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Latest Updates / Startups
March 27, 2025
Yozmot - Real Estate Development: Successful Bond Issuance Completed
Yozmot - Real Estate Development, an entrepreneurial contracting company specializing in urban renewal, has successfully completed its inaugural bond issuance and is now listed on the Tel Aviv Stock Exchange, raising approximately ILS 50 million. The offering was supported by Adv. Elad Reshtick from our firm's Capital Markets Department.
March 26, 2025
AI Becoming More Human than Ever: Are Service Agents on Their Way Out?
AI is becoming emotionally intelligent, with new models designed to recognize and respond to human emotions. Tech companies are investing in emotional AI to improve customer service, potentially making AI agents more empathetic than human representatives. Dr. Avishay Klein, a partner and head of our Privacy, Cyber AI Department, spoke to Globes about what the near future of this technology might look like.
March 26, 2025
Barnea: Representing Danshar in Sale of Its Pop Star Popcorn Brand
Advs. Gal Rozent and Irit Brodsky represented Danshar in all competition-related aspects concerning the sale of its private label for US-imported microwave popcorn. The sale was made to food company Sugat, which is owned by the Fortissimo investment fund.
March 25, 2025
Can ChatGPT Be Sued in Israel? Israeli Court Issues Its Ruling
The District Court in Israel recently ruled that it has jurisdiction to adjudicate a class action filed against OpenAI, the creator of ChatGPT.
March 24, 2025
Pay Attention: Clearview AI to Pay Landmark Amount for Collecting Biometric Data Without User Consent by Scraping
Recently, a US District Court in Illinois has granted final approval to a settlement in the Clearview AI consumer privacy litigation, concerning the company’s controversial practices of collecting and storing biometric facial recognition data. This should serve as a reminder that US state privacy laws are as relevant as ever and that their violation may lead to significant penalties.
March 24, 2025
“Angels Law” Promotes Investments in Israeli High-Tech Startups
In February 2025, the Israeli Tax Authority published an Income Tax Circular outlining the conditions and principles of the new Angels Law, focusing on the tax benefits granted to investors in early-stage companies that qualify as R&D companies.
March 23, 2025
New Legal Protections for Bereaved Employees in Israel
The Families of Fallen Soldiers Law was amended recently, which prohibits employers in Israel from dismissing any employee who is a member of a fallen soldier’s family (“bereaved employee”), from docking his/her wages, from reducing his/her appointment percentage and from sending him/her home on unpaid leave during the year of mourning.
March 23, 2025
Barnea: Representing Munich Re in USD 2.6 Billion Acquisition of Next Insurance
Advs. Ariella Dreyfuss and Dean Weinberg from our Corporate Department advised Munich Re, together with our colleagues at Kirkland Ellis, on its definitive agreement to acquire Next Insurance for USD 2.6 billion. They were supported by Advs. Hanna Daher and Fadi Atallah from our Tax Department; Adv. Netta Bromberg, head of our Employment Department; and Dr. Avishay Klein, head of our Privacy, Cyber and AI Department.
March 20, 2025
High-Income Earners in Israel Prepare to Pay an Additional Surtax
As of 2025, an additional 2% surtax will be imposed specifically on taxable capital income (income from dividends, interest, capital gains from real estate sales and other capital sources) exceeding the maximum of ILS 721,560. This means that taxable capital income exceeding the maximum will now be subject to an inclusive surtax of 5%.
March 20, 2025
Israel Bar Association Tax Conference: Advs. Harel Perlmutter and Maya Carmi
Advs. Harel Perlmutter and Maya Carmi Lubartovski from our firm participated in the Israel Bar Association's (Southern District) Tax Conference. The conference covered various aspects of taxation, including real estate tax, income tax, and VAT. Harel and Maya participated in a panel on trust taxation, discussing the practical application of trust taxation (income tax and real estate tax) and how it is actually carried out in practice.
