Insights & News

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.

We were interviewed on a financial radio program regarding the fate of a lawsuit when the plaintiff passes away. We explained that the lawsuit continues via the heirs or the estate manager, who enter the shoes of the deceased. (starting at min' 9.40)

Adv. Ilan Blumenfeld, a partner at Barnea, will serve on the judges' panel at the upcoming HIP presentation. The program’s entrepreneurs will present Ilan and the other mentors their ventures and receive feedback on how to improve them.

Adv. Zvi Gabbay's article deals with the ruling handed down by the Israeli Supreme Court at the end of December 2016, in the Bezeq case, in which the Supreme Court adopted the protection granted to decisions of the board of directors by applying the business judgment rule. The article seeks to examine whether this ruling achieved one of its main objectives—legal certainty.

RGE, represented by Adv. Zohar Lande, Ronen Reingold and Adi Shoham of Barnea, petitioned the High Court of Justice over the results of a tender concerning the operation of the new Knesset channel. It requested an interim order that would prevent the agreement with Channel 20, who had won the tender. In a hearing held today at the High Court of Justice, the interim order was issued, freezing the results of the tender.

Our firm is representing a former teaching assistant at the School of Business Administration at the College of Management in an application for a class action suit submitted to the Labor Court.

Adv. Itay Gura will lecture today on the topic of founders agreements at HIP - Heseg Innovators Program.

Michael Barnea, our Managing Partner, is participating today in a panel discussion on investment opportunities in Israel. The event is being held in London under the auspices of FDI Magazine, which is published by the Financial Times.

Barnea together with MarketingNV are hosting for the third time the exclusive event in the series for startup CEOs. Adv. Yuval Lazi will lecture on the topic of second round funding - key terms and mistakes to be avoided.

Roni Mana, represented by Adv. Zohar Lande and Gal Livshitz from the Litigation Department at Barnea, requested the court to order that Arena Star Group Ltd. pay brokerage fees for the sale of the Arena mall in Herzeliya. The Tel Aviv District Court today accepted Mana's request for a temporary foreclosure on the funds received by the company for the sale of the mall.

Micky Barnea, our Managing Partner, will lecture today at a Training Seminar of the Israel Bar Association on the management of a law firm.

Our Head of the Employment Department at Barnea, in an article for The Marker on the subject of youth employment during the summer vacation.

Barnea represented Johnson & Johnson in respect of its investment of USD 12 million in the startup, DayTwo, which provides personalized nutrition recommendations based on mapping and analyzing the composition of intestinal bacteria.

Barnea represented Avgol in the sale of its rights in the Barkan plant for NIS 52.5 million. Avgol is in the process of transfering its production center in Israel to Dimona.

Adv. Zohar Lande, Head of the Litigation Department at Barnea represented GBI Racing, the UK racing betting company, at a hearing before the Ministry of Finance, following the decision to cancel betting on horse racing in Israel.

Adv. Asaf Shalev will lecture today on the topics of founders agreements and IP at the Entrepreneurship Course of Startau, Tel Aviv University Entrepreneurship Center.

Barnea, in cooperation with the Israel Director Union, is hosting a seminar on the challenges and risks in the functions of a Board of Directors. Micky Barnea, our Managing Partner, will discuss the risks in the functions of the board of directors. Dr. Zvi Gabbay, Partner and Head of the Capital Markets Department, will deal with corporate governance and enforcement programs.

Adv. Daniel Lorber will serve today as a judge at the demo day of the BEE program, part of the Tel Aviv University entrepreneurship center.

Dr. Zvi Gabbay, Head of the Capital Markets and Financial Regulation Department at Barnea was interviewed on a financial radio program at the Public Broadcasting Corporation following the investigation of the heads of Bezeq and explained how the Securities Authority is investigating. (starting at min' 12.06)

Dr. Zvi Gabbay, head of the Capital Markets Department, was interviewed today on "Where is the Money" program on 103FM radio station, following the investigation launched by the Israel Securities Authority against Bezeq, the company's controlling shareholder, Shaul Elovitch, and senior officials on suspicion of committing offenses under the Securities Law. Zvi explained in the interview about transactions involving interested parties in a company. From min' 11.38