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Latest Updates / Capital Markets
November 20, 2025
Israeli Fintech Innovation: Chargeflow Raises USD 25 Million
We advised the Israeli startup Chargeflow, the developer of an advanced automation platform for preventing credit card fraud and chargeback disputes, on its USD 25 million Series A funding round, alongside a USD 10 million debt raising, led by Viola Growth. This financing adds to the company’s prior fundraising, bringing the total capital raised to USD 49 million. Adv. Yuval Lazi, a partner and head of the firm’s International Commercial Department, together with Adv. Nofar Rose David advised the company in this transaction.
October 20, 2025
Rami Levy Case: Redefining Personal Liability in Public Companies
Adv. Omri Oren, a partner in the Capital Markets Department, and Adv. Hadar Israeli, a partner in the White-Collar Department, published an op-ed in Calcalist discussing the legal implications and governance challenges arising from the Rami Levy case, which underscores the boundaries of personal liability for CEOs and directors in public companies.
October 15, 2025
Hagag Development Europe: Expansion of Series E Bonds
Advs. Elad Reshtick and Raz Landau from our firm represented Hagag Development Europe in the successful expansion of its Series E bond issuance, raising approximately ILS 94 million at an interest rate of 5% and a weighted average duration of 3.1 years. The transaction follows the company’s recent success in securing five additional international tenders for the construction and development of natural gas infrastructure, with an expected total consideration of approximately EUR 16 million.
October 5, 2025
Reforming Payment Models for Securities and Advisory Services
On the eve of Rosh Hashanah, a joint task force from the Bank of Israel, the Ministry of Finance, and the Israel Securities Authority published an interim report for public comments, proposing a major reform in the way financial institutions (mainly banks, TASE members, and other players) are paid for securities services and investment advice.
October 1, 2025
Adv. Elad Reshtick in TheMarker: Real Estate Entrepreneurs Turning to Capital Market
Adv. Elad Reshtick, a partner in our Capital Markets Department, was interviewed for a feature by TheMarker of leading experts in the field, which sheds light on a growing trend in the Israeli real estate market. Small and mid-sized developers with substantial real estate activity are increasingly turning to the stock exchange to raise capital through public offerings and debt issuances. These entrepreneurs manage hundreds of millions of shekels and continue to demonstrate financial resilience, maintaining a strategic focus on defensive sectors, particularly urban renewal projects.
September 25, 2025
First Series of Prediction Markets in the United States
Prediction markets have experienced rapid growth in recent years, thanks to the emergence of platforms attracting millions of users, such as Kalshi and Polymarket. These platforms have proven successful in predicting the outcomes of diverse events.
September 22, 2025
Barnea: Representation of Hagag Europe in a Public Offering Valued at ILS 50 Million
Hajaj Europe recently completed an approximately ILS 50 million public offering of shares and warrants. Adv. Elad Reshtik and Adv. Raz Landau from the firm's Capital Markets Department represented the company throughout the process.
September 21, 2025
ISA: Corporations Responsible for Supervising Fundraising Without a Prospectus
The Israel Securities Authority (ISA) recently published audit reports scrutinizing the activities of various investment ventures and corporations that raised funds from the public without publishing a prospectus. The reports revealed a series of failures.
September 7, 2025
Our New Podcast Is Now Live on Spotify – Barnea on Business!
We are excited to launch our new podcast, where we translate complex legal issues into practical tools you can apply in the real world. In each episode, our firm’s partners analyze current and key topics in the business world, including corporate law, MA, regulation and ESG, labor law, real estate, taxation, capital markets, and more, demonstrate how to put legal tools into action. This podcast is designed for anyone operating at the intersection of law and business and seeking hands-on knowledge and practical insights.
September 7, 2025
Podcast | Barnea on Business: "Proper Management of Board Meetings"
Adv. Omri Oren, a partner in our Capital Markets Department, leads a fascinating podcast episode on how to effectively manage board meetings. In collaboration with ACC on the Road, Omri explains the pivotal role of the legal counsel, highlights the critical interfaces between management and the board, shares the golden rules for drafting meeting minutes, and runs down everything you need to know to turn board meetings into a strategic tool for growth.
