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July 20, 2022
Crypto Custody Services and Regulation – A Review
The issue of whether a party is or is not a custodian may have far-reaching implications. Institutional investors, corporations, exchanges, individuals, and crypto miners all have strong demand for crypto custody services, as provided by special market participants.
July 20, 2022
Barnea Representing Shefayim Water Park in Class Action Lawsuit
Advs. Eran Winner represented Shefayim Water Park in reaching a settlement agreement in the class action filed against it over alleged violations of Israel’s Prevention of Smoking in Public Places and Exposure to Smoking Law.
July 19, 2022
Representing the NFT GameChain in Its USD 24 Million A Round
We represented the Israeli crypto and NFT startup GameChain (UnCaged Studio) in raising USD 24 million as part of a series A round.
The round was led by Griffin Gaming Partners and was joined by Vgames, Maverick Ventures Israel, MaxStealth, Drive by DraftKings, and 6th Man Ventures.
Zvi Gabbay, Ariella Dreyfuss, Andrey Yanai and Tal Freilich provided representation in the transaction.
July 18, 2022
Condominium Buildings and Electric Vehicle Charging Stations – New Ruling
An apartment owner in a condominium building installed a private electric charging station in her parking space without the consent of the other apartment owners. This is what the supervisor ruled.
July 14, 2022
Doing Business in Israel: How to Take Part in Israeli Innovation
Israel boasts a unique combination of academic excellence and an entrepreneurial approach. As a result, it is the home base for many startup companies. Most technologies underpinning startup companies develop at academic institutions.
July 14, 2022
Barnea Representing Businessman in NIS 20 Million Lawsuit against Moshe Hogeg
Advs. Zohar Lande, Moran Bickel, Michael and Asaf Glasner are representing an American businessman in a NIS 20 million lawsuit against Moshe Hogeg, Adi Sheleg, Singulariteam, and additional defendants.
The plaintiff claims the defendants prompted him to invest in a cryptocurrency venture called Stox, which did not really exist, and fraudulently pocketed the investment funds.
July 11, 2022
Israel's New Urban Renewal Plan – When and What?
Last week, the Knesset approved Interior Minister Ayelet Shaked's new urban renewal plan in second and third readings.
The new plan will replace Tama 38, the national outline plan for strengthening existing structures against earthquakes.
What are the main points of the new urban renewal plan? How will it be implemented and until when can projects be promoted within the framework of Tama 38? Read Globe's new article.
July 11, 2022
Proud to Represent Cibus Fund in Biotech Company Investment
Barnea represented Cibus Fund in an investment in Phytolon, a biotech company that develops fermentation-based natural food colors.
July 7, 2022
Guide to the ESGI
Everyone agrees ESG principles are important aspects of companies’ activities, but these principles have also received considerable criticism. This criticism is not of the principles themselves, but rather is directed against companies that exploit these principles for the purposes of public relations and image-building. Such criticism also spotlights the considerable difficulties in implementing fundamental changes in business activities.
July 6, 2022
News for Apartment Buyers in Israel – Major Amendments to the Sale (Apartments) Law
The latest amendment includes a limit on linkage to the construction input index and revises contractors’ compensation rates for delays in apartment deliveries
July 6, 2022
Corporate Governance Rules for Public Companies without Controlling Shareholder
Dominant shareholders, holding alone or in concert more than 50% of the voting power in public companies, have traditionally characterized the Israeli capital market. Consequently, Israeli corporate governance rules for public companies have focused on protecting the public of shareholders from the dominant powers of the all-controlling shareholder.
July 3, 2022
Latest Legislative Amendments to Promote Pinui-Binui Projects
The importance of pinui-binui (vacate-and-build) projects for resolving the housing shortage in Israel has spurred new legislation to resolve the problem of recalcitrant tenants, to define what constitutes a majority of tenants in such projects, and to regulate projects in neighborhoods comprised of detached houses.
July 3, 2022
Hadar Israeli and Jacki Silbermann Op-Ed in Calcalist – Should Israel Be Worried about the US Supreme Court Ruling on Abortion?
The Israeli legal system, like many others, often relies on US precedents and views the US constitution and legal system as a model. Will the US Supreme Court’s decision to overturn Roe v. Wade affect abortion in Israel as well?
June 30, 2022
Barnea Representing Entrepreneur in Conflict over Cannabis Growing Venture in Golan Heights
Eyal Nachshon and Shachar Rothschild represented the entrepreneur and businessman Tomer Solomon against his former partners Uri Amitai, Nir Pelter, and Nadav Segal in a lawsuit over the rights to shares in a cannabis company founded by Solomon. After a hearing on the allegations, the court ruled Solomon was illegally deprived of his holdings, in violation of agreements with him. Therefore, the court ordered the enforcement of the agreements and the return of his holdings in the venture.
June 28, 2022
Barnea Represents Azrieli in Data Center Acquisition
We represented Azrieli Group in the acquisition of a London data center operator for GBP 52 million. The acquisition is part of Azrieli's expansion in the data center sector. Ariella Dreyfuss, Mayer Winkler, and Tal Freilich provided representation in the transaction.
June 23, 2022
The Technologies Encouraging Consumers to Return to Malls
"The day we walk around with robots in stores, or when a shopping cart walks through the supermarket for us and tell us we are passing by a product we have purchased in the past and that is now on sale, is not far away." Adv. Yuval Lazi, head of our firm's International Corporate Department, was interviewed by Globes about retail-tech technologies.
June 23, 2022
Regulation: Internal Enforcement and Compliance
Yesterday, Dr. Zvi Gabbay, the head of our firm’s Capital Market Department, lectured for compliance officers at BDO’s financial academy. Zvi’s lecture focused on internal enforcement, which can significantly mitigate corporations’ exposure to enforcement proceedings being instituted by regulatory authorities, significantly reduce the pecuniary sanctions that might be imposed in respect of violations, and contribute to a corporation’s good reputation for maintaining a culture of compliance and integrity.
June 23, 2022
Barnea Representing Meir Arbiv in Dispute with Nochi Dankner
Advs. Zohar Lande, Moran Bickel, and Asaf Glazner are representing the agricultural entrepreneur Meir Arbiv, who claims Israeli businessman Nochi Dankner's new foodtech venture is based on his trade secrets. Arbiv alleges he passed on such information to Dankner after being convinced to enter into a partnership with him.
June 22, 2022
Elections 2022: The Industry Entering a Huge Crisis
The decision to hold elections in October 2022 looks likely to have a significantly negative effect on Israel’s urban renewal industry. Our firm commented to The Marker, . “If we hoped for a slowdown or a halt to rising real estate prices, it’s not going to happen. Especially in the urban renewal field, there is a real fear of massive delays.”
June 22, 2022
First US Indictment for NFT Insider Trading Offenses
The indictment (US v. Chastain) marks the first time federal prosecutors have brought charges alleging insider trading with digital assets.