Latest Updates

November 6, 2022

New Regulations Exempt Credit and Financial Service Providers from License Requirement

To make it easier for fintech companies to operate in Israel, the Knesset Finance Committee has passed regulations to exempt several types of credit providers and financial service providers from a licensing duty.

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November 6, 2022

Ransomware Attacks – New Israeli Justice Ministry Recommendations

In light of the increase in fraud crimes in the digital space, the Israeli Justice Ministry has formulated recommendations for defining a policy to contend with ransomware attacks. The recommendations relate to both private entities and government bodies. The new recommendations are part of a more comprehensive examination conducted by the Justice Ministry of enforcement authorities’ handling of these cyberattacks, including regarding the provision of support to entities under attack, assistance to victims of fraud in the digital space, investigation, and enforcement.

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November 3, 2022

Eyal Nachshon Op-Ed in Ahad Ha’am Magazine

Eyal Nachshon, a partner in our Litigation Department, has written an op-ed addressing the new amendment to Israel’s class action regulations, which may harm the rights of public companies (page 14).

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November 3, 2022

New Draft Regulation on Financial Asset Service Providers

The Israeli CMISA published two draft circulars about its intent to tighten the supervision over crypto assets, in the wake of the Celsius crypto meltdown.

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November 3, 2022

Barnea: Representing Butcher Chain against Motion to Certify Class Action

Eyal Nachshon and Zohar Haim Levinger represented the Maadaney Gourmet butcher chain against a motion for certification of a class action filed against it. The claim alleged the chain violated provisions of the Economy Ministry's competitive procedure for 2018 regarding the import of fresh meat exempt from customs duty. After a long and in-depth mediation process, the parties reached a settlement agreement. Maadaney Gourmet agreed to donate food products to those in need, thus bringing the litigation process to an end.

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November 2, 2022

The Courts and the Metaverse – Service of Process through NFTs and Other Innovations

Extensive business activity in the metaverse and in the crypto sector is forcing judicial systems worldwide to evolve. Will the judicial system in Israel follow suit?

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November 2, 2022

Precedent-Setting Israeli Supreme Court Ruling Limits Possibilities of Service of Process to a Foreign Company

The new ruling has significant implications since the question of service of process also involves the Israeli court’s acquisition of international jurisdiction to adjudicate a proceeding.

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October 30, 2022

Ministry of Economy and Industry Increases Enforcement Measures

The Ministry of Economy and Industry’s Labor Branch – Regulation and Enforcement Administration is increasing enforcement measures in workplaces with regard to the fulfillment of employer obligations and employee rights.

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October 27, 2022

Dun's 100 Legal Forum for Senior Employment Law Professionals

Netta Bromberg, the head of our firm's Employment Department, participated in the Dun's 100 forum for senior legal professionals in the field of employment law. The forum discussed such relevant issues as sexual harassment in the workplace and remote work. Netta addressed recent changes in the world of employment and their impact on labor laws.

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October 27, 2022

Interesting Ruling Regarding Workplace WhatsApp Group Chats and Wrongful Termination

Removing an employee from the workplace’s WhatsApp group chat before a hearing may expose employers to wrongful termination claims.

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October 27, 2022

Barnea Represented Mouro Capital in USD 80 Million Investment in Vesttoo

Ariella Dreyfuss represented Mouro Capital as the lead investor in an USD 80 million Series C financing round in the Israeli insurtch startup Vesttoo. The investment was based on a company valuation of USD 1 billion.

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October 27, 2022

Legal Aspects of SAFEs (Simple Agreement for Future Equity)

Since a SAFE is a relatively standard agreement, there is no need for lengthy negotiations on comprehensive investment agreements. A SAFE defines clear rules about the investor’s rights (which include, inter alia, rights similar to those the next investors in the company receive during future rounds of funding).

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October 26, 2022

No Freebies? Harel Perlmutter Interview with "Tzeva Hakesef"

Many companies and businesses work with influencers to advertise their products on social media. This type of cooperation has tax implications. Harel Perlmutter, the head of our firm's Tax Department, was interviewed for the podcast "Tzeva Hakesef" (with Yair Weinreb) about the issue.

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October 25, 2022

All Government Ministries Must Submit Climate Action Plans by the End of 2023

This week, the Israeli government approved the joint proposal submitted by the Prime Minister and the Minister of Environmental Protection to obligate all government ministries to formulate climate action plans. The proposal was approved ahead of the upcoming United Nations Climate Change Conference, which will be held in Sharm El Sheikh, Egypt.

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October 23, 2022

Zohar Lande Participated in Dun's 100 Commercial Litigation Forum

The forum discussed burning topics on the judicial agenda and referred, inter alia, to the connections between Israeli law and the international arena. Zohar addressed this topic and explained that “we have been witnessing a trend in recent years whereby Tel Aviv has become a hub for international legal proceedings.”

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October 6, 2022

Barnea: Representing Metuka Bakery in Sale to Adi Cohen, Former CEO of Tiv Ta'am

Ilan Blumenfeld, Yuval Lazi, and Dor Levi-Tam represented the founders of the coffee shop/bakery chain Metuka in the company's sale to businessman Adi Cohen, former CEO of Tiv Ta'am.

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October 3, 2022

Israel Declares Independence of Privacy Protection Authority in Ministry of Justice

This declaration will help to maintain the European Union’s continuing recognition of the State of Israel as a country whose data protection laws are on par with the European Data Protection Regulation.

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October 3, 2022

Doing Business in Israel: Forming a Limited Liability Company in Israel

The Israeli Companies Law enables local and international businesses to engage in business activity easily and with relative efficiency and The procedure for forming a limited liability company is relatively simple.

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October 2, 2022

Barnea: Representing Pronto Diagnostics and Owners in Sale to Novolog

Sagi Gross and Dor Levi-Tam represented Pronto Diagnostics and its owners in a transaction to sell control of the company to Novolog. Pronto operates in the field of molecular genetic diagnostics.

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September 21, 2022

Harel Perlmutter Featured on “Tzeva Hakesef” Radio Program

Harel Perlmutter, the head of our firm’s Tax Department, was interviewed on the radio program “Tzeva Hakesef” about the latest storm surrounding apartments registered in the name of social media personality Hadar Mokhtar. Harel explained the issue and discussed the tax implications of registering an apartment in your child's name.

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