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January 3, 2022
Will NFTs Push Regulators to Regulate the Metaverse?
Currently, most regulators and governments are on the fence with regards to NFTs, waiting to see what other jurisdictions do or how the market develops. In some instances, governments and regulators are trying to address this issue more actively, but with very different outcomes.
January 2, 2022
Lawsuit filed against Berggruen Residential Limited and Hajaj-Cohen Investments
Our firm is representing the tenants' representatives, as well as 189 apartment owners in the luxury project Meier on Rothschild, in a lawsuit filed against the project's entrepreneur and founder, Berggruen Residential Limited and Hajaj-Cohen Investments. The NIS 2.8 million lawsuit alleges very serious deficiencies and omissions were discovered in the project.
December 30, 2021
Privacy Protection Laws in Israel – Outlook for 2022
The legislation of privacy protection laws in Israel has shifted into high gear and is beginning to close the gap with legislation in Europe. A major step in this direction occurred about a month ago when the Ministerial Committee for Legislation approved a series of legislative amendments designed to adapt the Privacy Protection Law to the consumers, technologies, and trends of 2022.
December 28, 2021
Tax Refunds for Salaried Employees
Tax refunds are not just a matter for the self-employed. In an interview with Israel Hayom to mark the end of the tax year, Harel Perlmutter, the head of our firm’s Tax Department, provides valuable advice on the subject.
December 27, 2021
Lecture: The Practice of Environmental Law
Dr. Zvi Gabbay will lecture today to members of the "Law and Environment" student club at Bar-Ilan University. The lecture will cover the practice of environmental law and include an analysis of precedent-setting judgments on the subject of the environment.
December 23, 2021
I Shared Someone Else’s Photo on Instagram. Did I Commit Copyright Infringement?
Sharing images on Instagram and other social network platforms is such a common practice that we do it without hardly even thinking about it. But we must be aware that sharing a piece of creative content (picture, text, etc.) has implications in terms of copyright laws.
December 21, 2021
Barnea Representing Ness in Acquisition of DXC's Operations for USD 65 Million
Our firm is representing Ness Technologies, owned by Hilan, a TASE-traded software company, in a transaction to acquire 100% of the share capital of DXC Technology's IT services company in Israel (formerly EDS). The scope of the transaction is USD 65 million, and its completion is expected at the end of the first quarter of 2022. Advs. Micky Barnea, Yuval Lazi, Mayer Winkler, and Dana Ben-Yehuda represent Ness in the transaction.
December 20, 2021
Legal Tools for Your Venture’s Success
Yuval Lazi will lecture today on the necessary legal tools to ensure a venture’s success, as part of the entrepreneurship program WE - Women Entrepreneurship. WE is a community that promotes women (mainly female students and alumni) in the entrepreneurship field. It operates on various campuses, including Tel Aviv University, Hebrew University, Bar-Ilan University, Ben-Gurion University, the Technion, Reichman University (IDC Herzliya), and the College of Management.
December 16, 2021
Representing Azrieli Group against MOH Plan to Mark Vaccinated People with Bracelets in Malls
As part of a new wave of COVID-19 restrictions, the Israeli Ministry of Health sought to implement a plan to mark vaccinated people with bracelets in all malls and shopping centers, thereby allowing them to walk freely around such complexes (as opposed to unvaccinated people). The Azrieli Group, through Advs. Zohar Lande, Eran Winner, Anat Even-Chen, Ido Vakshi, and Gaya Tsarfati, sent an urgent appeal to the Prime Minister, the Ministers of Health, Economy and Industry, and Justice, and the Attorney General. In the appeal, we argued that the plan is “discriminatory, offensive, unreasonable, and disproportionate.” In light of the criticism, the Prime Minister and the Minister of Health have decided to walk back the bracelet plan and not include it in the government vote for implementing the Green Pass in malls.
December 15, 2021
Shareholder Dispute at SeeTree Startup
Advs. Eyal Nachshon and Shachar Rothschild represent the minority shareholders of the SeeTree startup. The minority shareholders, who until recently held 3.8% of the company’s shares, claim in the lawsuit we filed that their holdings were diluted to 3.074%, depriving them of their rights, while the majority shareholders exceeded their authority and violated obligations to them. The startup completed a sixth round of funding this year at a value of USD 70 million.
