Latest Updates

October 4, 2017

Israeli Banks Told to Scale Back Overseas Activities after U.S. Tax Evasion Scandal

Adv. Harel Perlmutter, partner and head of Barnea's Tax Department, was interviewed by Bloomberg BNA, following the Bank of Israel's call on Israeli banks to redefine their strategies for overseas operations. Harel noted that the Supervisor of Banks at the Bank of Israel wants to keep the bank system strong even if it means cutting part of the banks' profits deriving from activity outside of Israel.

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October 3, 2017

Understanding the Terms of Startup Investment

Adv. Yuval Lazi, a partner in our Technology Department, will lecture today at HIP – Heseg Innovators Program on the topic of investment agreements.

October 2, 2017

Your Employees Are Beginning to Unionize – What You Need To Know?

Many employers worry about the day they might discover their employees are organizing and joining a labor union. This concern is natural, since an employer used to running its business as it deems fit, and according to its business needs, is not interested in sharing the helm with its employees’ representation.

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September 28, 2017

Hosting a Delegation of Chinese Executives

We are hosting today a delegation of senior executives from large enterprises across a variety of industries in China. These executives have come to Israel to learn about Israeli innovation and entrepreneurship.

September 28, 2017

Revision of the Regulations Requiring Websites and Applications to be Accessible for People with Disabilities

The Knesset Labor, Welfare and Health Committee recently approved a comprehensive revision of Regulation 35 of the Accessibility to Online Services Regulations under the Equal Rights for People with Disabilities Regulations (Service Accessibility Adjustments), 2013.

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September 26, 2017

Article on Regulatory Challenges of FinTech Companies Featured in TheMarker

Micky Barnea, the firm's managing partner,published an article on the regulatory challenges facing Fintech companies, in TheMarker's FinTech Magazine. Micky notes that entry barriers to this field are not only the development stage, but also the strength of the regulatory solution. Therefore, acquired knowledge can become a real intellectual property and carry enormous potential.

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September 26, 2017

Blocking Online Gambling Websites – New Israeli Legislation

The Israeli parliament has enacted new legislation that will authorize Israeli courts to issue orders that block, inter alia, online gambling website.

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September 25, 2017

Privacy and Cookies – the New Balance Introduced by Apple

Apple is set to introduce a new feature in the Safari browser that will significantly reduce advertisers' ability to collect and use personal data. The new feature, called Intelligent Tracking Prevention (ITP), imposes a 24-hour time limit on third party tracking cookies and a 30-day time limit on first party cookies.

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September 25, 2017

Purchase Group United Sarona about to Fall Apart

The purchase group United Sarona, which won a tender a year and a half ago to build several towers near Sarona Market in Tel Aviv, is about to fall apart. In the last few days, several members of the group have begun organizing, through Adv. Zohar Lande, Head of the Litigation Department at Barnea, to file a lawsuit against United Sarona's organizers, after they failed to recruit new members or find alternative funding sources to ensure the progress of the project.

The Marker 24/09/17

The Marker 09/10/17

Globes 24/09/17

September 24, 2017

Israeli Binary Options CEO Arrested in US on Suspicion of Committing Electronic Fraud

The Israeli CEO of a binary options company has been arrested by federal investigators in the United States on suspicion of committing electronic fraud. Dr. Zvi Gabbay, partner and head of our firm's Capital Markets Department, is representing the company in this matter. In an interview with TheMarker on the subject, he noted this is a relatively early stage in the legal process and that an indictment has not yet been filed.

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September 24, 2017

Registration for an Application Is Tantamount to a Binding Contract

The New York Circuit Court of Appeals ruled recently that when a new user confirms the “terms of service” and “privacy policy” on an application’s registration screen, even without perusing the legal documents provided through these links, such approval suffices to raise the user’s legal engagement with the company to the standing of a binding contract.

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September 19, 2017

ICO Whitepaper

ICO is the abbreviation of Initial Coin Offering, a term inspired by the capital market term IPO (Initial Public Offering). This is when a company recruits debt or capital by publishing a prospectus offering of its securities to the public for the first time. A prospectus is a profound legal and accounting document that furnishes information about the company, its management, its businesses, and its financial position. Once a company’s securities are held by the public, it becomes a public company.

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September 18, 2017

Article to The Times of Israel on the "Drag along Provision"

Adv. Ariella Dreyfuss, Partner at Barnea contributed an article to The Times of Israel on the "drag along provision" included in most investment documents. Ariella outlines five tips for minority shareholders looking to ensure the drag along mechanism works for them when negotiating investments.

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September 18, 2017

Spain Fines Facebook for Collection of Information without Consent

The Spanish Data Protection Authority slapped Facebook with a USD 1.4 million fine over three instances in which Facebook collected information on ideology, sex, religious beliefs, personal tastes, and browser history without properly notifying users what such information was being obtained for.

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September 14, 2017

Itay Gura to Lecture on Founders Agreements and IP

Adv. Itay Gura will lecture today at StarTAU's acceleration program on founders' agreements and IP.

September 14, 2017

What Constitutes Personal Information According to EU Law? The Examination Script Example

In a case recently brought before the European Court of Justice (ECJ), the Advocate General provided an opinion according to which a candidate's examination script, as well as the comments made on the script by the examiner, is personal data the candidate is entitled to receive.

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September 14, 2017

How Does TAMA 38 Begin?

Dozens of TAMA 38 projects are never implemented for a variety of reasons. Here is a short overview of points to help you ensure your TAMA 38 project is put into practice.

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September 12, 2017

Dr. Zvi Gabbay speaking at the EY Anti-Fraud Forum

Dr. Zvi Gabbay, Head of Barnea's Capital Markets Department, will participate today in the EY Anti-Fraud Forum. Zvi will discuss how workers can take an active role in self-regulation and compliance.

September 12, 2017

India: Right to Privacy Declared to Be Protected under the Constitution

The Supreme Court of India recently ruled that the right to privacy is an integral part of the right to life and personal liberty enshrined in the Indian constitution, and as such is entitled to the same legal protection.

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September 10, 2017

Ministry of Communications to Form a Tender Committee for the Allocation of a New Cellular Spectrum

The Ministry of Communications has appointed a tender committee to formulate and draw up a tender for the allocation of a spectrum for the provision of advanced cellular services.

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