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March 21, 2021
Webinar: 10 Years of Administrative Enforcement in Israel
The Rina and Meir Heth Center for the Study of Competition and Regulation at the College of Management is holding a webinar with former judges and legal experts entitled “10 Years of Administrative Enforcement in Israel.” We were invited to participate in the lawyers’ panel of experts, which will examine the impact of administrative enforcement tools on violations of Israeli law.
March 12, 2021
High-Tech Companies’ IPOs – Meeting of Cultures on the Tel Aviv Stock Exchange
The corporate regime of public companies in Israel has developed around public protection against the controlling shareholder. These protections are not relevant to most high-tech companies, whose holdings are decentralized. Globes has published an op-ed by Adv. Micky Barnea on the subject.
November 26, 2020
What Do Massive Weddings Have to Do with Corporate Compliance?
Our firm organized a webinar for legal advisers and compliance officers, in partnership with ACC Israel. As part of the webinar, we lectured on the connection between ethics and obedience. Are they in competition or do they complement one another?
November 11, 2020
Lecture on Distribution and Marketing of Hedge Funds
We lectured today on the distribution and marketing of hedge funds as part of a virtual conference held in collaboration with the Israel Hedge Funds Association and the international law firm Katten Muchin Rosenman.
October 19, 2020
Barnea Represents Canomed in Issuing Series of Options
Our firm represented Canomed, a company engaged in cultivating, marketing, and selling medical cannabis directly to consumers, in the issuance of two series of options expected to raise ILS 6 million. Canomed is among the first companies to pursue the acquisition of pharmacies licensed to sell medical cannabis, giving it direct access to end consumers. The company already owns several such pharmacies.
October 15, 2020
Leaked FinCEN Files Harm the Fight Against Money Laundering
In mid-September 2020, a series of articles were published by a group of foreign journalists, based on the collection and analysis of over 2,500 leaked documents from FinCEN, the US equivalent of the Israel Money Laundering and Terror Financing Prohibition Authority. The leak of such sensitive information may cause banks and financial institutions to think twice before reporting suspicious financial activity, which would be a mistake. Read more in an op-ed in Calcalist.
September 15, 2020
It’s A New World Out There – Hedge Funds Navigating COVID
As part of our legal counsel to the Israel Hedge Funds Association, we are proud to be involved in the IHFA's 8th Annual Conference. The theme of the conference is “It's A New World Out There – Hedge Funds Navigating COVID.”
August 19, 2020
Lecture to Compliance Officer Training Course
As experts in the compliance field, we were invited for the fourth straight year to lecture a compliance officer training course organized by the BDO Academy of Finance and MITIGATE. This unique practical course is geared to compliance officers in international financial organizations. During the lecture, we discussed administrative enforcement and enforcement plans.
August 10, 2020
Establishment of New Investment Fund in Asia
Meitav Dash’s Liquidity Fund will partner with MUFG Bank, Japan’s largest bank, to establish a private investment fund in Asia. Incorporated in Singapore, the fund will provide credit to Asian companies through transactions that securitize future cash flows. Adv. Roy Engel and Adv. Yuval Lazi led our firm’s advice to Liquidity, which will provide management and underwriting services to the joint venture.
July 12, 2020
Dividend Distribution During COVID-19
The recent dividend distribution by TASE-listed Fox-Wizel Ltd., after receiving emergency funding from the Israeli government, raised ethical questions and highlighted the difficult choices facing many companies. In an op-ed published by Globes in response to the backlash, Adv. Micky Barnea discussed a central challenge: balancing the difficulties and uncertainties of the COVID-19 pandemic with companies’ desire and responsibility to continue operating as commercial enterprises.
May 27, 2020
Every Crisis Is an Opportunity – Webinar
On June 2, we will host a webinar together with the ACC addressing the opportunity to upgrade the role of compliance officer in light of the coronavirus crisis. The webinar is geared for compliance officers and legal counsels.
