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July 24, 2019
Labor Court Ruling on Gender Pay Discrimination
Regional Court ruled that a woman who earned less than a man in the same position is entitled to compensation from her employer for discrimination.
July 23, 2019
Interview about Purchasing Groups
Our firm was interviewed by TheMarker following publication that a group of apartment purchasers in the exclusive Blue project submitted a claim against Canada Israel. We explained more about purchasing groups and noted that "those who join purchasing groups become entrepreneurs together with the other group members and, as a result, are dependent on the management of the group. The group members have no final price for the apartment, there is no final date for occupancy, and there are no guarantees for the money that they pay. It is important to remember that despite the possibility of large savings in the value of the future apartment, which sometimes reaches 20%, there are many projects managed incorrectly and that sometimes even cost the group more money than they would pay if they were buying an apartment directly from a contractor."
July 21, 2019
Barnea Representing Neng Yang in Acquisition of ADT
Our firm is representing the Chinese investment fund Neng Yang in its acquisition of Advanced Dicing Technologies Ltd. (ADT). ADT is an Israel-based electronics dicing equipment company. The acquisition amount is USD 35 million.
July 21, 2019
An Important Milestone - First Supervised Security Token Offering
After a long wait, the US Securities and Exchange Commission (SEC) has permitted a startup company to raise funds from the general public through a supervised security token offering (STO) under Reg A+ regulations. Effectively, this is the first time a public STO was granted regulatory approval in the United States.
July 18, 2019
Bill to Amend the Investment Advice Law to Allow General Investment Advice without a License
The Israel Securities Authority recently published a draft bill for the Regulation of Investment Advice, Investment Marketing and Investment Portfolio Management Law. The purpose of the bill is to regulate the area of of general investment advice services and to allow those services without the need for an advice license, while still meeting some requirements.
July 18, 2019
Barnea Representing Azrieli Group in Equity Investment in Compass Datacenters LLC.
Our firm is representing Azrieli Group in its equity investment in Compass Datacenters LLC., a company engaged in the commercialization of hyperscale data centers in North America. This acquisition is part of Azrieli Group's overall expansion into real estate in the international arena.
July 17, 2019
Barnea Continues to Represent Eyal Shamir in Claim for Brokerage Fees
Our firm continues to represent businessman Eyal Shamir in a lawsuit against British Israel over its merger transaction with Melisron. As part of the lawsuit, Shamir's conversation with Ronen Gaon, who served as a director of British Israel, was exposed. Adv. Zohar Lande, Head of the Litigation Department, who is representing Shamir, told TheMarker that "Gaon's appeals to Shamir regarding the matters discussed in the article were rejected by Shamir outright."
July 17, 2019
2019 Opportunities in the Israeli Market
In 2019, Israel remains “the Start-Up Nation” and a leader of technological innovation. Thanks to its strong currency, active economy, and robust export industries, it also continues to attract noteworthy international investments.
July 17, 2019
Israel Securities Authority Demands Being Granted Authority to Supervise Underwriters and Distributors
The Israel Securities Authority (ISA) recently published a proposal for amending the Securities Law as to the supervision of underwriters and distributors.
July 17, 2019
Precedential Court Ruling on Option Plans for Employees
A precedential judgment was handed down on option plans for employees in respect of section 102 of the Income Tax Ordinance. The court ruled that when a tax assessor is notified of the allocation of options in accordance with section 102 and fails to respond within 90 days, the plan is approved and the assessor cannot later claim that this is not so, except in very exceptional cases.
July 16, 2019
Femtech Meetup at Barnea
Our firm hosted today a meetup for entrepreneurs in the femtech field. Co-hosting was 50inTech, a French organization that provides a platform for women in the high-tech industry.
During the meetup, in which 25 entrepreneurs gathered, Ariella Dreyfuss delivered a brief overview of challenges, trends, and opportunities in the femtech field.
July 15, 2019
IBM Alpha Zone – Mentors Meet Class 9
As part of the firm's representation of the IBM Alpha Zone Accelerator, Adv. Itay Gura attended a session with participants of the new class and lectured on the issues facing late-stage startup companies.
July 14, 2019
Barnea Represented Bridgepoint in the Acquisition of Qualitest
Our firm represented the private equity group Bridgepoint in the acquisition of control in the Israeli software testing company Qualitest from Marlin Equity Partners for approx. USD 420 million.
July 10, 2019
The Israeli Payment Market Is Lagging Behind
The payment market in Israel and around the world is marching toward revolution. Still, Israel lags far behind compared to the rest of the world, and the rate of adopting innovation in the field of payment services is very slow.
July 9, 2019
Femtech: The High-Tech Market Ignored and Then Discovered Was Worth Tens of Billions
Adv. Ariella Dreyfus, a partner in our firm who has advised startups in the femtech field, was interviewed by TheMarker for an article on the burgeoning femtech market. This market is estimated to reach a value of USD 50 billion in 2025.
July 9, 2019
A Win for Zeev Rom: Gad Zeevi to Pay Another USD 1.5 Million in Brokerage Fees
Following a Supreme Court hearing, Gad Zeevi and Zeev Rom decided to withdraw their mutual appeals and to keep the District Court ruling ordering Zeevi to pay Rom USD 1.5 million in connection with the financing transaction for the purchase of Bezeq shares in 2000. Rom was represented by Advs. Zohar Lande and Moran Bickel of the firm's Litigation Department.
July 7, 2019
Mentoring at Innovative Acceleration Program – Israel Lean Launchpad
As part of our partnership with the Hebrew University of Jerusalem Executive Innovation and Entrepreneurship Program (HUstart), Yuval Lazi lectured today to the participants of Israel Lean Launchpad, an innovative acceleration program founded by Hebrew University, Merage Institute, Startup Nation Central, and the Jerusalem Development Authority.
July 7, 2019
Lecture on Israel Innovation Authority Grant Programs
Adv. Anat Even-Chen lectured to members of "The Library," the Tel Aviv Municipality's urban innovation space. The lecture focused on the Israel Innovation Authority's (IIA) grant programs and the various considerations entrepreneurs must take into account before applying for a grant from the IIA.
July 7, 2019
Building Removed from Pinui-Binui Plan Due to Residents' Objection
Our firm was interviewed by Globes about a pinui-binui project in Kiryat Yovel, Jerusalem, some of whose residents we were representing. Residents of the middle building objected to the plan before the Jerusalem District Planning and Building Committee, which eventually decided to exclude this particular building from the project. Our firm noted that this decision proves it is possible to make flexible plans and exclude buildings with objections while still otherwise approving pinui-binui plans.
July 4, 2019
The Law of Facebook Is Not the Law of Small Companies
On June, two seemingly unrelated events took place: the SEC filed suit in federal court against the company Kik Interactive and Facebook announced the expected launch of a new digital currency the Libra. Whats the connections ?