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April 1, 2025
New Extension Order Improves Wage Terms in Israeli Catering Sector
A new extension order for the institutional catering sector took effect on April 1, 2025, applying the 2022 collective agreement to all employers and employees in the industry. The order improves conditions for one of the most underpaid and overworked groups in the labor market.
April 1, 2025
Court Victory in Franchise Law: Win for the “Kfar HaSha’ashuim” Retail Chain
Our firm achieved another significant legal success in the field of franchise law, representing the “Kfar HaSha’ashuim” retail chain in a lawsuit against a former franchisee. The court accepted our client's claims and ruled that the franchisee had unlawfully used the brand after the termination of the agreement, emphasizing that franchise relationships are not binding once the contract ends. The case was led by Advs. Eran Weiner and Hadar Gonen.
March 31, 2025
Across Generations: Connecting Israel’s International Arbitration Community
We hosted an event focused on international arbitration, led by Adv. Lina Makhuli and Adv. Zohar Lande. The event was held in collaboration with IFIA – the Israeli Forum of International Arbitration, and ILVYAP – the forum for young arbitration lawyers, in which Adv. Lina Makhuli serves on the founding and managing committee, alongside Adv. Ksenia Zemskov, Dr. Miriam Feinberg, and Adv. Shay Lechter.
The event featured roundtable discussions on various topics – from practical insights into professional development to tips for building a successful career in the field.
March 30, 2025
Trump’s Order May Refocus FCPA Enforcement on Foreign Competitors
President Trump’s recent Executive Order, which seeks to reduce enforcement of the anti-bribery and anti-corruption provisions of the Foreign Corrupt Practices Act, may be perceived as a declaration of an expected reduction in enforcement measures against American companies suspected of making unlawful payments to foreign parties in order to gain business advantages.
March 30, 2025
Israeli Women in Tech Compliance Conference with Microsoft
The conference on technology regulation and compliance challenges in the age of artificial intelligence was held under the leadership of our firm, in collaboration with Microsoft Israel. The event focused on the impact of artificial intelligence on legal strategy and the evolving regulatory landscape. We extend our sincere thanks to the organizers, speakers, and participants for their valuable contributions, insightful discussions, and for advancing a meaningful and in-depth dialogue on these cutting-edge topics. The conference was led by Dr. Avishay Klein and Adv. Masha Yudashkin from our firm's Privacy, Cyber, and AI Department.
March 27, 2025
Yozmot - Real Estate Development: Successful Bond Issuance Completed!
Yozmot - Real Estate Development, an entrepreneurial contracting company specializing in urban renewal, has successfully completed its inaugural bond issuance and is now listed on the Tel Aviv Stock Exchange, raising approximately NIS 50 million.
The offering was supported by Advs. Elad Reshtick from our firm's Capital Markets Department.
March 26, 2025
AI Becoming More Human than Ever: Are Service Agents on Their Way Out?
AI is becoming emotionally intelligent, with new models designed to recognize and respond to human emotions. Tech companies are investing in emotional AI to improve customer service, potentially making AI agents more empathetic and, than human representatives. Dr. Avishay Klein, partner and head of our Privacy, Cyber AI Department, spoke to Globes about what the near future of this technology might look like.
March 26, 2025
Barnea: Representing Danshar in the Sale of Its Pop Star Popcorn Brand
Advs. Gal Rozent and Irit Brodsky represented Danshar in all competition-related aspects concerning the sale of its private label for U.S.-imported microwave popcorn. The sale was made to food company Sugat, which is owned by the Fortissimo investment fund.
March 25, 2025
Can ChatGPT Be Sued in Israel? Israeli Court Issues Its Ruling
The District Court in Israel recently ruled that it has jurisdiction to adjudicate a class action filed against OpenAI, the creator of ChatGPT.
March 24, 2025
Pay Attention: Clearview AI to Pay Landmark Amount for Collecting Biometric Data Without User Consent by Scraping
Recently, a US District Court in Illinois has granted final approval to a settlement in the Clearview AI consumer privacy litigation, concerning the company’s controversial practices of collecting and storing biometric facial recognition data. This should serve as a reminder that US state privacy laws are as relevant as ever and that their violation may lead to significant penalties.
