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July 28, 2022

Israeli Supreme Court Asserts Responsibility Is Not Necessarily Accountability

In its Euro-Trade ruling, the Israeli Supreme Court essentially allows regulatory and public authorities to act as they deem fit and to receive the court’s protection even when their actions result in substantive damages.

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July 27, 2022

Barnea Representing Several Ability Group Cyber Companies

Advs. Zohar Lande and Liron Dahan submitted a motion to initiate insolvency proceedings and temporary operations on behalf of several cyber companies from Ability Group. Ability Group faces debts of approximately NIS 150 million.

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July 24, 2022

The Next Generation of Shareholders – Micky Barnea Interview in Globes

Are the heirs of business owners entitled to inherit company shares in equal parts? Read the Globes interview with Micky Barnea, our firm's managing partner.

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July 21, 2022

Major Import Reform: Who Is Set to Benefit? Amichai Cohen Op-Ed in Jerusalem Post

As part of Israel’s economic plan for 2021-2022, a major import reform came into effect in June. This reform aims to encourage competition between Israeli manufacturers by allowing cheaper imports of products from abroad. How will the reform work and who will benefit and lose from it? Read the op-ed by Prof. Amichai Cohen, the firm’s expert advisor on international legal issues, in the Jerusalem Post.

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July 21, 2022

Bezeq Affair and Implications for Independent Committees – Micky Barnea Interview in Globes

Following Judge Michal Agmon-Gonen’s ruling to drop certain charges from the indictment in the Bezeq securities case, Micky Barnea, the firm’s managing partner, was interviewed by Globes. Micky noted, “This ruling should not diminish the status of independent committees, but rather create order regarding them.”

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July 21, 2022

Prohibition on Receiving Information on an Employee’s or Prospective Employee’s Criminal Record

The Criminal Information and Rehabilitation of Offenders Law recently came into effect. From now on, employers may no longer ask employees or prospective employees to provide information about their criminal records. This includes through an affidavit, declaration, or written questionnaire.

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July 21, 2022

Schweppes Case Ruling: When Is Parallel Importing Legitimate?

The Israeli Supreme Court overturned a district court ruling and stated the court erred when it attributed internationality to the Israeli trademark “Schweppes” and associated it with a global venture.

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July 20, 2022

Crypto Custody Services and Regulation – A Review

The issue of whether a party is or is not a custodian may have far-reaching implications. Institutional investors, corporations, exchanges, individuals, and crypto miners all have strong demand for crypto custody services, as provided by special market participants.

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July 20, 2022

Barnea Representing Shefayim Water Park in Class Action Lawsuit

Advs. Eran Winner represented Shefayim Water Park in reaching a settlement agreement in the class action filed against it over alleged violations of Israel’s Prevention of Smoking in Public Places and Exposure to Smoking Law.

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July 19, 2022

Representing the NFT GameChain in Its USD 24 Million A Round

We represented the Israeli crypto and NFT startup GameChain (UnCaged Studio) in raising USD 24 million as part of a series A round. The round was led by Griffin Gaming Partners and was joined by Vgames, Maverick Ventures Israel, MaxStealth, Drive by DraftKings, and 6th Man Ventures. Zvi Gabbay, Ariella Dreyfuss, Andrey Yanai and Tal Freilich provided representation in the transaction.

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July 18, 2022

Condominium Buildings and Electric Vehicle Charging Stations – New Ruling

An apartment owner in a condominium building installed a private electric charging station in her parking space without the consent of the other apartment owners. This is what the supervisor ruled.

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July 14, 2022

Doing Business in Israel: How to Take Part in Israeli Innovation

Israel boasts a unique combination of academic excellence and an entrepreneurial approach. As a result, it is the home base for many startup companies. Most technologies underpinning startup companies develop at academic institutions.

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July 14, 2022

Barnea Representing Businessman in NIS 20 Million Lawsuit against Moshe Hogeg

Advs. Zohar Lande, Moran Bickel, Michael and Asaf Glasner are representing an American businessman in a NIS 20 million lawsuit against Moshe Hogeg, Adi Sheleg, Singulariteam, and additional defendants. The plaintiff claims the defendants prompted him to invest in a cryptocurrency venture called Stox, which did not really exist, and fraudulently pocketed the investment funds.

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July 11, 2022

Proud to Represent Cibus Fund in Biotech Company Investment

Barnea represented Cibus Fund in an investment in Phytolon, a biotech company that develops fermentation-based natural food colors.

July 11, 2022

Israel's New Urban Renewal Plan – When and What?

Last week, the Knesset approved Interior Minister Ayelet Shaked's new urban renewal plan in second and third readings. The new plan will replace Tama 38, the national outline plan for strengthening existing structures against earthquakes. What are the main points of the new urban renewal plan? How will it be implemented and until when can projects be promoted within the framework of Tama 38? Read Globe's new article.

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July 7, 2022

Guide to the ESGI

Everyone agrees ESG principles are important aspects of companies’ activities, but these principles have also received considerable criticism. This criticism is not of the principles themselves, but rather is directed against companies that exploit these principles for the purposes of public relations and image-building. Such criticism also spotlights the considerable difficulties in implementing fundamental changes in business activities.

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July 6, 2022

Corporate Governance Rules for Public Companies without Controlling Shareholder

Dominant shareholders, holding alone or in concert more than 50% of the voting power in public companies, have traditionally characterized the Israeli capital market. Consequently, Israeli corporate governance rules for public companies have focused on protecting the public of shareholders from the dominant powers of the all-controlling shareholder.

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July 6, 2022

News for Apartment Buyers in Israel – Major Amendments to the Sale (Apartments) Law

The latest amendment includes a limit on linkage to the construction input index and revises contractors’ compensation rates for delays in apartment deliveries

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July 3, 2022

Latest Legislative Amendments to Promote Pinui-Binui Projects

The importance of pinui-binui (vacate-and-build) projects for resolving the housing shortage in Israel has spurred new legislation to resolve the problem of recalcitrant tenants, to define what constitutes a majority of tenants in such projects, and to regulate projects in neighborhoods comprised of detached houses.

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July 3, 2022

Hadar Israeli and Jacki Silbermann Op-Ed in Calcalist – Should Israel Be Worried about the US Supreme Court Ruling on Abortion?

The Israeli legal system, like many others, often relies on US precedents and views the US constitution and legal system as a model. Will the US Supreme Court’s decision to overturn Roe v. Wade affect abortion in Israel as well?

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