund for investments in startups. Harel addressed the advantages and disadvantages of preferred stock companies, employee compensation options, and other tax issues relevant to startups.

Zvi, an expert in the white-collar and criminal law field, was asked to participate in the Dun’s 100 forum for senior officials. He presented his thoughts on the legal system’s race to catch up to technology, crimes in the metaverse, and more. Additional information can be found in the Globes write-up.

Hagit Ross, a partner in our Capital Markets Department, and Gal Rozent, a partner in our Competition Department, participated today in a forum hosted by the Israel Association of Public Companies. They gave a joint lecture entitled, "Public Statements by Officers in Public Companies – Do's and Don'ts."  

Eyal Nachshon, a partner in our firm's Litigation Department, was interviewed by Globes about the lesser known aspects of the phenomenon known as "shrinkflation."

The import giant Diplomat has acquired control of the companies Naveh Pharma and Bigdam Ltd for NIS 96 million. Advs. Sagi Gross, Dor Levi-Tam, and Izabel Pashayev successfully represented the companies and their owners in the transaction.

Neve Pharma is engaged in the development, marketing, and sale of nutritional supplements, as well as medical accessories in the ENT field. Sixty-five percent of the company was recently sold to the public company Diplomat for NIS 81 million. Neve Pharma was represented by Sagi Gross, Dor Levi-Tam, and Izabel Pashayev in the transaction. 

The Israel Tax Authority announced a temporary solution for the problem of tax benefits in TAMA 38 projects. Our firm commented on the proposed solution.

Roy Engel and Yakov Vilenski represented Migdal in a NIS 130 million investment in one of the biggest infrastructure projects in Europe: the NeuConnect Interconnector. This project consists of a 725 km submarine power transmission line that will connect the English power grid with the German power grid for the first time. The investment agreement was signed with the French fund MIE III Co-Investment Fund II S.L.P.

Phoenix and More, two of three institutional bodies held by Megureit Israel, a residential real estate investment fund listed on the Tel Aviv Stock Exchange, sent the public company a letter demanding it disclose documents as a step before filing a derivative lawsuit against it. The basis of the letter is the claim that the extension of the agreement with the management company was carried out in a manner inconsistent with the rules of proper corporate governance and the provisions of the law, since approval of the general meeting was never received.

Advs. Zohar Lande, Adi Shoham and Tzofiya Shenfeld are representing Phoenix and More in this matter

Our firm is proud to announce the launch of "Barnea with You," a program aimed at supporting new parents at our firm. As part of this program, new mothers who remain on maternity leave longer than (the paid) 15 weeks will be entitled to a monetary grant from the office for each month of parental leave, up to a maximum of three months. Other benefits include five extra days of paternity leave at the company's expense and group activities for mothers on maternity leave. For more information, read the Globes article.

Advs. Zohar Lande and Liron Dahan submitted a motion to initiate insolvency proceedings and temporary operations on behalf of several cyber companies from Ability Group. Ability Group faces debts of approximately NIS 150 million.

Are the heirs of business owners entitled to inherit company shares in equal parts? Read the Globes interview with Micky Barnea, our firm's managing partner.

As part of Israel’s economic plan for 2021-2022, a major import reform came into effect in June. This reform aims to encourage competition between Israeli manufacturers by allowing cheaper imports of products from abroad. How will the reform work and who will benefit and lose from it? Read the op-ed by Prof. Amichai Cohen, the firm’s expert advisor on international legal issues, in the Jerusalem Post.

Following Judge Michal Agmon-Gonen’s ruling to drop certain charges from the indictment in the Bezeq securities case, Micky Barnea, the firm’s managing partner, was interviewed by Globes. Micky noted, “This ruling should not diminish the status of independent committees, but rather create order regarding them.”

 Advs. Eran Winner represented Shefayim Water Park in reaching a settlement agreement in the class action filed against it over alleged violations of Israel’s Prevention of Smoking in Public Places and Exposure to Smoking Law.

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.

Advs. Zohar Lande, Moran Bickel, Michael and Asaf Glasner are representing an American businessman in a NIS 20 million lawsuit against Moshe Hogeg, Adi Sheleg, Singulariteam, and additional defendants.

The plaintiff claims the defendants prompted him to invest in a cryptocurrency venture called Stox, which did not really exist, and fraudulently pocketed the investment funds.

Barnea represented Cibus Fund in an investment in Phytolon, a biotech company that develops fermentation-based natural food colors.

Last week, the Knesset approved Interior Minister Ayelet Shaked's new urban renewal plan in second and third readings.
The new plan will replace Tama 38, the national outline plan for strengthening existing structures against earthquakes.
What are the main points of the new urban renewal plan? How will it be implemented and until when can projects be promoted within the framework of Tama 38? Read Globe's new article.