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Home · practice areas · Latest Updates

Latest Updates

May 8, 2022

Plus Ventures and Oren Abeksis Sue Unicorn Company Lusha for Fraud

The investment fund Plus Ventures and private investor Oren Abeksis claim they invested millions of shekels in a previous incarnation of Lusha and that they were defrauded by the entrepreneurs. Zohar Lande, Eyal Nachshon, Dana Bookstein, and Naama Ben Arosh Moshe are representing the plaintiffs.

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May 4, 2022

Israeli Tech in 2032: Anat Even-Chen in Geektime

Ahead of Israeli Independence Day, Geektime published an article asking experts to predict what Israel will be like in ten years. As experts in the privacy field, we were asked to provide our prediction for the data protection field. We believe legislation will continue to focus on individuals' privacy, and eventually, there will be uniform standardization between companies and countries regarding privacy issues.

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May 2, 2022

Environmental Sexual Harassment – It’s No Joke, It’s Harassment

Inappropriate memes, sexual innuendo, degrading jokes, intimate details—these all create what is known as environmental sexual harassment. While Israeli law does not precisely define this offense, it treats it similarly to other forms of sexual harassment.

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April 28, 2022

Victory in Lawsuit against Shavei Israel NPO

The Tel Aviv District Court ruled the non-profit organization Shavei Israel had operated improperly for two decades in reporting to the Registrar of Associations that Ms. Sarah Green was a member of the organization. Ms. Green’s ex-husband, the founder of the non-profit, was apparently falsifying her signature on documents submitted to the Registrar. Ms. Green was represented by Advs. Zohar Lande, Gal Livshits, Zohar Haim Levinger, and Naama Ben Arosh Moshe.

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April 25, 2022

Netta Bromberg in Ynet: Working on Israel’s Memorial and Independence Days

There are unique work regulations on Israel's Memorial Day and Independence Day. Netta Bromberg, partner and head of our Employment Department, details to Ynet the major ones related to overtime hours and missing work.

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April 14, 2022

Development Expenses Not Included in Property’s Purchase Value

The Israeli Supreme Court rejected the Israel Tax Authority’s position regarding the inclusion of development expenses in property values for tax purposes.

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April 14, 2022

Migdal Group invests in Scandinavian energy

Migdal Group has invested, together with other partnerships, in the alternative energy projects of Fu-Gen AG and Fu-Gen Assets 4 AB. Firm partners Micky Barnea, Ariella Dreyfuss, and Roy Engel advised on the NIS 1 billion investment.

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April 13, 2022

Tightening Sanctions on Russia

President Biden’s new executive order increases the restrictions on doing business with Russia.

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April 13, 2022

Boards of Directors and Geopolitical Risks – Niv Polani Op-Ed in Calcalist

Global economic strength is adversely affected by geopolitical risks. Corporations have a duty to be prepared. Click to read Niv Polani’s Calcalist op-ed.

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April 10, 2022

Supreme Court Reverses Decision to Shorten Pfizer’s Viagra Patent Period

Two patents protected Pfizer’s Viagra medication in Israel. When one expired, the district court ruled the second had as well. The Supreme Court, however, determined otherwise.

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April 10, 2022

The Role of a Court-Appointed Observer at the Board Table

Dr. Zvi Gabbay participated in a "Zichlinskey Hosts" meeting held by SRI Global Group together with the Israel Directors Union.

April 6, 2022

Representing Amir Birman before Supreme Court

Advs. Hadar Israeli, Eran Elharar, and Shir Rozenzweig represented Amir Birman, one of the directors of Keren Or, in a sentencing appeal. The Supreme Court significantly reduced his sentence and granted him permission to appeal to Israel’s President for a pardon.

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April 5, 2022

Barnea: Representing Kibbutz Shefayim and Yad Hana in Transaction to Sell Land Designated for Logistics Complex

Mivna Group has acquired 50% of the shares of the Yad Hana Homesh Industries Cooperative Association for ILS 140 million. The parties intend to jointly establish an innovative logistics center in a total built-up area of about 100,000 square meters. The client was represented by Advs. Ilan Blumenfeld and Maya Zisser.

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April 4, 2022

Irit Brodsky Featured in Globes Article on Dramatic Changes to Merger Announcements

New Israel Competition Authority regulations impose a heavier reporting obligation on companies seeking to merge. These new regulations have many possible consequences, for better or worse. Firm partner Irit Brodsky discusses the changes in an in-depth article by Globes on the subject.

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April 3, 2022

Amendment to Israel’s Anti-Money Laundering Law

At the end of March 2022, the Israeli Ministry of Justice published a draft amendment to the Prohibition on Money Laundering Law. The proposed amendment seeks to grant supervisory authority to the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA), comparable to that of the Capital Market, Insurance and Savings Authority (CMISA), over financial service providers for aspects of the prohibition on money laundering and terror financing.

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March 30, 2022

Appointment of an Auditor – New Statement on Required Disclosure

According to a new ISA legal position, convening a general meeting of shareholders to vote on a public company’s appointment of an independent auditor requires expanded disclosure.

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March 29, 2022

Representing Menora Mivtachim in Acquisition of Nisko Shares

Our firm represented Menora Mivtachim Insurance Ltd., Shomera Insurance Company Ld., and Menora Pension and Provident Ltd. in a transaction to purchase 15% of Nisko Group's shares for NIS 180 million. Advs. Ilan Blumenfeld and Dor Levi-Tam advised on the transaction.

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March 29, 2022

Complete Guide to the TASE IPO Process

The Israel Securities Authority guides provides basic guidelines to corporations going public and answers critical initial questions.

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March 28, 2022

Representing Granite CEO Accused of Fraud

The Israel Securities Authority arrested and released under restrictive conditions the CEO of Granite Securities Portfolio Management. He is suspected of fraudulently receiving loans from the company's clients, presenting false representations regarding the loans, and presenting false representations of providing investment advice in accordance with the law, at a scale of NIS 6.5 million. The client is represented by firm partner Hadar Israeli.

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March 28, 2022

Significant Change in Format to Report Mergers to Competition Authority

The new format heralds a reduction in the volume of transactions that require reporting. However, it imposes a far heavier burden on parties to transactions that do require reporting, even for mergers posing no competitive concerns.

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