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April 28, 2022

Victory in Lawsuit against Shavei Israel NPO

The Tel Aviv District Court ruled the non-profit organization Shavei Israel had operated improperly for two decades in reporting to the Registrar of Associations that Ms. Sarah Green was a member of the organization. Ms. Green’s ex-husband, the founder of the non-profit, was apparently falsifying her signature on documents submitted to the Registrar. Ms. Green was represented by Advs. Zohar Lande, Gal Livshits, Zohar Haim Levinger, and Naama Ben Arosh Moshe.
Categories: Litigation

April 25, 2022

Netta Bromberg in Ynet: Working on Israel’s Memorial and Independence Days

There are unique work regulations on Israel's Memorial Day and Independence Day. Netta Bromberg, partner and head of our Employment Department, details to Ynet the major ones related to overtime hours and missing work.
Categories: Employment

April 25, 2022

Everything Young Entrepreneurs Need to Know: Ido Freund Lectures at 5050 Pre-Accelerator

Ido Freund lectures at the 5050 pre-accelerator sponsored by Azrieli College and Northeastern University to promote technological projects and Israeli- Palestinian cooperation.
Categories: High Tech | Start Ups

April 14, 2022

Migdal Group invests in Scandinavian energy

Migdal Group has invested, together with other partnerships, in the alternative energy projects of Fu-Gen AG and Fu-Gen Assets 4 AB. Firm partners Micky Barnea, Ariella Dreyfuss, and Roy Engel advised on the NIS 1 billion investment.

April 13, 2022

Boards of Directors and Geopolitical Risks – Niv Polani Op-Ed in Calcalist

Global economic strength is adversely affected by geopolitical risks. Corporations have a duty to be prepared. Click to read Niv Polani’s Calcalist op-ed.
Categories: Banking & Finance | Regulation

April 10, 2022

The Role of a Court-Appointed Observer at the Board Table

Dr. Zvi Gabbay participated in a "Zichlinskey Hosts" meeting held by SRI Global Group together with the Israel Directors Union.
Categories: Capital Markets | Financial Regulation | Ongoing Counsel | Regulation

April 6, 2022

Representing Amir Birman before Supreme Court

Advs. Hadar Israeli, Eran Elharar, and Shir Rozenzweig represented Amir Birman, one of the directors of Keren Or, in a sentencing appeal. The Supreme Court significantly reduced his sentence and granted him permission to appeal to Israel’s President for a pardon.
Categories: Litigation | White Collar

April 5, 2022

Barnea: Representing Kibbutz Shefayim and Yad Hana in Transaction to Sell Land Designated for Logistics Complex

Mivna Group has acquired 50% of the shares of the Yad Hana Homesh Industries Cooperative Association for ILS 140 million. The parties intend to jointly establish an innovative logistics center in a total built-up area of about 100,000 square meters. The client was represented by Advs. Ilan Blumenfeld, Maya Zisser, and Gal Ben David.
Categories: Corporate | Real Estate

April 4, 2022

Irit Brodsky Featured in Globes Article on Dramatic Changes to Merger Announcements

New Israel Competition Authority regulations impose a heavier reporting obligation on companies seeking to merge. These new regulations have many possible consequences, for better or worse. Firm partner Irit Brodsky discusses the changes in an in-depth article by Globes on the subject.
Categories: Competition Law and Antitrust | Regulation

March 29, 2022

Representing Menora Mivtachim in Acquisition of Nisko Shares

Our firm represented Menora Mivtachim Insurance Ltd., Shomera Insurance Company Ld., and Menora Pension and Provident Ltd. in a transaction to purchase 15% of Nisko Group's shares for NIS 180 million. Advs. Ilan Blumenfeld and Dor Levi-Tam advised on the transaction.
Categories: Corporate | Mergers and Acquisitions

March 28, 2022

Representing Granite CEO Accused of Fraud

The Israel Securities Authority arrested and released under restrictive conditions the CEO of Granite Securities Portfolio Management. He is suspected of fraudulently receiving loans from the company's clients, presenting false representations regarding the loans, and presenting false representations of providing investment advice in accordance with the law, at a scale of NIS 6.5 million. The client is represented by firm partner Hadar Israeli.
Categories: White Collar

March 27, 2022

Regulatory Activism Is Not the Proper Form of Enforcement

Globes has published an op-ed by Dr. Zvi Gabbay commenting on a statement made by a senior official at the Israel Securities Authority regarding the applicability of securities regulation on various types of alternative investments.
Categories: Capital Markets | Financial Regulation | Regulation

March 27, 2022

Secondary Violations and Other Issues – Amichai Cohen Op-Ed in Globes

Professor Amichai Cohen enumerates the sweeping effect of the sanctions regime against Russia, and details important points for businesspersons in Israel.
Categories: International Law

March 22, 2022

Representing Danel Group in Completion of Acquisition of Manor Medical

Advs. Micky Barnea, Ilan Blumenfeld, and Daniel Kleinman from our firm represented Danel Group in the acquisition of Manor Medical, which operates in the surrogacy, egg donation, and medical tourism fields. This transaction constitutes the completion of Danel’s acquisition of Manor Medical based on a NIS 100 million valuation.
Categories: Corporate | Mergers and Acquisitions

March 22, 2022

International Sanctions on Russia Have Significant Impact on Israeli Private Market

Many transactions in the Israeli market made in dollars also have to go through American banks at some point, and are therefore subject to the American sanctions regime. In an op-ed published by Dun’s 100 Calcalist, Amichai Cohen argues international sanctions against Russia have had a significant impact on the Israeli market, and it appears the time has come for the Israeli government to recognize this.

March 21, 2022

Hosting a Space Technology Delegation with Business France

Our firm hosted a delegation of French aerospace technology companies. Firm partners Samuel Henry Samuel and Harel Perlmutter discussed various aspects of entering the Israeli market.
Categories: High Tech

March 17, 2022

Russian Oligarchs’ Growing Interest in Israeli Real Estate

Liat Keisary, an expert in advising high-net-worth private clients, was interviewed by TheMarker about Russian oligarchs’ sudden interest in Israeli real estate. Liat detailed the difficulties these oligarchs now face in the wake of Russian sanctions in making payments and obtaining guarantees from banks in Israel.
Categories: Private Clients | Real Estate

March 13, 2022

Oligarchs, Sanctions, and Money Transfers - Harel Perlmutter in the Sunday Times

Is Israel a tax haven for Russian billionaires? Our firm's Harel Perlmutter and other experts shed light on what is happening.
Categories: Tax

March 10, 2022

Manpower Challenges and Existing Tech Solutions

Many organizations are facing manpower issues related to recruiting and retaining employees. This has led to a sharp rise in HR tech. Globes interviewed experts from the technology field, among them Adv. Daniel Lorber, a partner at our firm. Daniel noted there are a variety of solutions for existing challenges: artificial intelligence platforms that detect bias and discrimination against candidates or that know how to read employee work patterns, augmented reality technologies that allow candidates to “see inside” an organization before deciding to join, and tools that can warn a company about employee burnout or an employee’s intention to leave the company.
Categories: High Tech | Start Ups

March 9, 2022

The Gender Wage Gap – Netta Bromberg Interview in Globes

Our firm's labor law expert was interviewed by Globes on the entry into force of an amendment to the Equal Pay Law, which requires companies with at least 518 employees to publically disclose their wage gaps. Netta noted other methods for reducing the gender wage gap: "In New York, legislation has been passed ordering job ads to state the proposed salary for the position. This is a much better method. It assumes women negotiate less well than men for all sorts of reasons and that publishing the salary in advance will reduce discrimination."
Categories: Employment
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