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Home · practice areas · Latest Updates

Latest Updates / Startups

February 13, 2022

Nothing Lasts Forever – New Israeli Supreme Court Ruling Expected to Reduce Legal Protection Granted to Managers and Board Members in Israel

After a lawsuit filed by liquidators of a company that collapsed against the company’s former officers, directors, and independent auditors was dismissed in limine, a new Israeli Supreme Court ruling overturned that decision and allowed the liquidators to move forward with the lawsuit, alleging that lack of oversight was what led to the company’s collapse. The significance of this new ruling is that the “business judgment rule” will no longer be interpreted as providing automatic protection to executives, and they may now be compelled to participate in lengthy legal proceedings to prove their entitlement to legal protection.

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February 10, 2022

Israeli Amutot Business Activity – When Permitted and Under What Conditions?

Many believe the law prohibits an Israeli NPO (Amutah) from operating business activity in order to maximize profits for itself. One of the reasons for this is the language of section 1 of the Amutot Law. A more precise reading of the section shows it does not expressly prohibit such activity, but stresses its conditions.

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February 9, 2022

Representing Shareholders in Startup's Acquisition by Vontier

We represented Inven Capital, Volvo Group Venture Capital, and Ombu Group in the sale of their shares in Driivz to Vontier, a global mobility company. Simon Jaffa, Ariella Dreyfuss, Harel Perlmutter, and Fadi Atallah from our office advised on the transaction.

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February 3, 2022

The Israeli Privacy Protection Authority’s Recommendations Regarding the Appointment of Data Protection Officer

The Israeli Privacy Protection Authority has published recommendations that organizations and companies in all sectors of the economy should appoint data protection officers, along with an instruction kit in this regard. The document was published at the end of January 2022 as part of Privacy Protection Week.

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February 2, 2022

Interview with Micky Barnea: Takeovers of Public Companies

Recent years have seen several takeover attempts of companies listed on the Tel Aviv Stock Exchange. Already in early 2022 was there a control struggle over Norstar Holdings Inc. As an expert lawyer in the field of corporate takeovers, Micky Barnea was interviewed by TheMarker for an article on the subject. In the interview, Micky explained that “control takeovers begin with a combination of two things: an analysis to identify the business potential and a legal analysis that clarifies which steps are required to acquire control.”

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February 2, 2022

Does High-Tech Success Have a Price?

Kan 11’s leading podcast “Hayot Kiss” featured an episode on how the success of the Israeli high-tech industry affects other industries in the country. As the managing partner of a law firm that works closely with the high-tech industry, Micky Barnea was interviewed on the podcast about the effects of the high-tech boom on the legal industry.

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January 30, 2022

Representing Owners of Luxury Tel Aviv Property in Lawsuit Filed against Them

Israeli basketball player Yoni Nir has filed a lawsuit against three women who own a property in the upscale Nahalat Yitzhak neighborhood in Tel Aviv. The lawsuit alleges the women refused to abide by a "binding sale agreement" signed between them for the sale of the property in the amount of NIS 4.9 million together with renovation costs. Our firm’s Daphna Klein and Shahar Poller Atzil are representing the defendants in the case.

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January 30, 2022

Representing BlueVine in Investment Round in Bizi

Itay Gura and Inbar Katzir represented BlueVine, a fintech company operating in the US that provides a banking platform for small and medium-sized businesses, in its first investment in an Israeli company. BlueVine led the USD 7.5 million investment in Bizi and will also grant Bizi a license for its platform to provide services in Israel.

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January 27, 2022

NSO Affair and Supreme Court OK for Search of Netanyahu’s Aides’ Phones – Op-Ed by Shir Rozenzweig

Two recent major cases have involved privacy matters. One is the Israel Police’s alleged use of NSO’s Pegasus software to hack into civilians’ phones. The other is a Supreme Court verdict allowing police to search the phones of former Prime Minister Benjamin Netanyahu’s aides. With these cases in the headlines, N12 has published an op-ed by Shir Rozenzweig discussing our right to privacy of the information found on our smartphones and computers.

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January 26, 2022

Amichai Cohen Guest Stars on BDO Podcast – Bermuda Triangle: Israel, US, and China

Prof. Amichai Cohen, our firm’s special counsel on international law, discussed the complicated relationship between Israel, China, and the United States as pertains to law, finance, and business.

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January 25, 2022

Dr. Avishay Klein Lectures on Privacy to Compliance Officer Training Course

Dr. Avishay Klein, who leads our firm’s privacy and data protection practice, gave a lecture to future compliance officers on privacy protection risks and the GDPR.

January 24, 2022

Crowdfunding for Startups

In 2020, these offering coordinators raised a total of ILS 60 million, in more than 35 campaigns by various private companies. Compared to 2019, when about ILS 45 million was raised through offering coordinators, this is an increase of about 33%. There is an expectation the data for 2021 will show a further increase.

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January 23, 2022

Israeli Privacy Protection Authority Adapts Privacy Protection Laws

The draft bill is an important step toward achieving the objectives set by the Privacy Protection Authority and the government to increase privacy protection.

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January 20, 2022

Netta Bromberg Clarifies Obligation to Notify Employer of Pregnancy

In an interview with Globes, Netta Bromberg, a partner and the head of our firm's Employment Department, dispels some myths about an employer's obligation to notify her employer about her pregnancy.

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January 20, 2022

Cyber Events in Public Companies

Hagit Ross, a partner in our firm, lectured today at the annual convention of the Israeli Association of Publicly Traded Companies on the required preparations public companies must make in the face of cyberattack threats.

January 20, 2022

Legal Tools Workshop for Entrepreneurs in EdTech Program

Our firm represents EdTech Israel, a project to promote technological innovation in the fields of education and learning. In a meeting held today, Itay Gura and Yuval Lazi lectured to the venture's participants on founders’ agreements, intellectual property, and financing agreements, respectively.

January 19, 2022

Senior Israeli Lawyers Discuss Changes in the Legal Market

High-quality lawyers have become a particularly sought after commodity, and law firms are adapting themselves to the new market. In an interview with Globes, Micky Barnea, our firm's managing partner, discusses the advantage large firms have in preparing for change.

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January 18, 2022

Right to Privacy when Issuing Search Warrants of Computers and Cellular Devices

In an expanded panel of nine justices, Israeli Supreme Court prescribed a set of rules concerning procedures and judicial discretion on the granting of search warrants of computers and cellular devices as part of an investigation.

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January 18, 2022

Israeli Competition Authority Taking Strict Position toward Vertical Price Maintenance Arrangements

A few days ago, the Israeli Competition Authority published for public comments draft public statement 1/22, presenting its position on vertical price maintenance arrangements. The final public statement 1/22 will replace the Competition Authority’s previous statement 2/17 published in 2018.

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January 18, 2022

Expansion of Permit for Employees to Work Overtime

Omicron is taking control of the labor market in Israel. Many employees are stuck at home in quarantine (or are ill). At the same time, there is still plenty of work. As a result, and in order to enable the Israeli economy to contend with the drastic drop in the number of available employees in the labor market, the government issued a new special permit on January 16, 2022, extending permitted overtime hours

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