Latest Updates

March 30, 2022

Appointment of an Auditor – New Statement on Required Disclosure

According to a new ISA legal position, convening a general meeting of shareholders to vote on a public company’s appointment of an independent auditor requires expanded disclosure.

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March 29, 2022

Representing Menora Mivtachim in Acquisition of Nisko Shares

Our firm represented Menora Mivtachim Insurance Ltd., Shomera Insurance Company Ld., and Menora Pension and Provident Ltd. in a transaction to purchase 15% of Nisko Group's shares for NIS 180 million. Advs. Ilan Blumenfeld and Dor Levi-Tam advised on the transaction.

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March 29, 2022

Complete Guide to the TASE IPO Process

The Israel Securities Authority guides provides basic guidelines to corporations going public and answers critical initial questions.

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March 28, 2022

Representing Granite CEO Accused of Fraud

The Israel Securities Authority arrested and released under restrictive conditions the CEO of Granite Securities Portfolio Management. He is suspected of fraudulently receiving loans from the company's clients, presenting false representations regarding the loans, and presenting false representations of providing investment advice in accordance with the law, at a scale of NIS 6.5 million. The client is represented by firm partner Hadar Israeli.

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March 28, 2022

Significant Change in Format to Report Mergers to Competition Authority

The new format heralds a reduction in the volume of transactions that require reporting. However, it imposes a far heavier burden on parties to transactions that do require reporting, even for mergers posing no competitive concerns.

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March 27, 2022

Regulatory Activism Is Not the Proper Form of Enforcement

Globes has published an op-ed by Dr. Zvi Gabbay commenting on a statement made by a senior official at the Israel Securities Authority regarding the applicability of securities regulation on various types of alternative investments.

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March 27, 2022

Secondary Violations and Other Issues – Amichai Cohen Op-Ed in Globes

Professor Amichai Cohen enumerates the sweeping effect of the sanctions regime against Russia, and details important points for businesspersons in Israel.

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March 22, 2022

Representing Danel Group in Completion of Acquisition of Manor Medical

Advs. Micky Barnea, Ilan Blumenfeld, and Daniel Kleinman from our firm represented Danel Group in the acquisition of Manor Medical, which operates in the surrogacy, egg donation, and medical tourism fields. This transaction constitutes the completion of Danel’s acquisition of Manor Medical based on a NIS 100 million valuation.

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March 22, 2022

International Sanctions on Russia Have Significant Impact on Israeli Private Market

Many transactions in the Israeli market made in dollars also have to go through American banks at some point, and are therefore subject to the American sanctions regime. In an op-ed published by Dun’s 100 Calcalist, Amichai Cohen argues international sanctions against Russia have had a significant impact on the Israeli market, and it appears the time has come for the Israeli government to recognize this.

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March 21, 2022

Hosting a Space Technology Delegation with Business France

Our firm hosted a delegation of French aerospace technology companies. Firm partners Samuel Henry Samuel and Harel Perlmutter discussed various aspects of entering the Israeli market.

March 20, 2022

Ukraine War and International Economic Sanctions

Israeli companies in the “risk zone” must ascertain if they are subject to sanctions and adopt a significant sanctions compliance plan.

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March 17, 2022

Russian Oligarchs’ Growing Interest in Israeli Real Estate

Liat Keisary, an expert in advising high-net-worth private clients, was interviewed by TheMarker about Russian oligarchs’ sudden interest in Israeli real estate. Liat detailed the difficulties these oligarchs now face in the wake of Russian sanctions in making payments and obtaining guarantees from banks in Israel.

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March 17, 2022

Expansion of Night Shift Work Arrangements to Include Single Parents

An amendment to the Employment of Women Law, which went into effect on March 14, dictates that employers may not refuse to hire women or single parents simply because they do not agree to work night shifts due to family considerations.

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March 15, 2022

Cryptocurrencies – If You Can't Beat Them, Regulate Them

Crypto regulation – It’s the authorities’ turn to act and allow for integration of the industry into conventional economic activities.

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March 15, 2022

Equal Pay for Male and Female Workers: Employers’ New Reporting Obligations

A new amendment to the Male and Female Workers (Equal Pay) Law aims to promote equal employment terms in Israel.

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March 13, 2022

Oligarchs, Sanctions, and Money Transfers - Harel Perlmutter in the Sunday Times

Is Israel a tax haven for Russian billionaires? Our firm's Harel Perlmutter and other experts shed light on what is happening.

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March 10, 2022

Manpower Challenges and Existing Tech Solutions

Many organizations are facing manpower issues related to recruiting and retaining employees. This has led to a sharp rise in HR tech. Globes interviewed experts from the technology field, among them Adv. Daniel Lorber, a partner at our firm. Daniel noted there are a variety of solutions for existing challenges: artificial intelligence platforms that detect bias and discrimination against candidates or that know how to read employee work patterns, augmented reality technologies that allow candidates to “see inside” an organization before deciding to join, and tools that can warn a company about employee burnout or an employee’s intention to leave the company.

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March 9, 2022

The Gender Wage Gap – Netta Bromberg Interview in Globes

Our firm's labor law expert was interviewed by Globes on the entry into force of an amendment to the Equal Pay Law, which requires companies with at least 518 employees to publically disclose their wage gaps. Netta noted other methods for reducing the gender wage gap: "In New York, legislation has been passed ordering job ads to state the proposed salary for the position. This is a much better method. It assumes women negotiate less well than men for all sorts of reasons and that publishing the salary in advance will reduce discrimination."

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March 9, 2022

Barnea: Representation of the Azrieli Group in the purchase of Labs' workspace for NIS 130 million

Adv. Sagi Gross, Daniel Kleinman, Izabel Pashayev, and Dor Levi-Tam represented Azrieli in an acquisition of Labs from the businessman Teddy Sagi. The workspace complex in the Sharona Tower includes office space, venues hall, a lounge, and a gym. The Labs International network includes several locations around the world including London.

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March 9, 2022

Representing CEO of Real Estate Company Alleged to Have Defrauded Investors of ILS Tens of Millions

Adv. Hadar Israeli is representing Moti Abergil, the CEO of Yeadim Real Estate Group, in an investigation against him led by the Israel Securities Authority.

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