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February 1, 2017
Barnea Represents Roni Mana and His Real Estate Agency
Adv. Zohar Lande and Adv. Gal Livshits of Barnea’s Litigation Department are representing real estate agent Roni Mana and his agency in a lawsuit filed with the Tel Aviv District Court against Arena Star Group Ltd., controlled by Marcus Weber, and its CEO, Michael Fuchs. The lawsuit concerns unpaid brokerage fees totaling ILS 5.88 million.
January 31, 2017
Barnea Hosts Delegation from Germany
Barnea is hosting today a delegation from Germany visiting Israel for the first time to seek out investment and cooperation opportunities, mainly in the real estate and insurance tech fields.
January 31, 2017
Loans Guaranteed by the State for Social NPO’s (With No Personal Guarantee)
For the first time, social NPO’s can enjoy attractive, convenient loan terms guaranteed by the State for funding an investment or working capital in the NPO, and without providing a personal guarantee.
January 31, 2017
International Taxation – New Draft Bill Will Require Foreign Companies to Report and Pay Tax in Israel
The Israel Tax Authority (“ITA”) is promoting legislation that will require foreign companies not subject to the Israeli tax regime today to report and even pay tax in Israel.
January 30, 2017
Roundtable with VCs Investing in Cyber Security
Barnea is co-hosting with the Israel-America Chamber of Commerce and the BIRD Foundation a roundtable meeting with Kevin Stine, Chief of the Applied Cybersecurity Division at the National Institute of Standards and Technology, an agency of the US Department of Commerce. The roundtable will include senior managers of Israeli venture capital community and cybersecurity startups.
January 26, 2017
Panel Discussion on Administrative Enforcement in Echad Haa'm
We participated in a panel discussion on administrative enforcement published in Haaretz's "Echad Haa'm," the magazine of the Public Companies Association. The panel addressed the implications of administrative enforcement for the market, as well as its impact on corporate governance standards and company conduct (pp. 16-21).
January 25, 2017
Navigating Anti-Spam Legislation
Spam consists of unsolicited text messages, email messages, faxes or auto-dial calls that are sent for commercial purposes. Due to the ease and low cost in which e-mails can be sent, e-mails are the main focus of any discussion concerning spam. In Israel and around the world, preventing unsolicited e-mails has gained attention as creating serious privacy concerns – in connection with the sending of unsolicited e-mails as well as in connection with the manner in which the e-mail addresses are gathered for the purpose of sending the e-mails. In order to tackle these issues, laws against spam were enacted across the world.
January 25, 2017
Barnea Hosts Delegation from Singapore
Barnea hosted this week a delegation from Singapore invited to Israel by starTAU, Tel Aviv University Entrepreneurship Center. The delegation held a series of meetings with leaders from the technological and entrepreneurial environment in Israel.
January 25, 2017
Seminar on New Multiple Housing Taxation Law
Barnea will host a morning seminar on February 14 on the new Multiple Housing Taxation Law. Adv. Maya Zisser, a partner in our Real Estate Department, will discuss who is subject to the new tax, the applicable rates, payment methods, exemptions, and credits. Adv. Harel Perlmutter of our Tax Department will discuss opportunities to reduce tax on rental income.
January 25, 2017
US Federal Trade Commission Investigating Allergan’s Generics Business
We interviewed by Globes after the Federal Trade Commission launched an investigation into a company affiliated with Teva.
January 24, 2017
Draft Legislation Permitting Corporations to Obtain Loans Through Crowdfunding
Last week, the Israel Securities Authority published draft legislation for public comments that will permit corporations to obtain loans through crowdfunding with an exemption from the prospectus requirement.
January 24, 2017
Israel Seeks Tax on Bitcoin, Virtual Currency Transactions
Adv. Harel Perlmutter, head of our Tax Department, was interview by Bloomberg on an Israel Tax Authority draft circular on the taxation of virtual currencies (bitcoins and the like). Harel commented that the draft imposes almost insurmountable restrictions on the use of virtual currencies in Israel, due to the liabilities and costs involved.
January 22, 2017
Draft Circular on Taxation of Activities Using Virtual Currencies
The Israel Tax Authority published a draft circular on taxation of virtual currencies (bitcoins and the like). According to the Draft, the ITA’s position is that virtual currencies should be deemed “assets” and not as currency or foreign currency or even as financial instruments.
January 19, 2017
Important Information about New Tax on Owners of Multiple Apartments
The new law prescribes that, as of January 1, 2017, every taxpayer must pay tax annually (January through December) for every residential apartment that he owns in excess of two apartments, at the sum defined pursuant to the provisions of the law. The taxpayer will be allowed to choose which of his apartments he deems to be his first two apartments, and which shall be taxable under this law.
January 16, 2017
Israel Antitrust Authority Publishes Draft Statement regarding Vertical Price Arrangements – Resale Price Maintenance (RPM)
A few days ago, the Israeli Antitrust Authority published a draft statement presenting its position with regard to the circumstances under which a supplier will be able to dictate the resale price of its products to its distributor for the next link in the supply chain (Resale Price Maintenance arrangements – RPM), without such an arrangement being considered an illegal restrictive arrangement.
January 15, 2017
Privacy and Data Protection Law
On January 17, Barnea and the ACC will co-host an event on privacy and data protection law in the workplace. We will discuss employee privacy under Israeli law.
January 15, 2017
Do NDAs Really Protect Startups?
Investors in startup companies need to learn as much about those companies as possible to make an informed decision. You do not want to go in blind before you put money into a startup a company. Still, the company in which you seek to invest needs to protect its confidential and proprietary information; otherwise, it stands to lose the benefit of introducing an innovative solution to the market.
January 12, 2017
Center for Academic Studies in Or Yehuda: Young Entrepreneurs Skills Day
Adv. Ilan Blumenfeld gave a lecture on the legal aspects of entrepreneurship at the Young Entrepreneurs Skills Day hosted by the Center for Academic Studies in Or Yehuda.
January 12, 2017
Hosting South Carolina Business and Research Delegation
Barnea is hosting a business and research delegation from South Carolina today, comprising business leaders, researchers, business development professionals from hospitals and research institutions, and economic development officials. The delegation is visiting Israel to promote collaboration with Israeli companies in biomedicine, cybersecurity, and automotive technology. Adv. Micky Barnea, our managing partner, will give a lecture on the legal aspects of doing business in Israel.
January 10, 2017
Adv. Micky Barnea Interviewed by Globes
Micky Barnea, our managing partner, was interviewed by Globes about executive pay in the financial sector and regulatory concessions introduced by the Tel Aviv Stock Exchange and the Israel Securities Authority. Micky noted that these measures aim to encourage more companies to go public, but argued that more substantial regulatory exemptions are needed.