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Latest Updates

January 8, 2019

Amendment to the Israeli Restrictive Trade Practices Law

On January 1, 2019, Israel's parliament approved an amendment to the Restrictive Trade Practices Law. This amendment seeks to deepen and focus the Antitrust Authority’s efforts to prevent activities posing potential harm to competition and to the public.

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January 8, 2019

Hosting Participants of the EdStart Program

We hosted today participants of AWS EdStart, an educational technology (EdTech) startup accelerator. A number of partners from our firm spoke at the seminar, discussing topics such as founders' agreements, intellectual property, and the tax issues of startups.

January 3, 2019

Article: Saving Israel’s National Outline Plan 38 for Urban Renewal

Adv. Alon Wolner, who coordinates the urban renewal sector at our firm, has an article on Calcalist Dun's 100 website about the changing trend in urban renewal from NOP 38 projects to Pinui-Binui.

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January 2, 2019

"High" Companies

The Israel Securities Authority published an announcement to investors with various emphases about public companies operating in the medical cannabis market. Its announcement calls investors’ attention to several parameters they should consider when deciding whether to invest in securities of public companies operating, or expecting to begin operating, in the medical cannabis market.

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January 2, 2019

Liability of Officers and Functionaries in an Insolvent Corporation

Chapter 8 of the new Insolvency and Economic Rehabilitation Law addresses the liability of officers and functionaries. The law’s main innovation is that - beyond liabilities toward the corporation, which already existed prior to the enactment of the law, such as fiduciary duty and duty of care - special liability will also be imposed on the corporation’s officers and functionaries.

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January 2, 2019

Lecture: Don't risk it - Get your Founders Agreement right

Adv. Itay Gura lectured today at WeWork Labs in Haifa on the importance of founders' agreements. Itay discussed the key issues that must be addressed in such agreements and what the impact of each issue is on the founders and the startup.

January 2, 2019

Year in Review – Capital Markets

Israeli Securities Authority Classifies Cryptographic Coins as Commodities Rather Than Securities. On March 19, 2018, the interim report of the Committee for Examination and Regulation of Cryptographic Currencies, which was established in August 2017, was submitted. The interim report examines the applicability of the Securities Law to offerings to the public in Israel based on decentralized registration.

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January 1, 2019

Amendment to Hazardous Drugs Ordinance Promotes Regulation in Cannabis Market

On December 25, 2018, the Israeli parliament approved the second and third readings of an amendment to the Hazardous Drugs Ordinance (Delegation of Supervisory and Enforcement Authorities Relating to Cannabis for Medicinal and Research Purposes).

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December 31, 2018

What You Always Wanted to Know About Fintech Regulation, But Were Afraid to Ask…

For Fintech companies looking or hoping to work in Israel, the regulatory developments could either serve as an opportunity or as a barrier, and should be carefully considered. Click to read an overview of the Israeli Fintech regulatory situation.

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December 31, 2018

Supreme Court Decision on Knesset Channel Chosen as Top Ruling in 2018

TheMarker named the Supreme Court's ruling on the Knesset Channel tender as one of the five most important verdicts of 2018. According to TheMarker, the ruling provides a glimpse into the Court's attitude to the media. Advs. Zohar Lande, Eyal Nachshon, Adi Shoham, and Omer Keydar of the firm's Litigation Department represented RGE Knesset Channel, which won the tender.

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December 30, 2018

Article on Inheritance Disputes: "About Life and a Little about Death"

Adv. Liat Keisary, a partner in the Private Clients Department, published an article on the Calcalist Dun's 100 website about inheritance disputes, wills, and estates.

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December 30, 2018

Year in Review – Infrastructure and Project Finance

2018 was characterized by the promotion and development of numerous infrastructure and energy projects. A government decision in September 2017 led to the formulation of a multi-year plan for the development of 147 infrastructure projects in Israel at a total cost of NIS 116 billion. One of the goals of the plan is to promote public-private partnership (PPP) projects.

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December 27, 2018

Charges against Our Client in Utrade Case Dropped

Dr. Zvi Gabbay, Adv. Moran Bickel, and Adv. Sapir Malul represented Rafi Bar-Lev in a hearing before the Tel Aviv District Attorney's Office. The DA's Office was considering filing an indictment against Bar-Lev for fraudulent receipt, but instead chose to close the case against him.

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December 27, 2018

Draft Bill - Real-Estate Purchasing Groups

On December 23, 2018, the Israeli ministerial committee approved a draft bill on the subject of real-estate purchasing groups. This draft bill is designed, on the one hand, to protect members of purchasing groups and, on the other hand, to enable their continued existence as a means to construct residential apartments while cutting costs.

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December 25, 2018

A Lecture: Tax 101 for Startups

Adv. Harel Perlmutter lectured today at Ben-Gurion University on startup taxation. The lecture was part of a course for MBA students in the Faculty of Management.

December 25, 2018

Family Members Are Not Necessarily One Economic Unit for the Purposes of Betterment Tax Payments

The Appeals Committee for Planning and Building, Compensations and Betterment Tax in the District of Jerusalem held that family members who are not one economic unit are not a single family unit for the purposes of exemption from betterment tax in the expansion of an apartment of no more than 140 square meters.

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December 24, 2018

Calcalist Article on the Breakdown of Control in Companies

Adv. Micky Barnea was interviewed for an article in Calcalist's Executive Magazine about the superseding power of CEOs over the board of directors in public companies.

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December 23, 2018

Israel Tax Authority Issues New Rules for Recognizing Property Betterment Expenses

The Law for Reducing the Use of Cash, which is scheduled to come into effect on January 1, 2019, will have a significant impact on the real-estate sector.

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December 23, 2018

Chambers & Partners Anti-Corruption Guide 2019

Dr. Zvi Gabbay and Hadar Israeli of the firm's Capital Markets Department contributed to the Chambers and Partners anti-corruption guide, which provides expert legal commentary on key issues for businesses.

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December 20, 2018

Update to Block Exemptions for Joint Ventures and Restraints Ancillary to Mergers

Two important block exemptions have been updated recently: the exemption for joint ventures and the exemption for restraints ancillary to mergers. The amendments transfer the examination of the intensity of the harm to competition deriving from these arrangements from the Israel Antitrust Authority to the business sector.

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