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December 11, 2014

Barnea Represents Israel Natural Gas Lines

The Real Estate Department, headed by Adv. Ariel Nadler, represented Israel Natural Gas Lines in a petition brought against it by Kibbutz Regavim. The judge dismissed the petition, finding no grounds to intervene in the government’s decision. She noted that the kibbutz should have withdrawn its petition once the safety concerns had been resolved. The kibbutz was ordered to pay costs of ILS 4 million.

December 9, 2014

Israel’s Second Annual Foreign Law Firms Conference

Adv. Micky Barnea was invited to lead the high-tech panel at Israel’s second annual Foreign Law Firms Conference in recognition of his expertise in the technology sector. Titled "Startup Nation vs. Exit Nation," the panel will explore the impact of Israel’s startup ecosystem on its legal landscape, current trends in high-tech exit transactions and IPOs, and collaboration between Israeli and foreign law firms on high-tech legal matters.

December 4, 2014

Formation of a Governmental Committee to Review Mining Royalties is Not Grounds for Arbitration

The Jerusalem District Court recently issued its ruling in the matter of Dead Sea Works Ltd. vs. the State of Israel. The proceeding included a discussion of Dead Sea Works’ petition to activate the arbitration clause stipulated in its concession agreement with the State of Israel. The petition was filed after the State refused to appoint an arbitrator pursuant to the arbitration clause. Dead Sea Works sought to refer to arbitration the very formation of the Sheshinski Committee, pleading that it constitutes a violation the State’s covenant not to raise the rate of royalties payable by the Dead Sea Works for its mining license. Indeed, the Sheshinski Committee was formed for the purpose of reviewing the State’s policy on royalties due in consideration for the use of Israel’s natural resources. The District Court rejected Dead Sea Works’ petition. It ruled that the mere formation of the Sheshinski Committee does not give rise to a dispute according to the arbitration mechanism prescribed in the concession agreement. The Court issued its ruling based on the specific language of the arbitration clause in the concession agreement; it is conceivable that Dead Sea Works might have been allowed to pursue its position through arbitration proceedings had the arbitration clauses been worded differently.

November 30, 2014

Court decision on temporary residence abroad

On 21 October 2014, the Haifa District Court handed down its decision in “Yael Zor v the Tax Assessor Haifa” concerning temporary residency abroad. The case relates to a senior employee of a multinational enterprise the shipping company, Zim, who worked in Hong Kong for a subsidiary of the group from January 2006 to August 2008. 

November 26, 2014

Seminar: Employee Stock Option Plans – From A to Z

Adv. Ezra Katzen was a featured speaker at the November meeting of the Israeli Association of Corporate Counsel. In his address, "The General Counsel: The Most Important Link in the Options Chain," Ezra drew on his extensive experience as in-house counsel to discuss the legal and practical challenges of administering an employee stock option plan from an in-house lawyer’s perspective. Jointly sponsored by Barnea and ESOP-Excellence, the meeting was attended by general counsel and senior in-house lawyers from approximately 40 Israeli companies.

November 18, 2014

Who's Who Legal 2014

The head of our Internet Department was recognized as a leading practitioner in entertainment law in Israel by the 2014 edition of Who’s Who Legal, a leading international legal guide.

November 16, 2014

Israel’s Second Annual Foreign Law Firms Conference

The Tel Aviv and Central District of the Israel Bar Association invites you to the second conference in Israel on the entry and activities of foreign law firms in the country. Adv. Michael Barnea, head of the Technology Department at Barnea, will lead the high-tech panel.

November 13, 2014

"Israeli Antitrust Commissioner Has Teeth But No Appetite"

Calcalist published Adv. Zohar Lande's criticism of the Antitrust Authority’s conduct in the Israeli food market.

November 11, 2014

Barnea Represents Global Invacom in Acquisition of OnePath

Global Invacom Group has completed its acquisition of Israel-based OnePath Networks. OnePath, which trades as Foxcom, is a pioneer in radio frequency over fiber technology. It provides products and services to major satellite operators, teleports, and broadcasters in more than 35 countries.

November 6, 2014

"Time to Startup! Follow the Challenging Road"

Barnea and the MIT Enterprise Forum of Israel are delighted to invite you to a seminar titled "Time to Startup! Follow the Challenging Road." The event will take place on November 19, 2014, from 16:30 to 20:15, at Tel Aviv University.

