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December 12, 2021
Representing Natoon Group in Sale Worth Over NIS 90 Million
Sagi Gross, Daniel Kleinman, and Izabel Pashayev represented Natoon Group and its shareholders in a sale of control of 70% of the group's holdings to Afcon Holdings, a public company. Natoon Group is engaged in asset management and operation services and the maintenance of fire safety systems.
December 12, 2021
To Tag or Not to Tag: Delta Wins Suit over Sharing Customer's Photo on Instagram
An Israeli magistrates' court recently discussed the issue of copyright infringement regarding the use of a tagged photo on Instagram. According to Adv. Gal Livshits, a firm partner interviewed by Israel Hayom on the subject, "Sharing a picture of others on social media is so common we do it often without even thinking, but we must be aware that sharing a piece of content (picture, text, etc.) has consequences."
December 5, 2021
Workplace: Maternity and Paternal Leave Rights in Israel
People have many questions about their rights to parental leave, especially with respect to their workplaces. What are your rights as parents of newborns? We have compiled some of the key answers to prevalent questions about mothers’ and fathers’ rights to parental leave.
December 5, 2021
Israeli Ministry of Environmental Protection: ILS 3 Million Sanction on Shufersal
The Israeli Ministry of Environmental Protection announced this week its imposition of a pecuniary sanction totaling about ILS 3 million on the leading supermarket chain Shufersal for violations of the Clean Air Law. (In particular, the company violated provisions mandating the reduction and prevention of air pollution from its vehicles).
December 5, 2021
Representing Mashov in Sale Transaction
Our firm represented Mashov, the developer of a school management app, in its sale to the Israeli company Priority. About one million parents and school students use the app on a daily basis to communicate with pedagogical teams. Mashov is a profitable company that employs 25 people.
December 1, 2021
ESG – Risks and Legal Responsibility – A Lecture by Dr. Zvi Gabbay
Since the COVID-19 outbreak and the exacerbation of the climate crisis, ESG factors have increasingly influenced the profit line of businesses. The ESG Management Program at the Coller School of Management at Tel Aviv University, which will open in March 2022, will bring the most important aspects of ESG to those whose activities have an impact on the investment chain: executives, directors, investors, analysts, and public sector personnel.
As part of the program, Dr. Zvi Gabbay will give a lecture entitled: "Risks and Legal Responsibility - How ESG Becomes a Significant Part of the Duties of an Organization's Officers and What Happens When Neglected."
November 28, 2021
For the First Time, Israel Competition Authority Enforces Prohibition on Excessive Pricing
For the first time, the Israel Competition Authority has opened enforcement proceedings against a monopolist for abuse of its dominant position by charging an unfairly high price. Subject to a hearing, the authority intends to impose a pecuniary sanction of ILS 8 million on MBI Pharma Ltd. and personal sanctions on two officers of the company (of about ILS 600,000 each). The company faces accusations of charging an excessive price for Leadiant, a life-saving drug for CTX patients (an incurable genetic disease), which is marketed by MBI Pharma in Israel.
November 25, 2021
Representing Mouro Capital in Investment in Vesttoo
We represented Mouro Capital in its USD 8 million equity investment in the Israeli tech insurance startup Vesttoo, as part of its role as the lead investor in the company's USD 16 million Series B round. Ariella Dreyfuss represented Mouro Capital in the deal.
November 22, 2021
Indictments Filed in Israel over Officers’ Responsibility for Ecological Disaster
About seven years ago, one of the worst ecological disasters in Israel’s history occurred. During work to divert an oil pipeline, one of the old pipelines belonging to the government company Eilat Ashkelon Pipeline Co. Ltd. (EAPC) ruptured near the Evrona Nature Reserve. As a result, about five million liters of crude oil poured from the pipeline into the nature reserve located in the Arava Valley.
November 18, 2021
Representing NickNack in Sale to Papaya Global
Yuval Lazi, Itay Gura, and Inbar Katzir represented the Israeli startup NickNack in its sale to Papaya Global Ltd., a private Israeli company that provides payroll and human resource management computing services to multinational corporations. NickNack is developing a platform that fosters team engagement and togetherness for organizations working remotely.
