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August 18, 2019

Administrative Enforcement Committee Approves Agreement between ISA and Kitov Pharma Ltd.

The Administrative Enforcement Committee of the Israel Securities Authority (ISA) approved an administrative enforcement agreement between the ISA, Kitov Pharma Ltd., and a few of its officers. According to the agreement, which concludes the criminal investigation by the ISA, the company and its officers will pay a monetary sanction. Our firm represented the company and its CEO in the process.

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August 18, 2019

First-Time Fine Imposed for GDPR Violations Involving Employee Data Breach

The Hellenic Data Protection Authority (HDPA) recently imposed a EUR 150,000 fine on the international consulting firm PwC for its violations of the new European data protection regulations (the General Data Protection Regulations, or GDPR).

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August 15, 2019

Maurice Haliwa Increases Claim against Jacky Ben-Zaken and Avraam Nanikashvili

Our firm continues to represent Maurice Haliwa, a shareholder in Manor A.D. Construction Investments Ltd., in a lawsuit against Jacky Ben-Zaken and Avraam Nanikashvili. Haliwa recently increased the amount of the original lawsuit from ILS 18 million to ILS 100 million. Adv. Zohar Lande and Adv. Yatir Madar represent the client.

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August 14, 2019

Barnea Represents Motive Partners and LPA in Acquisition of Modelity Ltd.

Barnea represented Motive Partners, a US-based private equity fund, and LPA, its German daughter company, in the acquisition of Israeli fintech company Modelity Ltd. Adv. Yuval Lazi, Adv. Uri Hillel, and Adv. Mayer Winkler represented the buyer.

Article from Calcalist

Article from Globes

August 13, 2019

Barnea Represents ISS Global in Disposition of Its Holdings in Israel

Our firm represented the Danish catering and cleaning services company ISS Global in the disposition of all its holdings in Israel. ISS was advised by Adv. Simon Jaffa, Adv. Yuval Lazi, Adv. Danny Boguslavsky, and Adv. Chen Nadir.

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August 12, 2019

Renting or Leasing out an Apartment? Here’s What You Should Know

Adv. Alon Wolner published an article on the Walla news site on the rights and obligations of lessors and lessees.

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August 11, 2019

Managing an Investment Portfolio for Family and Friends

We were interviewed by the radio station Kol Israel Reshet Bet on how to manage investment portfolios for friends and family. Capital market professionals must be careful, since managing an investment portfolio requires a license. Even when advising family and friends, professionals are subject to duties and may be exposed to risks and claims. (Starting at 03:10.)

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August 8, 2019

Barnea Represents Anzu in Investment Round

Our firm represented the Israeli startup Anzu (Anzu.io) in a USD 6.5 million fundraising round. Anzu developed a platform for game developers that allows the integration of advertisements into the game world.

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August 8, 2019

Supreme Court Rules in Favor of Espresso Club

The Supreme Court rejected all claims brought by Nespresso and Nestle against our client, Espresso Club, over an advertisement featuring a George Clooney look-alike. The companies alleged that the advertisement infringed their intellectual property rights, but the Court ruled in favor of Espresso Club. The decision marks a significant ruling on commercial advertising content. Espresso Club was represented by Adv. Zohar Lande, head of our Litigation Department.

Article from Globes

Article from Daily Mail

August 8, 2019

Entities with Relatively Small Market Shares May Also Be Deemed Monopolies

Six months after the amendment to the Economic Competition Law took effect, the Competition Authority published its position regarding the circumstances in which even an entity with less than a 50% market share may be deemed a "monopoly holder."

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August 4, 2019

Lecture at Hebrew University's TIP 2019 International Summer Program

Adv. Ariella Dreyfuss lectured today to participants of Hebrew University's International Transdisciplinary Innovation program on the first legal steps of launching a tech initiative.

August 4, 2019

New Restrictions on Hedge Funds in Israel

The Israel Securities Authority recently published a staff position that has material implications on the hedge fund sector in Israel and on the investor public, including the mode of incorporation of hedge funds and the limit on the number of investors in a fund.

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July 31, 2019

Barnea Represents Israeli Actors' Association in Royalties Litigation Process Against Eshkolot

Our firm is representing Shaham, the largest actors' organization in Israel, as well as a group of artists, in a legal dispute with the management of Eshkolot, a company that handles collection, management, and distribution of royalties to all artists in Israel. Adv. Zohar Lande and Adv. Eyal Nachshon submitted a request to the Tel Aviv District Court (Economic Department) to receive documents before filing a derivative claim over irregularities and defects. The request asks Eshkolot to present information on the manner in which royalties are collected from various broadcasting organizations.

Article from Calcalist

Article from Globes

July 31, 2019

Dramatic Decision on the Taxation of Trusts in Israel

The Tel Aviv District Court handed down a decision a few days ago rejecting the Israel Tax Authority’s (ITA) position on the conveyance of real estate properties to trusts. This decision dramatically changes the taxation of trusts in Israel.

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July 29, 2019

Payment Apps Will Enter Small Businesses

Bank of Israel published a position paper with respect to the activity of banks' payment apps in the B2C market. The position paper is the conclusion of a long battle waged by credit card companies against the banks.

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July 29, 2019

Software Companies No Longer Subject to Expansion Orders in the Field of Industry?

A new ruling may affect due diligence employment findings and reclassify high-tech companies as companies operating in the industrial sector.

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July 29, 2019

Op-Ed Featured in Law360

An op-ed in Law360 discusses the SEC's treatment of two recent events—the federal suit against Kik Interactive and Facebook's announcement on the launch of a new digital currency.

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July 28, 2019

Precedential Ruling on Taxation of Real Estate Conveyance to Trusts

Adv. Harel Perlmutter was interviewed by TheMarker following a precedential ruling by the Tel Aviv District Court, which determined that the conveyance of Israeli real estate to a trust is not a tax event. Harel noted that the ruling opens up many interesting ways to plan and manage intergenerational transfers of wealth and real estate, without tax being a negative factor and affecting the process.

Article from The Marker

Article from Globes

July 28, 2019

Barnea Represents Eva Fashion in Dispute with Ilan Bioculture

Our firm is representing Eva Fashion in a dispute with Ilan Bioculture, a cannabis plants company seeking to cancel the investment agreement it signed with Eva Fashion.

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July 24, 2019

When the Privacy Watchdogs Bare Their Teeth

July 2019 brought an escalation in the enforcement of privacy infringements by companies around the world. These events underscore the trend that began with the GDPR taking effect and should lead any business entity coming across personal information.

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