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September 6, 2023
Price Display in Credit Transactions: What Are the Obligations?
The Haifa District Court recently granted a motion to certify a class action regarding the manner in which price is displayed in installment transactions and the interest charged on those installments. This ruling holds great significance for businesses seeking to levy surcharges for customer installment payment options.
September 6, 2023
Successful and Proactive Institutional Activism in Israel
Following a lengthy battle by the majority shareholders in Megureit, led by Phoenix Group and More Investment House, a significant reduction was made to the REIT fund’s management fees. The agreement was reached after an institutional activist struggle, including a petition to the court and a demand for a special shareholders’ meeting. Phoenix and More were represented by firm partners Zohar Lande and Hagit Ross, with additional assistance from Shachar Rothschild, Alon Anava, Tzofiya Shenfeld, and Ronit Lerer.
September 6, 2023
Compliance Forum: Israeli Association of Corporate Counsel Webinar
We held, together with the Israeli Association of Corporate Counsel, a webinar focused on compliance. Dr. Zvi Gabbay gave a lecture entitled, “What Do Regulators Want to See? Training and Implementation of Compliance Procedures.” Anat Shubat from our firm, along with Ella Chertok from ICL Group, explained how to combine creative thinking with best practices in compliance trainings.
September 5, 2023
Collective Labor Law: Lecture at Israel Bar Association’s Midrasha
Netta Bromberg, the head of our firm's Employment Department, lectured to a professional study course at the Israel Bar Association’s Midrasha – National Attorney's Academy. The lecture addressed expansion orders and collective bargaining agreements. Netta also touched on conducting legal analysis during due diligence procedures.
August 31, 2023
Who Owns the Building Rights?
An important ruling handed down by the Israeli Supreme Court clarifies how specific rights holders acquire additional or future building rights in real estate assets.
August 30, 2023
Securities, Digital and Financial Assets: New Definitions
After considering public comments, the Israel Securities Authority is promulgating a revised draft bill seeking to regulate the field of digital assets.
August 30, 2023
Advising on a ILS 300 Million Issuance of a New Series of Bonds
Elad Reshtick, Omri Oren, and Raz Landau represented Mediterranean Towers Ltd. in a ILS 300 million issuance of a new series of bonds held earlier this week. The company received offers for approximately ILS 533 million in the institutional phase.
August 28, 2023
United States: Can AI Systems Hold Copyrights?
Who owns the copyright to an AI-generated image—the creator, the technology, or no one? A recent court ruling in the United States determines that the right to copyright protection depends on the degree of human involvement in the work.
August 28, 2023
Insolvency: Debt Settlements on the Rise
Idan Miller, the coordinator of our firm’s insolvency and corporate recovery practice, was interviewed by Globes about the wave of companies in financial distress. Idan noted that “what we’re seeing in the newspapers is only the tip of the iceberg.” According to Idan, a large number of unpublicized debt settlements are currently underway in contracting, high-tech, and security procurement companies.
August 20, 2023
Employers’ Use of Vehicular GPS to Track Employees
Employers’ use of technological tools to track their employees’ geolocations has sharply increased in recent years, as remote work has become more prevalent. The Israeli Privacy Protection Authority recently published its recommendations on the collection of geolocation data from employees’ vehicles.
August 16, 2023
Israeli High-Tech: “Angels Law” Grants Tax Benefits to Investors
Israel’s new "Angels Law" grants tax benefits to investors in Israeli startups, and in the Israeli high-tech industry in general, with the goal of spurring the growth of high-tech companies based in Israel or whose intellectual property is registered in Israel.
August 13, 2023
Business Today's List of Influential Startup Lawyers
Business Today has ranked Itay Gura on its list of the ten most influential lawyers in the startups and growing companies field in Israel.
August 13, 2023
Barnea: Representing Chargeflow in USD 14 Million Seed Round
Yuval Lazi and Nofar Rose David represented Chargeflow, a startup using AI to fight chargeback fraud, in an investment led by the VC firm OpenView Venture Partners.
August 13, 2023
Barnea: Representing Bareket in NIS 20 Million Lawsuit
Shai Avnieli and Omer Ungar are representing Bareket in a lawsuit the construction company Longshine has filed against it. Longshine, which served as the main contractor in a project initiated by Bareket, was nine months late in delivery of the project. As a result, Bareket deducted approximately NIS 10 million from the construction account.
August 10, 2023
Incorporation of a Company in a Foreign Country: What Should Be Taken into Account?
In an interview with Calcalist, Ken Shaked advises on the primary considerations for when a company decides where to incorporate, applicable law for companies that choose to incorporate abroad, related costs, and the tax considerations companies should seriously mull over.
August 9, 2023
Law.com: Israel's Legal Community Braces for Impact of Government's Judicial Overhaul
In light of the Israeli government’s proposed reform to the judicial system, Law.com, an industry-leading media platform, spoke with key figures in the Israeli business and legal community to understand the potential effects of these changes on the practice of law. Micky Barnea, our firm’s managing partner, was invited to share his insights. To read the full article and Micky’s interview, please click here.
August 9, 2023
Crypto: PayPal Launches USD-Based Stablecoin
As an expert in the field, Globes interviewed Dr. Zvi Gabbay, the head of our firm’s Capital Markets Department, on PayPal’s decision to launch a stablecoin backed by the US dollar.
August 8, 2023
Barnea: Representing Client in NIS 11 Million Lawsuit
Our firm is representing Adi Nahum, a partner in the Contempo real estate group, and several companies owned by him, in an NIS 11 million claim for monetary relief and other remedies, including the removal of minority oppression and a declaratory judgment of ownership rights in companies in Contempo against the company's owner, Shahar Raz, and other companies in the group. Contempo oversees dozens of urban renewal projects in sought-after neighborhoods in central Tel Aviv, Givatayim, Givat Shmuel, Ra’anana, Bat Yam, and Ramat Hasharon.
August 7, 2023
Israeli Regulations Restrict Enrollees in Managers’ Insurance Plans
As of September 2023, employees will be able to enroll in managers’ insurance plans only if their salaries exceed twice the average wage in Israel, in order to ensure they receive adequate pensions.
August 7, 2023
Barnea: Advising Anise on Corporate Recovery Plan
Idan Miller and Liron Dahan are advising Anise on a corporate recovery plan, after the natural products chain fell into an approximately ILS 22.9 million debt. As part of this process, our firm submitted a request to the district court to appoint a trustee and approve a debt arrangement. Anise’s debts accumulated due to branch expansion and an increase in interest rates. The chain is now working to implement its all-encompassing corporate recovery plan, which includes closing unprofitable branches, closing a packaging plant in Kiryat Anavim, improving efficiency, and further reductions.