Latest Updates

January 1, 2020

New Standards in Cyber Protection for Companies in the Government, Infrastructure, and Finance Sectors

The Governmental Cyber Security Unit has published a new directive according to which material service providers to government, infrastructure, and finance bodies will be required to adopt a common and unified standard for cyber protection.

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January 1, 2020

Adv. Eyal Nachshon Op-Ed: New Supreme Court Ruling Will Allow Businesses to Repel Class Actions

Adv. Eyal Nachshon, a partner in our Litigation Department, published an op-ed in Dun's Calcalist discussing a recent Supreme Court ruling requiring prospective plaintiffs to contact defendants before filing a class action lawsuit. Eyal explains why the ruling is a significant development for private businesses defending against class actions.

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December 31, 2019

Israel-Australia Double Taxation Treaty Enters into Force on January 1, 2020

The Minister of Finance signed in December 2019 the order bringing the double taxation treaty into effect on January 1, 2020.

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December 31, 2019

Good Night 2019!

Check out some interesting developments in the Israeli high-tech sphere in 2019.

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December 30, 2019

Adv. Yuval Lazi Summarizes 2019 in Cyber

Anashim IL interviewed Adv. Yuval Lazi and other cybersecurity experts about key trends in cybersecurity in 2019. With the cyberattack industry valued at more than USD 1 trillion annually and attacks increasing year after year, Yuval explains that corporations are beginning to recognize that technological solutions alone are not enough and are adopting a more holistic approach to cybersecurity.

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December 30, 2019

Adv. Hagit Ben Moshe Featured in Globes' Real Estate Supplement on Regulation of Land Use

Adv. Hagit Ben Moshe published an op-ed in Globes' Real Estate Supplement on a district court ruling about the regulation of agricultural land use. According to Hagit, the ruling indicates a trend of harsher enforcement and signals that all agricultural communities must act without delay to regulate land use.

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December 29, 2019

Is It Necessary to Send a Demand Letter a Defendant Prior to Filing a Class Action Suit?

In December 2019, an expanded panel of seven Supreme Court justices published a precedential and important decision considering the issue of whether a party seeking to file a class action suit against a government agency must send a demand letter to the agency in advance of filing.

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December 25, 2019

Micky Barnea Op-Ed: TASE IPO – The Light at the End of the Tunnel?

Globes published an op-ed by Micky Barnea on the Tel Aviv Stock Exchange's latest move to attract new investors with a public offering of its shares. According to Micky, "This listing could be a turning point in anticipation of a long-awaited change, bringing a revival of the stock exchange and the domestic capital market."

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December 23, 2019

Latest Developments in the Israeli Payments Market

The Bank of Israel recently led several important developments in the Israeli payments market, which are designed to encourage competition and to advance the implementation of innovative technologies.

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December 22, 2019

Lee Elbaz Trial Ends with Sentencing

Our firm served along with US attorneys as counsel for Lee Elbaz, the CEO of Yukom Communications, in her criminal trial in the United States. Lee was convicted of binary options fraud in August and sentenced last week. We were interviewed by media following the sentencing in a Maryland federal court, noting that "the degree of harshness in US prosecutorial policies and in sentences for economic offenses is infinitely higher than in Israel."

Article from Globes

Article from Calcalist

Article from Ynet

Article from The Marker

December 18, 2019

Coffee and Fair Use: Adv. Zohar Lande Lectures at ALAI Israel Conference

Nestlé's lawsuit against Espresso Club continues to arouse great interest in the legal scene, among both law firms and copyright professionals. Today, the Copyright Society of Israel held a workshop on meaningful judicial rulings in 2019. As part of the event, Adv. Zohar Lande was invited to speak on coffee and fair use and to discuss the implications of the ruling against Nestlé on commercial companies operating in Israel.

December 17, 2019

Israel-Singapore Fintech Convention

Our firm hosted a meetup for the Israeli fintech community in collaboration with Fintech Fever and the Singapore Fintech Association. We lectured on current regulation, as well as challenges and opportunities in the field.

Link to Zvi Gabbay's Lecture

December 16, 2019

IPO – What’s Important to Know

A private company considering an IPO should know it is a complex and long process, and one that may pose many challenges. Therefore, before deciding to undertake an initial public offering, a deep examination of the process is recommended.

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December 16, 2019

David Appel's Lawsuit Against Michael Cherney and Zeev Rom Dismissed

The Tel Aviv District Court dismissed David Appel’s ILS 239 million claim against Michael Cherney and our client, Zeev Rom, as time-barred and ordered Appel to pay attorneys’ fees. Zeev Rom was represented by Adv. Zohar Lande and Adv. Moran Bickel of our Litigation Department.

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December 12, 2019

Meetup for Women in E-Commerce

Today, we hosted a meetup for female entrepreneurs in e-commerce. Adv. Harel Perlmutter and Adv. Anat Even-Chen spoke to participants about tax and regulatory issues that could affect their businesses.

December 12, 2019

Barnea Represents Sartorius in Acquisition of Majority Stake in Biological Industries.

Our firm represented Sartorius, a leading multinational corporation in the life science, research and development, and biopharmaceutical industry, in a transaction to acquire a majority stake in the Israeli cell culture developer Biological Industries. Sartorius acquired the majority of Biological Industries shares by way of secondary purchase of shares from the Development Company of Kibbutz Beit Haemek and private equity fund Fortissimo Capital, in consideration for USD 50 million. In addition, as part of the transaction, Sartorius and the Development Company of Kibbutz Beit Haemek signed an option to purchase/sell additional holdings in the future.

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December 11, 2019

Meetup for Real Estate Entrepreneurs on Crowdfunding

Our firm hosted together with the crowdfunding platform Pipelbiz a meetup for real estate entrepreneurs. We lectured on raising capital for real estate projects through crowdfunding platforms, as well as real estate financing options, preconditions to raising money through a crowdfunding intermediary, and borrowing and investment disabilities.

December 10, 2019

Lecture on Historical Real Estate Rights of Kibbutzim

Adv. Hagit Ben Moshe lectured today at the Land Management Forum for kibbutz officers. Hagit provided an overview of recent rulings on the historical real estate rights of kibbutzim.

December 10, 2019

Modifications to an Apartment at the Purchaser's Request Do Not Constitute Just Cause for Late Delivery of Possession

A recent judgment by the Hadera Magistrate's Court holds that modifications to an apartment made at a purchaser's request do not constitute just cause for late delivery and that the purchaser must be compensated for any delay.

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December 5, 2019

Urban Renewal Authority Halts Projects Due to Improper Obtaining of Signatures

Our firm was interviewed by Globes on the Urban Renewal Authority's latest initiative to limit the addition of space in the apartments of pinui-binui projects to 12 square meters. We explained that this reduction represents another decrease in entrepreneurs' profit, thus jeopardizing the promotion of projects in this field.

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