October 30, 2014

Antitrust Chief Encourages Consumer Boycotts

At a Knesset Finance Committee meeting on the high cost of living, Antitrust Commissioner Prof. David Gilo urged consumers to organize boycotts to pressure retailers and manufacturers to lower prices. He said: “An occasional boycott is not enough. Consumers need to undertake a personal boycott every day, to vote with their feet and compare competing prices.” Adv. Zohar Lande, senior partner at Barnea, disagreed. In an interview with Maariv, he said it was “both unfair and unwise to ask consumers to fix the high cost of living.”

October 21, 2014

A New Double Taxation Agreement with Switzerland?

Tax treaties aim to promote international trade by eliminating double taxation. Although the Israel Tax Authority and Israel’s Ministry of Finance have been reluctant to acknowledge a potential new tax treaty with Switzerland, the Swiss Finance Ministry has been more forthcoming. Swiss officials have confirmed that negotiations on the proposed treaty took place with the Israeli tax authorities in recent weeks.

October 19, 2014

Workplace Monitoring: What Is and Isn’t Allowed?

The growing use of technology in the workplace has raised new privacy concerns for employers and employees alike. Do employers have the right to monitor their employees? Read more.

October 15, 2014

World Tax 2015 Rankings

World Tax, an international guide to leading tax firms, recognized Barnea as a recommended tax firm in Israel.

October 14, 2014

Are Facebook, Apple, and Google’s Israel-Based R&D Centers a Blessing in Disguise?

Israel’s strengths have not gone unnoticed by multinational companies. A study by the Israeli Central Bureau of Statistics shows that international technology companies operating in Israel account for 63% of all investment in the country’s RD centers. Foreign companies that have established research centers in Israel, including Facebook, Google, Apple, Microsoft, IBM, Intel, and HP, employ more than 67% of the country’s RD center workforce. Together, they employ 34,300 RD staff, a figure that grows by 2% annually. The presence of these corporate giants in Israel continues to grow as more companies recognize the advantages of establishing RD centers in a thriving hub of innovation and invention. Yet this growth has also raised concerns, particularly that foreign companies gain first access to breakthrough technologies developed in Israel. Science, Technology, and Space Minister Yaakov Peri expressed this concern, saying that “Israel’s economy relies heavily on funding from other countries for research and development…this is a fragile situation…in which the main beneficiaries of Israeli creativity are the multinational companies.” There is, however, another way to view their role. These centers nurture and train talented professionals, serving as incubators for budding entrepreneurs. Many employees leave multinational companies to launch their own startups, equipped with the skills, knowledge, and experience gained at these RD centers. The presence of foreign RD centers and multinational companies in Israel also helps create jobs, generate new businesses, and contribute to the country’s economic output.

October 14, 2014

Barnea Ranked in IFLR1000 2015 Edition

The international legal directory IFLR1000 recognized Barnea’s expertise in Mergers and Acquisitions and Project Finance. It also named Adv. Simon Jaffa a “leader in his field.” The directory featured the following client testimonial: “Barnea has always delivered excellent work. They have a profound understanding of our company's needs and expectations, and do it in an efficient, expedient, cost-effective manner. Their knowledge of the local market is a plus, and they are always a pleasure to work with.”

October 13, 2014

Recent Tax Developments

Two pending amendments to Israeli tax legislation will, if adopted, permit the exchange of information about taxpayers in a multinational context. The passing of these amendments will also allow for implementation of multilateral agreements for ‘exchange of information’ regarding individuals and corporate tax payers.

October 7, 2014

Zero VAT on First Homes to Apply for Seven Years Only

The proposed 0% VAT measure for first-time homebuyers would remain in effect for seven years under a temporary ordinance. Leading business newspaper Globes examined its legal implications in an interview with Adv. Liat Keisary Yahalomi.

October 6, 2014

The Kibbutz Sector: The Challenges of Going Public

In recent years, many kibbutz enterprises have evolved from small manufacturers into international corporations. Globes brought together six experts for a roundtable discussion on the latest changes and developments in the kibbutz sector (p. 21).

October 5, 2014

Barnea Continues to Grow

The firm welcomes Adv. Ezra Katzen as a new partner in its Technology Department, along with Adv. Daniel Lorber and Adv. Mayer Winkler, who join the Commercial Department.

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