Latest Updates

June 10, 2019

The Difference between a Distributor and an Agent in the Law's Eyes

Do you sell, market, or distribute someone else’s goods in Israel? Your role, whether as a distributor or as an agent, affects the rights you are entitled to by law.

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June 4, 2019

Innovation in Israel – Legal Aspects: Interview with Adv. Simon Jaffa

This month, The Lawyer explored Israel’s innovation scene, interviewing leading lawyers, including Adv. Simon Jaffa, for insights into the local legal landscape. Simon discussed how legislation often lags behind technological developments and emphasized that a tech lawyer’s most important role is to help startup clients take calculated risks. This requires more than telling clients what they cannot do: it means understanding the risks, assessing potential exposure, and helping management make informed decisions that are right for the company.

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June 3, 2019

Barnea Represents Johnson & Johnson Innovation in Investment Round in Techsomed

Adv. Micky Barnea, Adv. Ariella Dreyfuss, Adv. Itay Gura, and Adv. Mayer Winkler represented Johnson Johnson Innovation (JJDC) in an investment round in the Israeli medtech startup Techsomed Medical Technologies Ltd. Founded in 2012, Techsomed has developed an image analysis system that helps track tissue response to thermal ablation, the process of destroying tumors using extreme heat or cold. Techsomed intends to use the funding toward receiving regulatory approval in the US, Europe, and Japan. JJDC led the company's current round of financing, which included both former and new investors, such as Screen Holdings, the Alfred Mann Institute at the Technion (AMIT), NextLeap Ventures, and Axil Capital.

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June 2, 2019

Event Invite: Privacy Regulations – Is Your Business Ready?

The entry into force of the GDPR and Israel’s information security regulations is among the most significant legal developments of recent years. These rules affect not only local organizations and businesses but also companies seeking to operate in the relevant jurisdictions. Join us for an event offering practical guidance and tips on understanding and complying with the obligations that apply to your organization.

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May 30, 2019

Guidelines for Standardization of Contracts and Tenders of Infrastructure Companies in the Area of Transportation

In light of the rise of investments in transportation projects, new guidelines were issued for infrastructure companies operating on behalf of the Ministry of Transport, requesting such companies adopt binding standards on several issues regarding contracts and tenders.

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May 27, 2019

Adv. Yuval Lazi at Largest Annual International Cybersecurity Event

Adv. Yuval Lazi will participate in the upcoming Cyber Week event. Yuval will take part in the UK-IL Roundtable on the topic of Online Safety.

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May 27, 2019

Israeli Registrar of NGOs Presents a New Policy – Certificate of Proper Management Valid for Two Years

The Israeli Registrar of Amutot and Dedications has changed its policy on the granting of certificates of proper management to Amutot and public benefit companies (PBC). From now on, any Amutot and PBC that meets particular criteria will be entitled to receive a certificate of proper management valid for two years, instead of for one year, as was the case until now.

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May 26, 2019

Hosting a Delegation of German Medical Companies

Our firm hosted a delegation of German companies as part of Tech7’s collaboration with SCE through the Bavarian Israeli Partnership Accelerator (BIPA) program.

May 23, 2019

Irish Investigation Against Google: Privacy Infringement for the Purposes of Targeted Advertising

Adv. Anat Even-Chen spoke to TheMarker about the Irish Data Protection Commission’s investigation into Google’s alleged violations of the GDPR. Anat explained that the investigation focuses on online advertising services and that its findings could affect adtech companies worldwide, including in Israel.

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May 20, 2019

Institute of Certified Public Accountants and Association of Internal Auditors Petition Supreme Court

Our firm is representing the Institute of Certified Public Accountants and the Association of Internal Auditors in a petition with the Supreme Court against the Government Companies Authority (GCA). It is requesting that the court revoke the GCA circular stating that an internal auditor of government companies rated 7 and above must be a salaried employee and not outsourced. The petition was filed by Adv. Zohar Lande, Adv. Eyal Nachshon, and Adv. Adi Shoham of the Litigation Department.

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Article from The Marker

May 15, 2019

Barnea Represents VVNP in Investment Round in Aleph Farms

Our firm represented the Singapore-based venture capital fund VisVires New Protein (VVNP) in an investment round in Aleph Farms, an Israeli food-tech startup.

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May 14, 2019

First Time in Israel: Enhanced Scrutiny Standard Leads to Issuing of Interlocutory Injunctions

This ruling constitutes a precedent in the way the court applied the standards of judicial review and held that the business judgment rule should not be applied if business decisions are made by officers while in a state of conflict of interest.

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May 13, 2019

Advertising Message or Informational Content? - How Israeli Courts Interpret the “Spam Law”

More and more people have begun filing claims on the grounds of violations of the “Spam Law.” Israeli courts, for their part, are conveying an encouraging message to consumers in their latest rulings: they are awarding significant compensation and are certifying class actions against advertising companies and also against officers.

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May 7, 2019

Dual-Listed Companies: Updated Information

The Israel Securities Authority has published a position paper summarizing updated information about the processes for listing and delisting dual-listed companies on the Tel Aviv Stock Exchange and additional stock exchanges abroad. The position paper provides information both to dual-listed companies and companies considering dual listing.

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May 7, 2019

Administrative Petition Filed Against Our Client Following Tender Win

Our firm is representing the Tel Aviv Taxi Organization in an administrative petition filed against after its win in the Tel Aviv cluster of a two-stage competitive process conducted by the Ministry of Transport. The organization is represented by Adv. Zohar Lande, Adv. Eyal Nachshon, and Adv. Adi Shoham of the Litigation Department.

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May 6, 2019

Redomiciling an Israeli Public Company to Delaware

On April 12, 2019, Arcturus Therapeutics Ltd., an Israeli public company traded on NASDAQ, published in the United States a prospectus and proxy statement (convening a general meeting of shareholders of the company). Publishing the prospectus is an advanced step toward completing an arrangement between the company and its shareholders.

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May 1, 2019

Israeli Court Issues Principled Ruling on Banks’ Conduct with Monies Originating from Digital Currencies

The Tel Aviv District Court issued a ruling recently on a case concerning a bank’s conduct with funds whose source is digital currencies. The court expressly ruled that the bank’s blanket ban on the opening of bank accounts by clients engaging in digital currency activity is unreasonable.

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April 29, 2019

2019: The Rise of Femtech

In the past three years, an estimated $1 billion has been invested in women’s health technology, and according to Pitchbook, femtech raised $650 million in VC funding last year alone and $241 million so far this year. Still since just around 6% of all decision-makers at U.S. venture capital firms being female, it is not surprising that it is difficult to secure funding for women’s issues.

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April 28, 2019

Israeli Authorities Taking Action to Lower Barriers in Urban Renewal Projects

In light of the complexity of urban renewal projects, and in order to promote further urban renewal, Israeli authorities have begun taking action to create mechanisms and implement changes to convince apartment owners and entrepreneurs that urban renewal projects are feasible and worthwhile.

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April 28, 2019

TASE Promotes a Proposal for the Entry of Nostro Players as TASE Members

On April 7, 2019, the Tel Aviv Stock Exchange (TASE) published a proposed amendment to the Stock Exchange Regulations, whereby the barriers to the entry of new TASE members will be removed and for the first time Israeli entities will be allowed entry into the stock exchange even if they operate exclusively for nostro.

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