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May 14, 2023
Israel: Suing Monopolies for Setting Unfairly High Prices
The regulations grant several new rights to the relevant data subjects, when the database contains information transferred from the European Economic Area (EEA) to Israel, including the data subject’s right to delete information and a broader right of review.
May 14, 2023
Israel: Information Transferred from European Economic Area
The regulations grant several new rights to the relevant data subjects, when the database contains information transferred from the European Economic Area (EEA) to Israel, including the data subject’s right to delete information and a broader right of review.
May 10, 2023
Delay in Delivery of Apartment – Waiver of Claims Clauses
To ensure the agreed arrangement is appropriate and does not include a waiver of the buyer’s cogent rights under Israeli law, several principles should be taken into account, such as if the agreement reflects a reasonable assessment of the inherent risks in the event of disputes between the parties.
May 10, 2023
Material Transfer Agreements: Why They Matter
IP can be tangible, and MTA agreements are there to determine the terms and conditions of their transfer and usage.
May 9, 2023
Amendment to Israel’s Equal Pay Law – New Recommendations (2.0)
For employers that discover gender wage disparities in their organizations, the Equal Employment Opportunities Commission recommends taking action to appoint an implementation team comprised of both senior management representatives and employees, for the purpose of preparing a multi-year work plan to promote equal pay and reduce gender wage disparities.
May 9, 2023
Gal Rozent Lectures at Annual Competition Law Conference
Gal Rozent, the head of our firm’s Competition and Antitrust Department, was invited to lecture at Haifa University’s annual competition law conference. Senior officials from the competition field and attorneys from Israel’s leading law firms attended.
May 8, 2023
Regulating the Israeli Crypto Market – Dr. Zvi Gabbay Article in Calcalist
The Arrangements Law for 2023-2024 makes extensive reference to expanding and creating a regulatory infrastructure in the digital assets field. Specifically, the Israeli government refers to regulation in a number of different areas, including the cryptocurrencies market. Dr. Zvi Gabbay, head of our firm’s Capital Markets Department, elaborates on the subject in an article for Calcalist.
May 7, 2023
Israeli Registrar of Companies Increases Enforcement Measures against “Violating” Companies
Companies should promptly settle unresolved issues with the Registrar of Companies in order to avoid sanctions, fines, and difficulties obtaining credit.
May 4, 2023
Attorney-Client Privilege Does Not Apply to Directors of Insolvent Companies
The Israeli Supreme Court has ruled that legal advice given to directors who are members of an audit committee or an independent committee is not protected by attorney-client privilege and that the company (and the trustee who is subrogating for the company) own the legal advice. Consequently, a trustee appointed after a company collapses may receive documents and correspondence exchanged between directors and the company’s attorneys.
May 4, 2023
Barnea: Hosting AI & Regulation Conference
Our firm hosted the “AI Regulation" conference, with the participation of Gilad Samama, head of the Israel Privacy Protection Authority, and other senior officials. The conference was held in collaboration with the International Association of Privacy Experts (IAPP) and the Israel-America Chamber of Commerce. At the conference, Dr. Avishay Klein, head of our firm’s privacy, data protection and cyber practice, lectured on the regulation of artificial intelligence in Israel and around the world.
May 3, 2023
Ministry of Economy and Industry v. Coca-Cola: Gal Rozent Interview
Last March, Coca-Cola alerted retailers of a 7% price increase for its sugary drink products. Yesterday, the Israeli Ministry of Economy and Industry informed Coca-Cola of its intention to examine the need for supervision of the company's products in Israel. The ministry suspects Coca-Cola’s significant product price increase may affect the beverage sector in Israel as a whole. As an expert in the competition field, Gal Rozent was interviewed by TheMarker on the subject.
May 2, 2023
The Business Judgment Rule – a Director’s Best Friend
Board members looking to protect themselves from lawsuits pertaining to the proper fulfillment of their duties must fully understand the three principles of the business judgment rule. Because what is true in Delaware is also true in Israel.
May 2, 2023
Distribution Waterfalls in Private Investment Funds
The growth of private equity funds in Israel derives mainly from the maturation of many Israeli companies. So what are the main differences between private equity funds (PE) and venture capital funds (VC)?
May 2, 2023
Israeli Court Rules Foreign Workers Not Entitled to Old-Age Pension
The Haifa District Court recently adjudicated on the rights to a pension of a group of foreign workers who had finished their employment and subsequently left Israel. The court determined, as a general rule, that a foreign worker who is not a resident of Israel is not entitled to old-age pension from the National Insurance Institute. Amos E. Rosenzweig, a special of counsel at our firm and former general counsel at the NII, sheds lights on this issue in an article for Calcalist.
April 24, 2023
Tel Aviv Stock Exchange Publishes ESG Questionnaire
The publication of the questionnaire aligns with global trends and reflects the importance of this subject for investors. According to the TASE press release, only 70 companies currently publish full ESG reports.
April 24, 2023
Barnea: Representing Eshkolot in Lawsuit against Netflix
Eyal Nachshon, Dana Bookstein and Naama Ben Arush Moshe are representing Eshkolot, the Company for the Performing Rights of Israeli Artists in a lawsuit it filed against Netflix, alleging the company made use of protected performances without obtaining the artists’ consent and without paying them royalties.
April 18, 2023
Greenhouse Gas Emissions: Scope 1, Scope 2 and Scope 3
The monitoring of greenhouse gas emissions is not only important for protecting environmental quality, but it also offers commercial benefits, such as monitoring energy and supply chain expenses and participating in carbon emissions trading markets.
April 18, 2023
Webinar: Implications of Digital Services Act
The recently enacted Digital Services Act is considered a major reform of services, content, and information in the digital sphere. It imposes new obligations on a wide variety of Israeli high-tech companies. Dr. Avishay Klein, head of our firm’s privacy and data protection practice, lectured as part of a webinar hosted by the In-House Counsels for In-House Counsels Organization about the new law and its practical aspects, including when and how companies should prepare.
April 16, 2023
Israel’s Minimum Wage Is Rising
The update will take effect already in the salaries for April 2023 and will affect the sums of social contributions to provident funds and severance pay, vacation pay, overtime pay, and sick pay.
April 10, 2023
Insolvency and Late Offers: Idan Miller Op-Ed in TheMarker
Does the ability to make a later offer in insolvency proceeding help creditors to receive more and allow the trustee to conduct a more thorough procedure?