Latest Updates

August 7, 2022

Public Corporations and Public Announcements – between the Rock of Israeli Competition Law and the Hard Place of Securities Law

While the Israeli Securities Law obligates public companies to report their activities fully and transparently, the Israeli Competition Authority may prosecute them precisely for doing so.

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August 7, 2022

Barnea Representing Phoenix and More against Megureit Israel

Phoenix and More, two of three institutional bodies held by Megureit Israel, a residential real estate investment fund listed on the Tel Aviv Stock Exchange, sent the public company a letter demanding it disclose documents as a step before filing a derivative lawsuit against it. The basis of the letter is the claim that the extension of the agreement with the management company was carried out in a manner inconsistent with the rules of proper corporate governance and the provisions of the law, since approval of the general meeting was never received. Advs. Zohar Lande, Adi Shoham and Tzofiya Shenfeld are representing Phoenix and More in this matter

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August 3, 2022

Implications of Israeli Public Transportation Reform on Reimbursement of Employees' Travel Expenses

Many employers in Israel calculated the daily travel cost according to the monthly pass. As a result of the reform employers may be required to recalculate the cost of their employees’ daily reimbursement.

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July 31, 2022

Proud to Announce Program to Support New Parents – "Barnea with You"

Our firm is proud to announce the launch of "Barnea with You," a program aimed at supporting new parents at our firm. As part of this program, new mothers who remain on maternity leave longer than (the paid) 15 weeks will be entitled to a monetary grant from the office for each month of parental leave, up to a maximum of three months. Other benefits include five extra days of paternity leave at the company's expense and group activities for mothers on maternity leave. For more information, read the Globes article.

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July 31, 2022

Israeli Supreme Court: Monopolies May Be Sued for Charging Unfair Excessive Prices

Israeli district courts have already recognized the possibility of suing a monopoly for charging an unfair excessive price, but the Israeli Supreme Court’s recognition of this cause of action ends defendants’ potential arguments for opposing this very possibility.

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July 28, 2022

Israeli Consumers Can Sue Global Corporations Pursuant to Israeli Law Even if Agreement Determines Otherwise

This significant ruling enables small businesses to sue global mega corporations according to Israeli law.

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July 28, 2022

Israeli Supreme Court Asserts Responsibility Is Not Necessarily Accountability

In its Euro-Trade ruling, the Israeli Supreme Court essentially allows regulatory and public authorities to act as they deem fit and to receive the court’s protection even when their actions result in substantive damages.

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July 27, 2022

Barnea Representing Several Ability Group Cyber Companies

Advs. Zohar Lande and Liron Dahan submitted a motion to initiate insolvency proceedings and temporary operations on behalf of several cyber companies from Ability Group. Ability Group faces debts of approximately NIS 150 million.

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July 24, 2022

The Next Generation of Shareholders – Micky Barnea Interview in Globes

Are the heirs of business owners entitled to inherit company shares in equal parts? Read the Globes interview with Micky Barnea, our firm's managing partner.

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July 21, 2022

Major Import Reform: Who Is Set to Benefit? Amichai Cohen Op-Ed in Jerusalem Post

As part of Israel’s economic plan for 2021-2022, a major import reform came into effect in June. This reform aims to encourage competition between Israeli manufacturers by allowing cheaper imports of products from abroad. How will the reform work and who will benefit and lose from it? Read the op-ed by Prof. Amichai Cohen, the firm’s expert advisor on international legal issues, in the Jerusalem Post.

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July 21, 2022

Bezeq Affair and Implications for Independent Committees – Micky Barnea Interview in Globes

Following Judge Michal Agmon-Gonen’s ruling to drop certain charges from the indictment in the Bezeq securities case, Micky Barnea, the firm’s managing partner, was interviewed by Globes. Micky noted, “This ruling should not diminish the status of independent committees, but rather create order regarding them.”

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July 21, 2022

Prohibition on Receiving Information on an Employee’s or Prospective Employee’s Criminal Record

The Criminal Information and Rehabilitation of Offenders Law recently came into effect. From now on, employers may no longer ask employees or prospective employees to provide information about their criminal records. This includes through an affidavit, declaration, or written questionnaire.

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July 21, 2022

Schweppes Case Ruling: When Is Parallel Importing Legitimate?

The Israeli Supreme Court overturned a district court ruling and stated the court erred when it attributed internationality to the Israeli trademark “Schweppes” and associated it with a global venture.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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