December 14, 2021
Accessibility Requirements for Public Company Reports – Advising the Association of Publicly Traded Companies
Our firm is advising the Association of Publicly Traded Companies vis-a-vis the Ministry of Justice, the Commission for Equal Rights for Persons with Disabilities, and the Israel Securities Authority regarding accessibility requirements for public company reports.
From the legal review we prepared for the client, we determined there is no place or justification, even from a broad international perspective, to impose accessibility requirements on companies with regard to public company reports, or to allow private enforcement (in the form of class action lawsuits) against public companies.
December 12, 2021
Do You Own Crypto? AML Order Also Applies to Digital Currencies
For the first time, companies providing virtual currency services will be required to comply with Israeli anti-money laundering provisions. This follows an amendment to the Prohibition of Money Laundering Order that recently came into effect. The amendment will apply to financial asset service providers obligated to hold a license under the Control of Financial Services Law.
December 12, 2021
Representing Natoon Group in Sale Worth Over NIS 90 Million
Sagi Gross, Daniel Kleinman, and Izabel Pashayev represented Natoon Group and its shareholders in a sale of control of 70% of the group's holdings to Afcon Holdings, a public company. Natoon Group is engaged in asset management and operation services and the maintenance of fire safety systems.
December 12, 2021
To Tag or Not to Tag: Delta Wins Suit over Sharing Customer's Photo on Instagram
An Israeli magistrates' court recently discussed the issue of copyright infringement regarding the use of a tagged photo on Instagram. According to Adv. Gal Livshits, a firm partner interviewed by Israel Hayom on the subject, "Sharing a picture of others on social media is so common we do it often without even thinking, but we must be aware that sharing a piece of content (picture, text, etc.) has consequences."
December 5, 2021
Workplace: Maternity and Paternal Leave Rights in Israel
People have many questions about their rights to parental leave, especially with respect to their workplaces. What are your rights as parents of newborns? We have compiled some of the key answers to prevalent questions about mothers’ and fathers’ rights to parental leave.
December 5, 2021
Israeli Ministry of Environmental Protection: ILS 3 Million Sanction on Shufersal
The Israeli Ministry of Environmental Protection announced this week its imposition of a pecuniary sanction totaling about ILS 3 million on the leading supermarket chain Shufersal for violations of the Clean Air Law. (In particular, the company violated provisions mandating the reduction and prevention of air pollution from its vehicles).
December 5, 2021
Representing Mashov in Sale Transaction
Our firm represented Mashov, the developer of a school management app, in its sale to the Israeli company Priority. About one million parents and school students use the app on a daily basis to communicate with pedagogical teams. Mashov is a profitable company that employs 25 people.
December 1, 2021
ESG – Risks and Legal Responsibility – A Lecture by Dr. Zvi Gabbay
Since the COVID-19 outbreak and the exacerbation of the climate crisis, ESG factors have increasingly influenced the profit line of businesses. The ESG Management Program at the Coller School of Management at Tel Aviv University, which will open in March 2022, will bring the most important aspects of ESG to those whose activities have an impact on the investment chain: executives, directors, investors, analysts, and public sector personnel.
As part of the program, Dr. Zvi Gabbay will give a lecture entitled: "Risks and Legal Responsibility - How ESG Becomes a Significant Part of the Duties of an Organization's Officers and What Happens When Neglected."
November 28, 2021
For the First Time, Israel Competition Authority Enforces Prohibition on Excessive Pricing
For the first time, the Israel Competition Authority has opened enforcement proceedings against a monopolist for abuse of its dominant position by charging an unfairly high price. Subject to a hearing, the authority intends to impose a pecuniary sanction of ILS 8 million on MBI Pharma Ltd. and personal sanctions on two officers of the company (of about ILS 600,000 each). The company faces accusations of charging an excessive price for Leadiant, a life-saving drug for CTX patients (an incurable genetic disease), which is marketed by MBI Pharma in Israel.
November 25, 2021
Representing Mouro Capital in Investment in Vesttoo
We represented Mouro Capital in its USD 8 million equity investment in the Israeli tech insurance startup Vesttoo, as part of its role as the lead investor in the company's USD 16 million Series B round. Ariella Dreyfuss represented Mouro Capital in the deal.