November 18, 2021
Internal Enforcement: Series of Webinars for Public Companies
Our firm, in collaboration with the Public Companies Forum of the Association of Corporate Counsel in Israel, has launched a series of webinars on internal enforcement. Among the lectures in the series, to be delivered by Dr. Zvi Gabbay, is "Prohibition on the Use of Insider Information, What an Internal Enforcement Plan Is, and How It Is Implemented in Organizations."
November 17, 2021
Everything to Know about the Purchase Tax Hike on Israeli Real Estate Investors
Earlier this month, the Israeli Ministry of Finance approved the outline for a hike to the purchase tax imposed on real estate investors, once again, to tax brackets of 8% and 10%. The Ministry of Finance has since updated that the purchase tax hike will take effect on Sunday, November 28. The ministry’s goal with this move is to “dissuade” investors from purchasing investment apartments and lower the demands in the residential housing market.
November 15, 2021
Extradition and Prosecution of Israelis by Foreign Courts
In recent weeks, numerous news articles have reported on the arrests of Israeli citizens resulting from foreign investigations conducted abroad. In one instance, more than 20 employees of a Tel Aviv based company engaging in forex investment marketing were arrested following an FBI investigation.
November 15, 2021
Interview on Workers' Rights in SPAC Issuances
Gett announced last week a USD 1.1 billion merger with an SPAC. This prompted unrest among former Gett employees who feared a dilution of their shares. We were interviewed by TheMarker about workers' rights during issuances and SPAC processes.
November 11, 2021
Representing Inomize in Transaction with Facebook (Meta)
We served as legal counsel for Inomize, an Israeli developer and manufacturer of electronic components, in its acquisition by Facebook. The acquisition is by way of acquiring the know-how and experience of Inomize’s employees. Adv. Ariella Dreyfuss led the deal. Advs. Netta Bromberg and Jacki Silbermann advised on the employment matters.
November 10, 2021
Representing Sephira in Sale of Shares to DL Software Group
Barnea represented the French and Israeli group of companies Sephira, a leader in software solutions for healthcare professionals, in the sale of its holdings to the DL Software Group, which was recently acquired by the American PE fund TA Associates.
The transaction was led by Samuel Henry Samuel, and Avihay Asulin. Netta Bromberg provided representation in all labor law matters, and Harel Perlmutter and Nir Ziman advised on all tax issues.
November 9, 2021
Much More than 66% – Must-Know Changes in the Urban Renewal Field
After years of expectations, the government has approved the legislative amendments needed to promote “Urban Renewal” projects in Israel. While everyone is talking about the amendment lowering the threshold of consent for apartment owners to 66%, a lot more has also changed. All of the amendments, both major and minor, are important.
November 3, 2021
Do You Own a Database? You’re Also Responsible for Actions Performed by Third Parties
The Black Shadow hacking group’s attack on Cyberserve, reported a few days ago, has resulted (at this point in time) in the leaking of a database with more than 800,000 records pertaining to various individuals and the exposure of additional databases. This attack raises important questions about the relations between database owners and the third parties with whom they engage to receive various services relating to business activities that incidentally involve their data.
October 31, 2021
Websites Roll Out November Deals – Tips for Safer Shopping Online
November brings with it a variety of online shopping deals and promotions. Before making a purchase, it is important to know which products are tax-exempt, which sites to buy from, and what warning lights should not be ignored. Adv. Karin Kashi, coordinator of our firm’s privacy practice, addresses the issue in an interview with Ynet.
October 28, 2021
How Can China’s New Privacy Protection Law Affect Your Business?
On November 1, 2021, the new Chinese Personal Information Protection Law (PIPL) will come into effect. This law is modeled after the well-known European General Data Protection Regulation (GDPR).
Like the GDPR, the PIPL will apply not only to Chinese organizations, but also to any organization processing the personal information of people located in China.
Therefore, any organization that collects data from China must comply with this new law or risk suffering the consequences.