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May 14, 2020
Israeli Registrar of Amutot Eases Reporting Obligations for Amutot and Public Benefit Companies (PBCs)
In light of the coronavirus outbreak in Israel, and the restrictive measures taken by the government, the Israeli Corporations Authority has issued updated guidelines to ease the obligations of Amutot and PBCs.
May 13, 2020
Legal Options for Israeli Companies Operating in the U.S.
How Israeli companies operating in the U.S. can use COVID-19 as a force majeure and the restructuring of debt in chapter 11 bankruptcy ?
May 11, 2020
The Legal Aspects of Building a Startup
As part of our close relationship with AtoB, a professional accelerator in Jerusalem operated by the Azrieli College of Engineering, Adv. Yuval Lazi was invited today to discuss with early-stage entrepreneurs the legal aspects of building a startup.
May 10, 2020
Israel: Aid Measures for Third-Sector Organizations and Civil Society
As part of its effort to deal with the coronavirus crisis, the Social Services Division of the Accountant General’s Department at the Israeli Ministry of Finance recently released an aid package for the benefit of third-sector organizations.
May 7, 2020
FIMI Acquires Control of Amiad Water Systems
FIMI Opportunity Funds, a private investment fund, recently acquired control of public company Amiad Water Systems Ltd. Adv. Micky Barnea represented Hachoshlim Fund Cooperative Agricultural Society Ltd., Amiad's largest shareholder, in the acquisition. As part of the deal, FIMI agreed to invest about USD 19 million in Amiad for a share allocation, thereby acquiring 5% more of the company's shares.
May 6, 2020
Companies and Class Actions
Adv. Eyal Nachshon, a partner in the Litigation Department who often represents defendant companies in class action lawsuits, presents in this short video the conditions for filing a class action lawsuit, the matters for which a suit can be filed, and how a defendant company should formulate a defense.
May 6, 2020
Israel: Fast-Tracked Grant Channel for Companies in Crisis
Following a previous Israel Innovation Authority call for bids for companies developing technologies to help deal with the coronavirus crisis, the IIA has opened a channel to support companies facing financial hardships due to the virus.
May 5, 2020
Barnea Represents Surf in Sale of Video Division to Lytx
Lytx Inc., a US-based fleet management software developer, has acquired the video division of Israeli company Surf Communications, which will serve as Lytx’s Israeli RD center. Founded in 1996, Surf develops multimedia digital signal processing technologies for telecommunications infrastructure. Adv. Micky Barnea and Adv. Ariella Dreyfuss represented Surf in the transaction, valued at USD 20-30 million.
May 4, 2020
Webinar on the Current Issues Facing Israeli Entrepreneurs
Adv. Netta Bromberg will join an expert panel in a webinar hosted by Fox Rothschild LLP, exploring the challenges facing Israeli entrepreneurs and business professionals in Israel and abroad.
May 3, 2020
Capital Markets in the Age of Coronavirus
MA expert Adv. Micky Barnea was interviewed by Globes for an in-depth analysis of major deal cancellations amid financial uncertainty. The article explores how large corporations have the financial flexibility that smaller businesses and self-employed professionals can only dream of. According to Micky, “Starting in February, we noticed that time had become elastic. Typically, parties seek to maintain a steady pace, accelerating once they have shaken hands on a deal. Now, fewer people are rushing to complete transactions. They are taking time to see what happens next in the market.”
April 30, 2020
Startup Funding in the Coronavirus Era
Get up in the morning, go to work, sit in meetings, pick up the kids from school, go to the grocery store, work out at the gym, or just meet up with friends and family. Its hard to believe that until a few weeks ago this described a normal day for most people. Its clear today that no matter where we work, our age, and where we live, the reality of our lives, both personally and professionally, has changed immeasurably thanks to the new player in the market-the coronavirus.
April 28, 2020
Libra 2.0 – From Global Currency to a Payment Method on Facebook’s Platform
After Libra, Facebook’s ambitious global digital currency venture, faced fierce resistance from regulators around the world, Facebook has announced “Libra 2.0.” The venture is set to undergo far-reaching changes that, on the one hand, will likely do away with regulatory concerns, but, on the other, will force Facebook to give up its original vision, i.e. a quick and simple transfer of digital currencies between accepted users worldwide without the need for a bank account.
April 26, 2020
Tax Advice on USD 20 Million Investment in CyberMDX
Our tax team advised the strategic partner Sham (Relyens Group), Europe’s largest insurance and risk management provider for healthcare, on the tax aspects of its USD 20 million investment in CyberMDX, an Israeli healthcare cybersecurity provider that delivers visibility, threat prevention, and operational efficiency for medical devices, IoT, and clinical networks.
April 22, 2020
Pi-Cardia Ltd. Raises USD 27 Million in Financing Round Led by Sofinnova Partners
Pi-Cardia, an Israel-based global leader in developing non-implant catheter-based solutions to treat heart valve calcification, has raised USD 27 million in funding. The round was led by our client, European life sciences venture capital firm Sofinnova Partners, with participation from Pi-Cardia’s chairman, Prof. Jacques Séguin, and existing investors. Adv. Micky Barnea and Adv. Ariella Dreyfuss represented Sofinnova Partners in the transaction.
April 20, 2020
Managing Labor Relations in Accordance with the New Israeli Guidelines 20.04.2020
On April 19, new guidelines were introduced allowing a gradual return to the workplace. Here are the key guidelines. According to the guidelines, it is permitted to employ in a workplace whose opening has not been banned 10 employees or up to 30% of employees, whichever is higher. However, it is possible to increase the number of employees in the workplace in the industries and services fields beyond the 30% cap, subject to each workplace complying with the "purple tag" rules.
April 19, 2020
Mobileye Insider Trading Investigation: Representing Former Syneron VP in Settlement with SEC
On April 17, the United States Securities and Exchange Commission dropped its case against our client Amir Waldman. Waldman, the former vice president of Israel-based medical device company Syneron Medical Ltd., was alleged to have made USD 4.3 million via insider trading on an autonomous driving system technology developer. He will pay the SEC nearly USD 2.2 million to end a civil enforcement lawsuit, a New York federal district judge announced Friday. We commented on the decision: "As in many cases, here too, a negotiation was being conducted at the same as we were preparing for trial, and it ultimately ended with an excellent result. This is a civil not a criminal case, and the arrangement, under which Amir does not admit or deny the facts, allows Amir to move on."
April 19, 2020
Habima Theater – The Show Must Go On?
Our Litigation Department is representing the board of directors and active management of Habima Theater in liquidation proceedings filed by the company's creditors and in legal proceedings directed by the company's temporary trustees.
April 14, 2020
Is Your Business Ready for the Day After COVID-19?
After the coronavirus crisis passes, numerous legal disputes are likely to arise, since many companies will fail to meet their contractual-business obligations. It is recommended for each company to prepare also for the legal disputes in which it can expect to find itself.
April 7, 2020
ISA and TASE Publish Reliefs for Public Companies and Reporting Corporations
In light of the global coronavirus crisis, the Israel Securities Authority (ISA) has published several steps toward easing the burden on public companies and reporting corporations whose securities are traded on the Tel Aviv Stock Exchange.
April 7, 2020
Pregnant Women May Now Be Put on Unpaid Leave without Labor Ministry Approval
New regulations were signed on April 6, 2020 that allow pregnant women, women and men undergoing infertility treatment, and women returning to work after maternity leave to be put on unpaid leave, under certain conditions, without the need for a permit from the Ministry of Labor.