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March 21, 2024
Fatphobia: Workplace Discrimination Lawsuits in Israel
The Israeli National Labor Court reversed the Regional Labor Court’s ruling and ruled that the demotion of a football referee to a lower league derived from irrelevant considerations of weight and appearance.
March 20, 2024
Israel Raises Minimum Wage
According to the update, which will take effect on April 1, 2024, the minimum wage for a full-time job will be ILS 5,880.02. The increase will also be reflected in the sums of social contributions to provident and severance pay funds, vacation pay, overtime pay, and sick pay.
March 19, 2024
New Method Threatening the Rule of Managers in the Stock Market
As an expert on control struggles, Micky Barnea was interviewed by Globes for an article on the Amir brothers' takeover of Shufersal. Micky explained the significance of holding less than 25 percent of a company and the tools available to the Israel Securities Authority in such transactions.
March 19, 2024
Swords of Iron War: Extension Order on Reservists' Rights
The provisions of the collective bargaining agreement came into effect upon the promulgation of the extension order. These provisions include directives regarding employee dismissals, rights of spouses of reservists, and more.
March 18, 2024
Changes in the Data Security and Cyber Market – Dr. Avishay Klein Interview with Globes
Dr. Avishay Klein, the head of our firm’s Privacy, Data Protection and Cyber Department, was interviewed by Globes and spoke about companies’ difficulties in managing cyber risks under the current circumstances.
March 18, 2024
Swords of Iron War: Payment of Wages to Absent Employees
An extension order applies the provisions of the collective bargaining agreement and regulates the payment of wages to employees who were unable to report to work due to the Swords of Iron War.
March 14, 2024
DSA: New European Digital Services Act for Online User Protection
Companies which distribute content online have been subject to the European Union’s Digital Services Act (DSA) since February 2024, which obligates them to protect their users from offensive and illegal content, enable users to report such content, etc. The DSA applies to any company whose content is accessible to European audience, regardless of its country of incorporation or the identity of its owners.
March 13, 2024
Terry Almozlino Arnon Attends Dun’s 100 Real Estate Forum
Terry Almozlino Arnon attended the Dun’s 100 forum for senior legal professionals in the real estate field. She noted, "Real estate is a main artery in the economy and there is no area it does not touch. A real estate slowdown simulates a clogging of the arteries, and just as the body cannot survive long in such a state, neither can the economy." To continue reading, click here.
March 13, 2024
Europe: AI Act to Supervise the Development of AI Technologies
The AI Act applies, similar to other European legislation, to companies not based in the European Union but have activity in the Union. Therefore, it may also affect Israeli companies offering services in Europe.
March 12, 2024
Supreme Court Issues Important Ruling on Shareholder Disputes
Zohar Lande, Eran Winner, Lina Makhuli, and Chen Segal from our Litigation Department represented Panda, a private company embroiled in a shareholder dispute that caused a deadlock within its decision-making bodies. The dispute reached the Supreme Court, which issued an important and precedential ruling. The Court accepted the company’s position and outlined the proper manner for managing and resolving shareholder disputes, as well as rules of thumb for dealing with deadlocks in private companies. These included the option to classify a director in a private company as having a "negative personal interest" and even the possibility of not bringing a transaction for approval before the board’s general meeting.
March 11, 2024
Informal Agreements or a Binding Contract?
A new Israeli Supreme Court ruling redraws the boundaries for recognizing agreements and signals that informal agreements may also be legally binding.
March 11, 2024
Israel Innovation Authority: New Startup Fund “Boost for High-Tech”
The Israeli Innovation Authority hopes to encourage the growth of start-up companies with innovative technologies through the launch of new start-up funds, which will invest in Pre-Seed, Seed and Round A rounds.
March 7, 2024
Barnea: Representing Gencell in NIS 16 Million Lawsuit
Gal Livshits, Yatir Madar, and Liron Dahan from our firm’s Litigation Department are representing Gencell in a NIS 16 million lawsuit against the car importer EV Motors as well as Holon Motors. The suit alleges the defendants owe Gencell NIS 4.5 million for systems and equipment they purchased but did not pay for.
March 7, 2024
Barnea: Appointment of Four New Partners
We are pleased to announce the appointment of four new partners – Inbar Gorelick from the Corporate Department, Zohar Haim Levinger from the Litigation Department, Hani Shraier from the Kibbutz Sector Department, and Eran Elharar from the Capital Markets Department.
March 7, 2024
Regulation of Payment Services in Israel – Latest Developments
The Israel Securities Authority’s publications in recent months do not reflect the final version of the directives, but indicate the ISA’s approach when regulating payment services: setting out the licensing process and the licensing requirements, defining criteria for exemptions, technological requirements, safeguarding and protecting customers’ funds, examining service providers’ integrity, etc.
March 5, 2024
Copyright: US Court Rejects Some of the Claims against OpenAI
The subjects of copyright and the protection thereof are core issues for companies that use artificial intelligence (AI) technology. Therefore, it is important to ensure that the agreements in place between different players in the economy and AI technology providers include provisions that protect such players against legal claims in relation to copyright
March 4, 2024
New Workplace Guidelines on Privacy Protection: Dr. Avishay Klein’s Guide for Employers Published on Mako
Israel’s Privacy Protection Authority has published new guidelines on the collection of biometric information in the workplace. In response, Dr. Avishay Klein, the head of our firm’s Privacy, Data Protection and Cyber Department, has compiled a practical guide for employers on the subject The guide was published on Mako.
March 3, 2024
Israel Securities Authority: Oversight of Unsupervised Entities
In a paradoxical twist, the Israel Securities Authority also monitors unsupervised entities, to prevent them from exceeding their operational parameters without a license. Consequently, the ISA possesses the power to request documents and information from these entities, emphasizing the importance of responding honestly and comprehensively to such demands.
February 29, 2024
Fintech: Dr. Zvi Gabbay Lectured at Reichman University
Dr. Zvi Gabbay, the head of our firm’s Capital Markets Department, lectured at Reichman University. In this lecture, he offered insights into the convergence of regulatory frameworks and fintech verticals, shedding light on how to navigate and comply with evolving regulatory conditions.
February 28, 2024
Barnea: Advising Tel Aviv University’s Student Exchange Program
Eyal Nachshon and Irit Brodsky, together with our firm’s administrative staff, is helping to guide Tel Aviv University’s student exchange program. As part of the program, the team met with Prof. Yishai Blank, the Dean of Tel Aviv University’s Faculty of Law.