Insights & News

Adv. Ken Shaked and Adv. Nir Alter represented Coppter Water Technologies, a startup specializing in swimming pool purification, in an approximately ILS 7.5 million investment by the public company Pharmocann. Coppter was established in 2022 with the support of the InNegev technology incubator.

Advs. Idan Miller and Hadar Eilon represented 100 apartment owners in a Tama 38 project in Holon, in which the development company entered insolvency proceedings. They guided the residents through a mediation process that resulted in an agreement safeguarding the residents' rights and securities without requiring any additional payment. The agreement also paved the way for resuming construction on the project. The mediation agreement, which included commitments from new apartment buyers (not the firm's clients) to inject ILS tens of millions into the project to fund its completion, was approved by the district court.

The Ministry of Finance intends to extend purchase tax for investors, currently set at 8%, as part of the Arrangements Law for 2025, which has led to strong opposition from contractors. Adv. Maya Carmi from our firm was interviewed by Yedioth Ahronoth and stated that the purpose of freezing the tax rate is to disincentivize investors from purchasing apartments, thereby increasing the supply of available apartments and reducing prices, which would allow young couples and people from lower socio-economic backgrounds to buy homes.

Globes' "Three Rulings a Week" section selected the Supreme Court's decision to annul a tender for public transportation services in the Golan, due to a conflict of interest involving a lawyer who advised the tender committee while also providing legal counsel to the winning bidder. Adv. Eran Winner, who represented Superbus, which was declared "second qualified" in the Supreme Court appeal, stated, "We are pleased the Supreme Court emphasized the importance of maintaining the integrity of the tender process. However, we regret that it did not establish as a precedent that the entire tender should be annulled; rather, only the winning bid was disqualified, and our company was declared the winners of the tender as 'second qualified.'"

The Real Estate Center interviewed leading legal experts in the real estate field, including Adv. Terry Almozlino Arnon, head of our firm's Real Estate Department, on the most significant rulings of the year in planning, construction, and urban renewal. Terry highlighted a Supreme Court ruling focused on contracts made with apparent intentions and the Supreme Court’s zero-tolerance stance toward such conduct.

Adv. Hanna Daher, a partner in our firm’s Tax Department, describes in an op-ed for N12 the precedent set by the court's ruling in the Coca-Cola case. Hanna notes this decision could prompt Israeli companies to reassess their agreements and contractual arrangements with foreign entities.

Eyal Nachshon, an expert in class actions, was interviewed by Globes following the recent rise in motions to certify class action, mainly due to the escalation in Israel's security situation. Among other things, Eyal noted, "Nowadays, people tend to rush to file lawsuits in order to be first in line, but it’s important to stop and consider whether this is the right legal tool for their specific case."

Our firm hosted a webinar in collaboration with GCS for legal advisors, focusing on the Payment Services Law. The webinar was designed for legal advisors in companies within the financial and service sectors. Presenting at the event were the firm's Dr. Zvi Gabbay and Adv. Anat Even-Chen, along with CPA Julie Raboy, who delivered a lecture on the technological adjustments required in light of the law.

As an expert in the field of artificial intelligence, Dr. Avishay Klein referred to the need for public companies to formulate an AI policy. As per his advice, companies with a clear policy, transparent reporting, human supervision, and proper management can retrieve the most out of these technologies, increase the trust of investors and customers, and reduce risk.

The minimum purchase tax for real estate investors is expected to decrease automatically by the end of the year unless the government decides otherwise. Adv. Terry Almozlino Arnon was interviewed by Globes and noted that "this is not a market that can wait for January. In the last two years, we have experienced as effects in the real estate market the increase in interest rates, the legal reform, the Swords of Iron War, and the general uncertainty that has prevailed here."

We are proud to represent daily.dev, recently selected as one of the 21 most promising startups of 2024 by N12 in collaboration with the IVC.

Advs. Yuval Lazi and Nofar Rose David represented Qualtero, a company specializing in IT and consulting services, in its acquisition by Comply365 for over USD 30 million.

In an op-ed for Calcalist, Shir Rozenzweig addresses the rights of suspects and the lack of oversight of investigative authorities concerning searches made on computer devices.

Advs. Zohar Lande, Adi Shoham, Shay Bello, and Anna Elenport are representing Aviv Group in an administrative petition against the Herzliya Municipality. The petition was filed after the municipality undertook to approve a development plan for land within a year, a condition precedent to the transfer of the land to Aviv. The municipality, however, has yet to review the plan. Aviv Group is currently bearing the financial cost, even as construction is not expected to start any time soon.

Adv. Maya Carmi Lubartovski, head of our firm’s real estate taxation practice, participated in another episode of the ACC podcast series. The new episode covers the tax aspects of cash transactions, combination transactions, construction services transactions, the tax advantages and disadvantages of different transaction structures, and more.

As an expert in the field of real estate taxation, our firm's Adv. Maya Carmi was a guest on the ACC podcast series, providing clarity on all aspects of real estate taxation. The first two podcasts, uploaded yesterday, focus on capital gains tax and purchase tax.