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February 18, 2014
Defamation on Facebook and Its Legal Consequences
The head of Barnea's Internet Department published an article in Hebrew in the financial newspaper Calcalist discussing a recent Israeli court decision awarding damages to a plaintiff for defamatory statements posted about him on Facebook. He criticizes the court’s reasoning, which gave less weight to defamation on Facebook than to defamation published through other channels. He further argues that defamatory content published on Facebook should be treated in the same way as defamation published elsewhere.
February 13, 2014
"If I Testify Against Strauss-Elite, I'll Burn Myself"
Lenny Sackstein, chairman of Carmit Candy Industries Ltd., which is represented by Barnea, described in court yesterday the difficulties of securing witnesses to testify against Strauss-Elite in the Cadbury case. To read more, click here.
February 13, 2014
Dun & Bradstreet Ranks Barnea Among Israel’s Leading Law Firms
Dun Bradstreet ranked Barnea as a leading law firm in six practice areas: International Commercial Law, Mergers Acquisitions, Project Finance Infrastructure, Commercial Litigation, High-Tech, and Capital Markets.
February 10, 2014
Israel’s Conglomerates: A Breakup Shake-Up
Legislation aimed at reducing the dominance of a handful of conglomerates in the economy is expected to spur asset sales and attract interest from overseas investors.
February 9, 2014
Mediation Between Ori Yogev and Benny Tisch Fails
Canadian businessman Benny Tisch has filed an ILS 15 million claim against Ori Yogev, the current Director of the Government Companies Authority. Tisch alleges that Yogev made false representations and acted fraudulently, inducing him to invest millions in Whitewater Holdings. The company is now in liquidation, owing creditors ILS 19 million.
February 8, 2014
"Casino in Israel – On the Cards?"
The head of Barnea's Internet Department published an article titled "Casino in Israel – on the Cards?" in InterGaming Law, the specialist international gaming law magazine.
February 1, 2014
Barnea Appoints New Partners
Adv. Maya Zisser of the Real Estate Department and Adv. Shai Sharvit of the Litigation Department have been appointed partners.
January 16, 2014
Barnea Represents Pilat Media Global Plc.
Pilat Media Plc, a UK-incorporated public company, held a unique position: it was the only UK company listed on the Tel Aviv Stock Exchange (TASE) and the only company fully listed on both AIM and TASE, meeting the regulatory requirements of both jurisdictions. The firm represented Pilat Media from its inception through a demerger from an Israeli public company and advised it on compliance with Israeli regulatory requirements over the years. In April 2014, Pilat Media was sold to Sintec Media, one of its major competitors, for cash consideration exceeding USD 100 million. Barnea Co. represented Pilat Media and its shareholders on the Israeli aspects of the transaction.
January 15, 2014
IAA Transcripts from Strauss-Cadbury Investigation Exposed
Carmit’s civil suit is based in part on records and documents collected by the Antitrust Authority during its investigations. The following was submitted to the Tel Aviv District Court by Adv. Zohar Lande, Adv. Shai Sharvit, and Adv. Moran Bickel of Barnea.
January 9, 2014
Developments in Carmit Candy Ltd.’s Lawsuit Against the Strauss Group
Significant information is emerging in the Central District Court about the Strauss Group’s alleged efforts to prevent Cadbury from entering the Israeli market in 2002. To read more, click here.
January 5, 2014
Adv. Zohar Lande’s Op-Ed: Privatization Under the Law to Promote Competition and Reduce Economic Concentration
The article below examines the privatization chapter of Israel’s newly enacted law to promote competition and reduce economic concentration. Among other provisions, the chapter restricts the State’s ability to grant rights to, or enter into agreements with, entities deemed to contribute to economic concentration because of rights they have already received from the State. Adv. Zohar Lande argues that these provisions are far-reaching, create market uncertainty, and may hinder the efficient allocation of rights in the future, ultimately harming the market. To read more, click here.
December 29, 2013
Adv. Micky Barnea Participates in Calcalist Panel of Competition Law Experts
Following the enactment of the Law for the Encouragement of Competition and the Reduction of Concentration, Calcalist convened a panel of experts, including Adv. Micky Barnea, to discuss the powers of the Antitrust Commissioner.
December 25, 2013
Israel Amends Controlled Foreign Corporation Tax Regime
On December 23, Israel’s Knesset approved Amendment 198 to section 75B of the Income Tax Ordinance, 1961 (ITO), strengthening the taxation of controlled foreign corporations (CFCs). The amendment took effect on January 1. Since 2006, Israel has taxed qualifying Israeli-resident shareholders, both corporate and individual, on the undistributed profits of foreign companies that qualify as CFCs. Under this regime, an Israeli-resident shareholder who individually holds at least 10 percent of a foreign company’s means of control and, together with other Israeli-resident shareholders, holds at least 50 percent must report their proportionate share of the company’s undistributed profits as a deemed dividend, provided that most of the company’s income in the relevant tax year is considered passive under Israeli law. The regime also applies to foreign companies in which close relatives hold at least 40 percent of the means of control.
December 24, 2013
2014 Tax Changes Affecting Israeli Companies Investing in or Through the Netherlands
Barnea Co., together with the Israel-Netherlands Chamber of Commerce and the Netherlands Foreign Investment Agency, is organizing a breakfast workshop titled “2014 Tax Changes Affecting Israeli Companies Investing in or Through the Netherlands.” The workshop will take place on the morning of December 25, 2013, at Barnea Co.’s offices, 6 HaChoshlim Street, 4th floor, Herzliya. Attendance is by invitation only.
December 19, 2013
Former Vita Shareholder Will Not Be Sued
The Tel Aviv court overturned an order permitting service of a lawsuit outside Israel on a former shareholder of Vita.
December 15, 2013
Offering Securities Through an Online Platform
Interest in raising funds online is growing, as the internet offers access to broad and diverse audiences. This gives small businesses access to alternative financing options that might otherwise be unavailable, enabling them to expand their pool of potential investors.
December 9, 2013
Israel Has Won the Lottery but Has Yet to Capitalize on It
In an article published in TheMarker, Adv. Micky Barnea discusses the business world’s need for certainty, particularly in industries such as gas production, where building infrastructure requires billions of dollars in investment.
December 5, 2013
Barnea Recognized by IFLR1000 2014
IFLR recognized Barnea Co. in its MA and project finance rankings, citing strong client feedback and a solid portfolio of work in both areas. Clients praised the firm’s partners as highly capable and talented, highlighting managing partner Adv. Micky Barnea and Adv. Simon Jaffa, who advises on both MA and project finance. One international project finance client described Simon as “knowledgeable, very skilled and a pleasure to work with,” praising his business insight, market knowledge, and ability to identify cost-effective solutions while explaining local issues that overseas clients might overlook. An MA client called him a “great business lawyer - decisive, innovative and responsive.” Corporate clients also praised Micky: “He's very practical and incisive and always constructive with his advice.”
December 3, 2013
Barnea Continues to Support Myisrael
Barnea is delighted to cooperate with Myisrael and to support its charitable projects in Israel.
November 24, 2013
Barnea Recognized as a Leading Tax Firm by World Tax
Barnea was recognized as a leading tax firm in Israel by World Tax, International Tax Review’s directory of leading tax advisory firms worldwide.