May 24, 2020
An Opportunity for Regulators
The Israel Securities Authority's current enforcement policy requires officers and companies that have acted in good faith to establish their good faith in administrative enforcement proceedings. Read an op-ed in TheMarker discussing how regulators can recalibrate this policy.
May 20, 2020
Doing Business in Israel – Practical Law
This year, we were once again responsible for preparing the QA guide on doing business in Israel for the Practical Law website. The guide provides an overview of recent key developments that have affected doing business in Israel, including the legal system, foreign investment, employment, tax, competition, privacy, and IP.
May 7, 2020
FIMI Acquires Control of Amiad Water Systems
FIMI Opportunity Funds, a private investment fund, recently acquired control of public company Amiad Water Systems Ltd. Adv. Micky Barnea represented Hachoshlim Fund Cooperative Agricultural Society Ltd., Amiad's largest shareholder, in the acquisition. As part of the deal, FIMI agreed to invest about USD 19 million in Amiad for a share allocation, thereby acquiring 5% more of the company's shares.
May 3, 2020
Capital Markets in the Age of Coronavirus
MA expert Adv. Micky Barnea was interviewed by Globes for an in-depth analysis of major deal cancellations amid financial uncertainty. The article explores how large corporations have the financial flexibility that smaller businesses and self-employed professionals can only dream of. According to Micky, “Starting in February, we noticed that time had become elastic. Typically, parties seek to maintain a steady pace, accelerating once they have shaken hands on a deal. Now, fewer people are rushing to complete transactions. They are taking time to see what happens next in the market.”
April 19, 2020
Mobileye Insider Trading Investigation: Representing Former Syneron VP in Settlement with SEC
On April 17, the United States Securities and Exchange Commission dropped its case against our client Amir Waldman. Waldman, the former vice president of Israel-based medical device company Syneron Medical Ltd., was alleged to have made USD 4.3 million via insider trading on an autonomous driving system technology developer. He will pay the SEC nearly USD 2.2 million to end a civil enforcement lawsuit, a New York federal district judge announced Friday. We commented on the decision: "As in many cases, here too, a negotiation was being conducted at the same as we were preparing for trial, and it ultimately ended with an excellent result. This is a civil not a criminal case, and the arrangement, under which Amir does not admit or deny the facts, allows Amir to move on."
April 5, 2020
Israel Capital Markets Authority Adopts Adv. Zohar Lande’s Strategy to Rescue Corporate Market
Dr. Moshe Bareket, the Director General of the Israel Capital Markets Authority, has proposed postponing payments, by deferring or replacing debt in order to raise interest rates to bypass a debt settlement, as part of a rescue plan for the corporate market. His proposal is largely based on the method presented by Adv. Zohar Lande, the head of our Litigation Department, in an op-ed published earlier this week.
March 29, 2020
Article: Bond Market Rescue – Debt and Interest Restructuring
The coronavirus crisis is affecting share prices as well as corporate bond prices and yields. In an article for Bizportal, Adv. Zohar Lande argues that the Israel Securities Authority should establish a “fast-track mechanism” allowing companies that meet specified criteria to opt into a debt restructuring arrangement.
March 19, 2020
Coronavirus: Is a Huge Wave of Debt Arrangement on the Way?
Adv. Micky Barnea was interviewed by Globes on the coronavirus’ effect on both the corporate and government bond markets.
February 23, 2020
Chambers TMT Guide 2020: Law in Practice
As experts in the TMT field, our firm was asked to contribute the Israeli law and practice overview for the Chambers Israel TMT guide. In their overview, Adv. Micky Barnea, Adv. Daniel Lorber, and Adv. Anat Even-Chen discuss legal considerations for big data, machine learning, and artificial intelligence. They also address key data protection principles, the challenges with IT service agreements, and privacy matters. As a whole, the TMT guide offers insights for each jurisdiction.