March 24, 2025
“Angels Law” Promotes Investments in Israeli High-Tech Startups
In February 2025, the Israeli Tax Authority published an Income Tax Circular outlining the conditions and principles of the new Angels Law, focusing on the tax benefits granted to investors in early-stage companies that qualify as R&D companies.
March 23, 2025
New Legal Protections for Bereaved Employees in Israel
The Families of Fallen Soldiers Law was amended recently, which prohibits employers in Israel from dismissing any employee who is a member of a fallen soldier’s family (“bereaved employee”), from docking his/her wages, from reducing his/her appointment percentage and from sending him/her home on unpaid leave during the year of mourning.
March 23, 2025
Barnea: Representation of Munich Re in $2.6 Billion Acquisition of Next Insurance
Advs. Ariella Dreyfuss and Dean Weinberg from our corporate department assisted Munich Re, together with our colleagues at Kirkland Ellis, on its definitive agreement to acquire Next Insurance for 2.6 billion dollar acquisition. They were supported by Advs. Hanna Daher and Fadi Atallah from our tax department; Adv. Netta Bromberg, head of our employment department; and Dr. Avishay Klein, head of our privacy law, cyber, and AI department.
March 20, 2025
High-Income Earners in Israel Prepare to Pay an Additional Surtax
As of 2025, an additional 2% surtax will be imposed specifically on taxable capital income (income from dividends, interest, capital gains from real estate sales and other capital sources) exceeding the maximum of ILS 721,560. This means that taxable capital income exceeding the maximum will now be subject to an inclusive surtax of 5%.
March 20, 2025
Tax Conference of the Israel Bar Association: Advs. Harel Perlmutter and Maya Carmi
Advs. Harel Perlmutter and Maya Carmi Lubartovski from our firm participated in the Tax Conference of the Israel Bar Association (Southern District). The conference covered various aspects of taxation, including real estate tax, income tax, and VAT. Harel and Maya participated in a panel on Trust Taxation, discussing the practical application of trust taxation (income tax and real estate tax) and how it is actually carried out in practice
March 18, 2025
Adv. Harel Perlmutter on N12 News: The Largest Exit in Israeli High-Tech History
Adv. Harel Perlmutter, partner and head of our firm's Tax Department, was interviewed yesterday on N12 News Israel's main news edition regarding the largest exit in Israeli high-tech history.
He discussed the tax implications of the deal, stating: "Between 12 and 16 billion NIS will flow into the state's coffers, covering nearly 10 percent of the national deficit with this deal alone
March 13, 2025
Bank of Israel Releases Preliminary Digital Shekel Design for Public Comment – A Real Opportunity for Competition and Innovation?
Last week, the Bank of Israel published a preliminary design of the central bank’s Digital Shekel system. In a detailed document, holding more than 100 pages, the Bank of Israel presents guiding principles and a work plan for further advancing this ambitious project.
March 13, 2025
New Real Estate Brokers Regulations in Israel Require Professionalism, Transparency, Fairness, and Accountability
On March 9, 2025, the Real Estate Brokers Regulations (Ethics and Professional Duties) of 2024 came into effect which, for the first time, impose rules of ethics and binding professional obligations on all real estate brokers in Israel and regulate key aspects of real estate brokers’ work.
March 13, 2025
Adv. Roy Engel with IHFA: Cayman Islands Hedge Funds.
Adv. Roy Engel from our firm recently took part in a webinar on Cayman Islands Hedge Funds, hosted by the Israel Hedge Fund Association (IHFA). Roy discussed the latest regulatory and corporate governance requirements in the Cayman Islands. The session was both highly relevant and informative!
March 12, 2025
Isracard Purchased 30% of Bizi For Tens of Millions of Shekels
IsraCard has acquired one-third of the shares in the fintech company BIZI, which provides loans to small businesses through a digital platform, at a valuation of 90 million NIS (pre-money).
Advs. Ilan Blumenfeld, Daniel Kleinman, and Shahaf Arbely from our firm advised BIZI in this transaction.