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Latest Updates / Corporate
March 2, 2017
Antitrust Authority Continues its Trend of Stricter Punishment
The Israel Antitrust Authority (‘’IAA’’) has announced its intention to impose a financial sanction in the sum of NIS 25,640,000 on Bitan Wines, due to its violation of the terms of the merger between Bitan Wines and the Mega supermarket chain.
February 27, 2017
Class action against Directors
The Tel Aviv District Court approved an action as a class action filed by the minority shareholders of Delek Energy Systems Ltd. against its controlling shareholder and officers of the company.
February 21, 2017
Does the US Visa Boom Herald New Opportunities for Law Firms?
Adv. Marie Tsion, Head of the Employment Department at Barnea was interviewed by The Lawyer regarding the effect of the E-2 visa programme on the legal market. Marie commented that the E-2 investor visas will allow US companies, entrepreneurs and employees to start business activities in Israel more easily. This visa is likely to increase the number of US companies establishing activities in Israel.
February 15, 2017
Delegation of Israeli ambassadors in Latin America
Barnea is today hosting a delegation of Israeli ambassadors who are stationed in Latin America, together with the Latin America division of the Israeli Ministry of Foreign Affairs, the Israel-Latin America Chamber of Commerce and StarTau, the Entrepreneurship Center of Tel Aviv University.
February 12, 2017
Barnea & Co. will accompany Accelerator Frankfurt Spring Program
The Accelerator connects Startups with Financial Institutions. Barnea Co is the firm which will provide legal services in Israel to the startups attending the Program in Frankfurt. On 12th February we will be holding an introductory event at which the Accelerator will describe the nature and aims of the Program and Micky Barnea will discuss the challenges for startups heading abroad. The event will be take place at Barclay's Techstars Accelerator.
February 12, 2017
Foreign Companies are Immune to Private Antitrust Enforcement in Israel
Despite the growing sensitivity to violations of the competition laws and the uptrend in the imposition of stricter penalties by the authorities in respect thereof, business managers and consumers who have fallen victims to competition-law offenses in Israel hesitant in instituting civil proceedings against offenders.
February 5, 2017
Doing Business in Israel – Practical Law
Doing Business in Israel? A QA guide to doing business in Israel written by Barnea was published in the Practical Law website. The guide gives an overview of the legal system, foreign investment, regulation, and other issues pertaining to Israel.
January 31, 2017
International Taxation – New Draft Bill Will Require Foreign Companies to Report and Pay Tax in Israel
The Israel Tax Authority (“ITA”) is promoting legislation that will require foreign companies not subject to the Israeli tax regime today to report and even pay tax in Israel.
January 24, 2017
Draft Legislation Permitting Corporations to Obtain Loans Through Crowdfunding
Last week, the Israel Securities Authority published draft legislation for public comments that will permit corporations to obtain loans through crowdfunding with an exemption from the prospectus requirement.
December 29, 2016
Innovations in the Israeli Partnerships Legislation
In order to improve the Israeli partnership market and in order to bridge the wide gap that exists between partnership laws in Israel and the partnership laws in other countries, in December 2016, the Ministry of Justice published a draft Memorandum of Law – Partnerships.
December 21, 2016
Foreign Corporations Also Have No Immunity – Organizing a Restrictive Arrangement is Liable to Lead to Criminal Sanctions
A restrictive arrangement organized between an Israeli corporation and a foreign corporation, which results in significant harm to the competition in the Israeli market, is subject to the Israeli Restrictive Trade Practices Law.
November 23, 2016
Less Remuneration, More Responsibility
The issue of officers’ responsibility in general, and of directors in particular, is one of the key issues addressed in companies and securities laws in Israel. The subject has been deliberated, analyzed and gradually expanded over the years and, without doubt, onerous and extensive responsibility is imposed on directors in the current legal environment.
November 16, 2016
Performing a Legal Due Diligence – Think before You Act
We have encountered numerous instances recently whereby investors were about to make an investment without performing a prior legal due diligence examination. There are various reasons put forward by investors for not performing a due diligence examination, such as: the contemplated investment is in a young company, insufficient budget, cost-benefit considerations, the volume of the investment, timetables, long-standing work relations between the investors and the corporation, and the like.
November 7, 2016
Doing Business in Israel: a Nation Friendly to Business Investment
Companies, countries, and individuals who are interested in doing business abroad are looking more and more towards Israel. This has not occurred by accident. Israel has devised and implemented national policies to make it a world leader in technology and innovation. The result is a nation friendly to business investment. With the right business and legal guidance, investors are discovering tremendous potential in this small but sophisticated country.
October 5, 2016
Cross Border Mergers and Acquisitions 2016 - Virtual Roundtable
Corporate Live Wire held a Cross border Mergers and Acquisitions roundtable featured experts from around the world, including Adv. Ariella Dreyfuss. The chosen experts discussed regulatory changes, legislative precedent, challenges and opportunities as well as key trends and latest developments.
September 30, 2016
Barnea & Co. Represented the Private Equity Fund IGP Investment in Jacada
Barnea represented Israel Growth Partners (IGP) in an agreement to buy 300,000 Jacada shares, 7% of the company's share capital, from Robert (Bob) Ashton's investment firm Kinetic Catalyst Partners.
September 13, 2016
How Brexit Might Affect the UK's Environmental and Energy Law
The European Union (EU) has driven environmental policy across Europe since its inception in 1992. With the United Kingdoms (UK) referendum of withdrawal from the EU, though, how it responds in its energy and environmental legal and regulatory structure could affect not only the UK, but the European and even the global marketplace.
June 28, 2016
To Be or Not to Be a Director?
Investors, whether angels, VCs or corporates, typically demand a seat on the board of directors of their target company in return for their investment. For the full article by Ariella Dreyfuss, please click here
June 23, 2016
Fear of extended uncertainty underlies Israeli Brexit concerns
A moment before casting the Brexit votes, Simon Jaffa Founding Partner at Barnea was interview for the Jerusalem Post on the possible implications of the vote on Israeli companies having presence in the U.K.
May 11, 2016
China-Israel Relations: What You Need to Know
China has a long-held reputation in the international community for being closed off from outsiders — a reputation that it cultivated for thousands of years. In recent decades, however, this past custom has rapidly been changing and China has become a world leader in manufacturing and production, leveraging a large population and an immense technological skill base. Today China is pushing for more growth, looking to drive innovation to launch its economy into the future. This has led to a trend of opening up to the world, and in keeping with that trend, China has begun to reach out to Israel.