Latest Updates

May 16, 2022

Israeli Draft Bill Obligates Monopolists to Publish Financial Statements

The striking innovation in this draft bill is that, upon its enactment, monopolists, even if not declared as such, must publish their financial statements, even if they are not reporting companies.

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May 16, 2022

Everything Beginner Entrepreneurs Need to Know: Tal Freilich Hai Lectures at Aspire Pre-Accelerator

Aspire is a program of Azrieli College, intended for women entrepreneurs making their first steps in the business world. Adv. Tal Freilich Hai lectured to program participants on founders’ agreements.

May 16, 2022

Netta Bromberg Lectures to Israeli Association of Publicly Traded Companies on Amendment to Equal Pay Law

In preparation for the entry into force on June 1 of an amendment to Israel’s Male and Female Workers (Equal Pay) Law, firm partner Netta Bromberg lectured to members of the Israeli Association of Publicly Traded Companies on the law, its significance, and how companies can prepare.

May 16, 2022

Israeli Supreme Court Limits Possibility of Pleading Reliance on Assistance of Counsel as Defense against Indictment

The Supreme Court issued a ruling in principle that it sees no merit in the approach of releasing a person who breached the law from criminal liability based on the fact his or her lawyer failed to warn that the planned action was criminal.

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May 8, 2022

Globes Interviews Micky Barnea on Options and Executive Salary Increases

In 2021, capital compensation grew to become a more dominant component in the salaries of senior executives of companies traded on the Tel Aviv Stock Exchange. As part of an interview series with a number of capital markets experts in Globes, Micky Barnea noted, among other things, that "we are talking about managers who usually received their capital component, whether in options or in shares, before the company's issuance. This is not a negative phenomenon, as we would expect the chairman of the board, for example, whose role is to provide strategic support to the management staff, to have an identity of interests with the shareholders. When he holds such a capital component, which is positively affected by the rise of the stock, this creates an identity of interests."

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May 8, 2022

Plus Ventures and Oren Abeksis Sue Unicorn Company Lusha for Fraud

The investment fund Plus Ventures and private investor Oren Abeksis claim they invested millions of shekels in a previous incarnation of Lusha and that they were defrauded by the entrepreneurs. Zohar Lande, Eyal Nachshon, Dana Bookstein, and Naama Ben Arosh Moshe are representing the plaintiffs.

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May 4, 2022

Israeli Tech in 2032: Anat Even-Chen in Geektime

Ahead of Israeli Independence Day, Geektime published an article asking experts to predict what Israel will be like in ten years. As an expert in the privacy field, Anat Even-Chen was asked to provided her prediction for the data protection field. Anat believes legislation will continue to concern itself with individuals' privacy and eventually there will be a uniform standardization between companies and countries regarding the issue of privacy.

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May 2, 2022

Environmental Sexual Harassment – It’s No Joke, It’s Harassment

Inappropriate memes, sexual innuendo, degrading jokes, intimate details—these all create what is known as environmental sexual harassment. While Israeli law does not precisely define this offense, it treats it similarly to other forms of sexual harassment.

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April 28, 2022

Victory in Lawsuit against Shavei Israel NPO

The Tel Aviv District Court ruled the non-profit organization Shavei Israel had operated improperly for two decades in reporting to the Registrar of Associations that Ms. Sarah Green was a member of the organization. Ms. Green’s ex-husband, the founder of the non-profit, was apparently falsifying her signature on documents submitted to the Registrar. Ms. Green was represented by Advs. Zohar Lande, Gal Livshits, Zohar Haim Levinger, and Naama Ben Arosh Moshe.

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April 25, 2022

Netta Bromberg in Ynet: Working on Israel’s Memorial and Independence Days

There are unique work regulations on Israel's Memorial Day and Independence Day. Netta Bromberg, partner and head of our Employment Department, details to Ynet the major ones related to overtime hours and missing work.

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April 14, 2022

Development Expenses Not Included in Property’s Purchase Value

The Israeli Supreme Court rejected the Israel Tax Authority’s position regarding the inclusion of development expenses in property values for tax purposes.

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April 14, 2022

Migdal Group invests in Scandinavian energy

Migdal Group has invested, together with other partnerships, in the alternative energy projects of Fu-Gen AG and Fu-Gen Assets 4 AB. Firm partners Micky Barnea, Ariella Dreyfuss, and Roy Engel advised on the NIS 1 billion investment.

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April 13, 2022

Tightening Sanctions on Russia

President Biden’s new executive order increases the restrictions on doing business with Russia.

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April 13, 2022

Boards of Directors and Geopolitical Risks – Niv Polani Op-Ed in Calcalist

Global economic strength is adversely affected by geopolitical risks. Corporations have a duty to be prepared. Click to read Niv Polani’s Calcalist op-ed.

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April 10, 2022

Supreme Court Reverses Decision to Shorten Pfizer’s Viagra Patent Period

Two patents protected Pfizer’s Viagra medication in Israel. When one expired, the district court ruled the second had as well. The Supreme Court, however, determined otherwise.

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April 10, 2022

The Role of a Court-Appointed Observer at the Board Table

Dr. Zvi Gabbay participated in a "Zichlinskey Hosts" meeting held by SRI Global Group together with the Israel Directors Union.

April 6, 2022

Representing Amir Birman before Supreme Court

Advs. Hadar Israeli, Eran Elharar, and Shir Rozenzweig represented Amir Birman, one of the directors of Keren Or, in a sentencing appeal. The Supreme Court significantly reduced his sentence and granted him permission to appeal to Israel’s President for a pardon.

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April 5, 2022

Barnea: Representing Kibbutz Shefayim and Yad Hana in Transaction to Sell Land Designated for Logistics Complex

Mivna Group has acquired 50% of the shares of the Yad Hana Homesh Industries Cooperative Association for ILS 140 million. The parties intend to jointly establish an innovative logistics center in a total built-up area of about 100,000 square meters. The client was represented by Advs. Ilan Blumenfeld and Maya Zisser.

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April 4, 2022

Irit Brodsky Featured in Globes Article on Dramatic Changes to Merger Announcements

New Israel Competition Authority regulations impose a heavier reporting obligation on companies seeking to merge. These new regulations have many possible consequences, for better or worse. Firm partner Irit Brodsky discusses the changes in an in-depth article by Globes on the subject.

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April 3, 2022

Amendment to Israel’s Anti-Money Laundering Law

At the end of March 2022, the Israeli Ministry of Justice published a draft amendment to the Prohibition on Money Laundering Law. The proposed amendment seeks to grant supervisory authority to the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA), comparable to that of the Capital Market, Insurance and Savings Authority (CMISA), over financial service providers for aspects of the prohibition on money laundering and terror financing.

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