August 25, 2025
BITs: Why They Matter for Israeli Companies Operating Abroad
Imagine an Israeli startup expanding into Latin America, only to have its assets suddenly seized due to unexpected regulatory changes. Such scenarios highlight the risks of global operations amid legal and political uncertainty. Bilateral investment treaties (BITs) are critical tools that provide businesses with a protective framework to navigate these challenges. Understanding their importance and the protections they afford is essential for companies aiming to thrive in international markets.
July 27, 2025
Dr. Zvi Gabbay on Channel 10: A Historic Move by the US That Will Reshape the Crypto Market
Dr. Zvi Gabbay, a senior partner and head of our firm's Regulation Department, was interviewed by Channel 10 on the emerging US regulation of stablecoins. In the interview, he emphasized the importance of regulation to ensure financial stability and consumer transparency, compared the initiative to the already-established European framework, and discussed its expected impact on investors, entrepreneurs, and consumers, while highlighting the need to balance technological innovation with appropriate regulatory safeguards.
July 24, 2025
Calcalist Op-Ed: Board Requirements for Responsible Use of Artificial Intelligence
Adv. Omri Oren, a partner in our Capital Markets Department, emphasizes in his article in Calcalist the importance of integrating artificial intelligence within a board’s responsibilities. He calls for embedding AI into the organizational strategy, decision-making processes, and managerial oversight, with a focus on transparent policies, responsible use, and a deep understanding of opportunities and risks, aimed at fostering safe and effective organizational growth.
July 17, 2025
Adv. Harel Perlmutter on Walla News: The Upcoming Voluntary Disclosure Procedure for Digital Assets
Adv. Harel Perlmutter, a partner and head of the firm's Tax Department, was interviewed by Walla regarding the Israel Tax Authority’s upcoming voluntary disclosure procedure for holders of cryptocurrencies and digital assets. The new framework is expected to offer immunity from criminal proceedings for taxpayers who come forward, without an anonymous track and without relief from interest or inflation adjustments. The procedure will apply to assets such as Bitcoin, Ethereum, and NFTs, provided the disclosure is made before any investigation is initiated or relevant information reaches the authorities.
July 13, 2025
US Stablecoin Market Hits Milestone: Regulation and IPO
Two key developments in the US mark a step toward stablecoin market institutionalization. the US Senate approved new legislation regulating activities in the market for the first time, and Circle - the issuer of the USDC stablecoin, launched an IPO on the NASDAQ.
July 9, 2025
Interview with Micky Barnea: Potential SEC Policy Shift Could Impact Israeli Companies on Wall Street
Adv. Micky Barnea was interviewed by Globes regarding the US Securities and Exchange Commission’s proposal to tighten the criteria for foreign private issuers, a move that could affect around 100 Israeli companies currently traded in the US. These companies benefit from significant regulatory exemptions, including relief from filing quarterly reports and less stringent executive compensation disclosures. While the proposal primarily targets Chinese issuers, the implications for Israeli companies may be substantial, both in terms of regulatory burden and cost.
July 3, 2025
Mergers and Acquisitions – A Professional Lecture for CFOs by MAI
Adv. Ilan Blumenfeld, a partner and head of the Israeli commercial practice in the firm's Corporate Department, delivered the lecture “The Legal Aspects of Mergers and Acquisitions: Preparing a Company for Sale and/or Merger” as part of the CFO training program organized by the Manufacturers Association of Israel (MAI).
July 1, 2025
US-China Trade War: Challenges for Foreign Investors in Israel
Foreign direct investments (FDI) in critical Israeli infrastructure and services, especially by entities representing foreign countries, are subject to oversight, mainly to ensure national security.
June 30, 2025
A Practical Webinar: Revising the Compensation Policy
We are holding a practical and focused webinar with GCs for GCs, led by Adv. Hagit Ross and Adv. Omri Oren, partners in the firm's Capital Markets Department. The session will provide clear guidelines for building an effective compensation policy, including best practices for structure, mandatory components, and key considerations from regulatory, legal, and market perspectives that should inform the decision-making process. We will also take a close look at the special grant: when it is appropriate to include one, the rationale and circumstances for doing so, and how to best integrate it into the overall compensation framework, with a particular focus on the Israel Securities Authority’s current position and applicable legal requirements.
June 30, 2025
New Regulatory Framework to Detect and Prevent Crypto-Asset Fraud
The European Securities and Markets Authority (ESMA) recently published its final report on the guidelines for supervisory authorities to detect and prevent market fraud in crypto assets under the Markets in Crypto-Assets (MiCA) Regulation.