March 18, 2025
Adv. Harel Perlmutter on Channel 12 News: Largest Exit in Israeli High-Tech History
Adv. Harel Perlmutter, a partner and head of the firm's Tax Department, was interviewed yesterday on Channel 12, Israel's main news channel, regarding the largest exit in Israeli high-tech history. He discussed the tax implications of the deal, stating that "between ILS 12 and 16 billion will flow into the state's coffers, covering nearly 10 percent of the national deficit with this deal alone."
March 13, 2025
New Real Estate Brokers Regulations in Israel Require Professionalism, Transparency, Fairness, and Accountability
On March 9, 2025, the Real Estate Brokers Regulations (Ethics and Professional Duties) of 2024 came into effect which, for the first time, impose rules of ethics and binding professional obligations on all real estate brokers in Israel and regulate key aspects of real estate brokers’ work.
March 13, 2025
Adv. Roy Engel with IHFA: Cayman Islands Hedge Funds
Adv. Roy Engel from our firm recently took part in a webinar on Cayman Islands hedge funds, hosted by the Israel Hedge Fund Association (IHFA). Roy discussed the latest regulatory and corporate governance requirements in the Cayman Islands. The session was both highly relevant and informative.
March 13, 2025
Bank of Israel Releases Preliminary Digital Shekel Design for Public Comment – A Real Opportunity for Competition and Innovation?
Last week, the Bank of Israel published a preliminary design of the central bank’s Digital Shekel system. In a detailed document, holding more than 100 pages, the Bank of Israel presents guiding principles and a work plan for further advancing this ambitious project.
March 12, 2025
Isracard Purchased 30% of Bizi For ILS Tens of Millions
Isracard has acquired one-third of the shares in the fintech company BIZI, which provides loans to small businesses through a digital platform, at a pre-money valuation of ILS 90 million. Advs. Ilan Blumenfeld, Daniel Kleinman, and Shahaf Arbely from our firm advised BIZI in this transaction.
March 11, 2025
Shahar Poller Atzil on Channel 10: New Broker Regulations
New ethics regulations for real estate brokers in Israel recently came into effect, requiring them to operate with full transparency and uphold high standards of integrity toward their clients. Adv. Shahar Poller Atzil, a partner in our Litigation Department, was interviewed by Channel 10, Israel's business news channel, on the new reform, which is set to radically change the landscape of the real estate brokerage market in Israel.
March 11, 2025
Webinar: Impact of Unexpected Events on Construction Projects
In Israel in 2025, there is no moment of relief. Unexpected events have become a routine part of life here. But what happens when these events directly impact the construction market and projects?
Our firm, in collaboration with GCs for GCs, is hosting a practical webinar on this very topic. Adv. Shai Avnieli, a partner and head of the Projects and Infrastructure Department, will share his insights on navigating these events in Israel’s ever-evolving and dynamic market, one that never ceases to surprise. The webinar will be held on March 26, 2025, at 11:00.
March 10, 2025
Conference: Artificial Intelligence in Marketing - AI for Business Growth
The digital world is changing rapidly, and, with it, AI is reshaping the rules of the game. To stay ahead, we need not only to understand the new tools but also know how to leverage them for business growth. Adv. Avishay Klein, a partner and head of the firm's Privacy, Cyber and AI Department, will speak on AI regulation and how it may impact businesses choosing to use the platform for marketing purposes.
March 10, 2025
Adv. Alon Abcasis in Article for Ynet: Building Rights in Urban Renewal
After a new record was set in 2024 for the number of pinui-binui complexes in Israel, Ynet conducted a study among cities in the Tel Aviv metropolitan area to determine which grants the most building permits for urban renewal. Alongside industry experts, Adv. Alon Abcasis, a partner and head of the firm's Residential Real Estate and Urban Renewal Department, was interviewed for this fascinating study on the gaps between Givatayim and Tel Aviv.
March 9, 2025
Israeli Tax Reform for "Closely Held Companies"
At the end of 2024, the Knesset enacted significant legislative updates within the framework of the Arrangements Law that completely revamp how "closely held companies" are taxed in Israel.