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July 18, 2024
The Israeli Approach to Anti-Dilution Rights
Investors that want to preserve their holding percentage in a company have two main options: an anti-dilution right or a pre-emptive right. Each has a different significance, but adding both to the investment agreement will fully protect an investor’s holdings.
The Israeli Approach to Anti-Dilution Rights
July 18, 2024
Will the US Regulator Approve the Google-Wiz Deal? Adv. Gal Rozent Interview with TheMarker
Adv. Gal Rozent, a competition law expert, was interviewed by TheMarker following news of Google's interest in acquiring the Israeli company Wiz. Gal explained current trends in the US and Europe and what competition authorities will request to examine to approve the deal.
July 18, 2024
Corporate Secretarial Course: Adv. Elad Reshtick Lectures at BDO Financial Academy
Adv. Elad Reshtick, a partner at our firm, guest lectured to a corporate secretarial course at BDO Financial Academy. Elad addressed officer and director compensation, insider information and transactions involving interested parties, financial reporting for managers, and preparing for public offerings. Elad has been invited to lecture to the course again in August, where he will focus on board of director matters and corporate governance.
July 17, 2024
Israel: New Limitations on Transfers of Personal Data
Israel’s Privacy Protection Authority has published a draft opinion clarifying its interpretation regarding transfers of personal data from Israel to other countries. According to this interpretation, such transfers of personal data are generally permitted only if the receiving country ensures a level of data protection equivalent to that of Israel.
July 17, 2024
Barnea: Representing Thermo Fisher in Investment in CytoReason
Our firm represented Thermo Fisher in its participation in CytoReason's USD 80 million financing round, alongside notable investors OurCrowd, Nvidia, and Pfizer. CytoReason provides pharmaceutical and therapeutic leaders with molecular-level insights and advanced AI tools that support data-driven decision-making in healthcare and the life sciences. Adv. Simon Jaffa, Adv. Ariella Dreyfuss, and Adv. Rahaf Awawdi represented Thermo Fisher in the transaction.
July 14, 2024
Israel: Regulation of Payment Services Law Comes into Effect
When the law came into effect last month, the Knesset Economic Affairs Committee prescribed an important series of exemptions from licensing requirements and updated timetables for submitting license applications in particular instances.
July 14, 2024
Israeli Monopolists Barred from Granting Discriminatory Rebates
The Israeli court’s precedent-setting ruling in Aviad Concrete Industries v. Nesher Israel Cement Enterprises found that Nesher violated provisions of the Economic Competition Law when it gave its major customers significantly higher rebates than those it gave to its small customers, thereby harming competition.
July 11, 2024
AI, Data Privacy, and Technology for the Modern Legal Counsel
Our firm organized a unique four-part course in collaboration with Microsoft, TrustIZ, and Taylor Wessing UK. Designed for legal advisors, the course covered critical topics including AI regulation, drafting and negotiating privacy aspects of AI agreements, and managing data breach events. The final session took place at our offices yesterday, marking the completion of this comprehensive and valuable series.
July 11, 2024
Senior Business Management and Director Training Course: Elad Reshtick Lecture
Adv. Elad Reshtick, a partner at our firm, was invited to lecture at the Senior Business Management and Director Training Course of the Mafat Unit, which is responsible for the research and development of defense technologies and infrastructure. His lecture addressed key aspects of soundcorporate governance, including directors' responsibilities and the effective management of boards and their committees, providing participants with in-depth knowledge and practical tools.
July 10, 2024
Barnea: Participating in ACC Israel Annual Conference
Adv. Zohar Lande, the head of our firm's Litigation Department, participated today in the annual conference hosted by the Association of Corporate Counsel in Israel (ACC Israel). Zohar took part in a panel on crisis management in companies.
July 9, 2024
Barnea: Representing Aviad in Precedential Competition Lawsuit
Our firm represented Aviad Concrete and Clay Industries in a lawsuit against Nesher Israel Cement Enterprises that alleged Nesher abused its monopolistic position and harmed competition. The court's ruling set a precedent regarding the limits of the prohibition imposed on monopolies from discriminating between customers. Adv. Gal Rozent and Dr. Ran Karmi represented Aviad in the lawsuit.
July 8, 2024
Federal District Court Vacates Rule under HHS's HIPAA Tracking Technologies Guidance
Until now, the HHS guidance provided a very broad interpretation of what constituted "protected health information" (PHI). This interpretation severely restricted data analytics service providers' ability to cater to hospitals and for hospitals to manage their digital assets, in addition to exposing them to class action lawsuits. A federal court's ruling to vacate the guidance is expected to facilitate both service providers and hospitals.
July 4, 2024
Insolvency: Adv. Idan Miller Lectures to Israel Builders Association Course
Adv. Idan Miller, a partner and head of our firm's Insolvency Department, lectured to attendees of an Israel Builders Association financial management course. The focus of the lecture was how to handle and prepare for insolvency events.
July 3, 2024
Barnea: Representing Azrieli Group in Lease Transaction with NTA
Our firm represented Azrieli Group in a multimillion-shekel lease transaction with NTA – Metropolitan Mass Transit System Ltd. As part of the transaction, NTA will expand its office space at Azrieli Business Park Holon from 8,000 to 12,000 square meters. Adv. Alon Wolner and Adv. Hili Michaeli represented Azrieli in the transaction.
July 2, 2024
Contractor Loans: Adv. Terry Almozlino Arnon Interview with Globes
Adv. Terry Almozlino Arnon, a partner and head of the firm's Real Estate Department, spoke with Globes about the future of contractor loans.
June 30, 2024
Walla: Adv. Maya Carmi Lubartovski Discusses Important Details of Gifting an Apartment
No takebacks, receiving nothing in return, and a cooling-off period—gifting an apartment to a relative offers significant tax advantages. However, it is crucial to fully understand the consequences of this move for both the giver and the recipient of the gift.
June 26, 2024
New Precedent: Commissioner for Insolvency Proceedings Accepts Military Reserve Duty as Justification for Relief
Adv. Idan Miller, the head of our firm's Insolvency Department, was appointed as the insolvency trustee for White Dress Marketing Ltd. (formerly Riki Dalal Group). Idan submitted an economic rehabilitation plan on behalf of the company and its shareholders for the Tel Aviv District Court's approval. In his request, Idan asked that the controlling shareholder's military reserve service be recognized as a contributing factor for the purpose of granting relief and avoiding a full insolvency procedure. When asked by the court for his response, the Commissioner for Insolvency Proceedings accepted this position.
June 26, 2024
Globes: Protected Tenants and Key Money
Everything you need to know about key money transactions—the advantages, the disadvantages, and the law.
June 26, 2024
Transaction: Solrom Merges with Listed Company 3DM
Adv. Elad Reshtick and Adv. Omri Oren represented the public company 3DM in a merger transaction, wherein 3DM will acquire Solrom Electronics Ltd. Solrom is engaged in the development, planning, production, and marketing of products primarily for use in the defense market.
June 25, 2024
Barnea: Hosting “Demo Day” for Azrieli College of Engineering’s AtoBe Accelerator
We were happy to host the Demo Day event for the AtoBe Accelerator at the Azrieli College of Engineering. During the event, entrepreneurs presented their innovative ventures to an audience of investors.