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June 28, 2023
Representing a Billionaire in a Dispute with His Former Son-in-Law
A tumultuous seven-year family conflict ended with the issuance of a ruling by Israel’s Supreme Court. The Court ruled in our client’s favor that funds allocated by him for the benefit of his daughter and which were managed by his former son-in-law in various investments were meant to be held in trust and were not given as a gift, as the son-in-law claimed.
The Supreme Court ruled that a trustee will be appointed to manage the trust in accordance with its goals, that the former son-in-law must return the funds to the trust, and that the trustee shall be entitled to take any action necessary to recoup all of the trust’s assets, including the funds the son-in-law allegedly embezzled. In addition, the Supreme Court ordered the son-in-law to bear our client’s legal fees and expenses amounting to NIS 1.25 million.
Zohar Lande, Gal Livshits, Adi Shoham, Zohar Haim Levinger, and Liron Dahan provided representation in this matter.
June 27, 2023
Reading Financial Reports: Lecture on Legal Issues
Our firm is hosting the Israeli Association of Corporate Counsel’s course on how to read financial reports for in-house legal counsels. The duration of the course is eight sessions. In today’s session, Elad Reshtick lectured on company valuations, dividend distribution tests, pro-forma financial statements, and more.
June 26, 2023
Hosting a Delegation of Entrepreneurs from Mexico
We hosted a delegation of entrepreneurs from Mexico, who arrived in Israel to learn about investment opportunities in the Israeli high-tech market. As part of the delegation’s visit, Ariella Dreyfuss lectured on the legal aspects of doing business in Israel.
June 25, 2023
Competition Law: Massive Fines for Harming Parallel Imports
The amendment is part of the government’s efforts to bring down the cost of living by increasing competition in the import sector. However, the amendment also imposes considerable restrictions on direct importers.
June 22, 2023
How to Conduct Board and Committee Meetings
Minutes of board meetings and board committee meetings have become a key tool for Israeli courts when examining directors’ conduct against the business judgment rule. Therefore, it is important to know how to record, document, and distribute minutes.
June 20, 2023
Class Actions Law: Eyal Nachshon Lectures on Israeli Association of Publicly Traded Companies Webinar
Eyal Nachshon, a partner in our firm’s Litigation Department, was invited to lecture on a webinar hosted by the Israeli Association of Publicly Traded Companies. Eyal discussed a recent case involving 70 simultaneous digital accessibility class action lawsuits. Also lecturing as part of the webinar were representatives from the Ministry of Justice and the Israel Securities Authority, who served as members on the committee examining the recently published amendment to Israel’s Class Action Law.
June 20, 2023
Azrieli Group to Sell Stake in Compass Data Centers for ILS 3.2 Billion
Adv. Ariella Dreyfuss has been representing Azrieli in its ongoing investments in the data centers field. Following its 2019 acquisition of 20% of Compass for USD 135 million, Azrieli announced yesterday an agreement for the sale of Compass to Brookfield Infrastructure. Compass Data Centers is one of the largest developers of data centers in the world.
June 19, 2023
Barnea: Hosting Conference on Tenders in Collaboration with ACC Israel
We hosted a conference on tenders at our office together with the ACC Israel. Ronit Niederman, a partner in the Tenders and Projects Department, discussed tender negotiation strategies. Gal Rozent, head of the Competition and Antitrust Department, spoke about the role of competition in tenders. Among the guest speakers at the conference was Joy Sturm, a partner from international firm Hogan Lovells, who participated in a panel with Shai Avnieli. They discussed how to submit tenders in the US. Another keynote speaker was Gal Somech, legal advisor to the Haifa Port, who addressed the port’s privatization process.
June 19, 2023
Default Arrangements in Israeli Investment Funds – Unwritten Provisions in Partnership Agreements
Many investors and fund managers are unaware that a simple reading of the relevant partnership agreement is not sufficient to get the “full picture” of the legal conditions that apply to their specific limited partnership.
June 19, 2023
Barnea: Eshkolot vs. Netflix
Globes’ new weekly column, “Three Legal Rulings in a Week,” chose to highlight the court’s ruling in a case handled by firm partner Eyal Nachshon. Eyal and his team are representing Eshkolot in the lawsuit it filed against Netflix.
June 18, 2023
ICA Takes Broad Enforcement Measures against Food Suppliers
As part of a series of measures to combat the cost of living, the Israel Competition Authority’s Director General is taking broad law enforcement measures for the first time against major food suppliers for violations of the Food Law. Inter alia, the Food Law prohibits food suppliers and retailers from engaging in various commercial arrangements that could prevent small suppliers or retailers from competing.
June 16, 2023
Inbar Gorelick Lectures to “Female Entrepreneurs on Campus” at Tel Aviv University
Adv. Inbar Gorelick was invited to Tel Aviv University to lecture as part of the “Female Entrepreneurs on Campus” project
Inbar discussed what to take into consideration when incorporating a company, the importance of founders agreement and intellectual property protection.
June 13, 2023
Unprecedented Sanction for Failing to Provide a Full Response to the Israel Competition Authority’s Demand for Data
This is not the first time the Israel Competition Authority has imposed sanctions on companies that fail to respond adequately to its demands for data. However, this is the highest sum ever imposed for such a violation and approaches the maximum the ICA’s Director General may impose in this regard.
June 12, 2023
Roy Engel Lectures on Hedge Funds, VCs, and PEs
As an expert in the funds area, Roy was invited to lecture to a course led by the Israel Financial Institute (IFI) for 50 managers of Altshuler Shaham. Roy discussed types of alternative investments and both the legal and the administrative/supervisory aspects of the structure of funds.
June 8, 2023
Simulated Contracts and Concealed Agreements
The Israeli Supreme Court’s ruling contains strict determinations regarding simulated contracts whose sole purpose is to defraud the tax authorities and the banking system. Inter alia, the Supreme Court addressed an ongoing judicial debate about the classification of simulated contracts.
June 5, 2023
When May an Employer Monitor Employees Working Remotely?
Employers that want to use technological surveillance measures to monitor and track employee performance remotely must be diligent about formulating a clear policy, informing employees, and using these means reasonably and proportionately.
June 5, 2023
Algorithm-Based Pricing – the Next Challenge in Competition Law?
The uptrend in the use of algorithm-based pricing tools is increasing competition concerns, especially wherever market concentration is high. Are competition laws equipped to deal with this situation?
June 5, 2023
The Guide to Avoiding Lawsuits Stemming from Sponsored Advertising
To avoid lawsuits, companies that decide to publish sponsored marketing content and collaborate with influencers should be aware of the limitations that apply to them, including Consumer Protection Law provisions. Anat Even-Chen provides practical tips in an article for Calcalist.
June 5, 2023
Startups: Judging Student Competition in Department of Information Systems at University of Haifa
As experts in the high-tech field, Itay Gura and Inbar Katzir were invited to act as judges in a startup project competition held by students of the University of Haifa’s Department of Information Systems.
June 5, 2023
Sagi Gross Lectures at Bar-Ilan University
Sagi Gross, a firm partner, was a guest lecturer in an environmental law course at Bar-Ilan University. He spoke about the environmental aspects of merger and acquisition transactions.