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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.
October 27, 2021
Representation in Defamation Lawsuit against Channel 13 and Guy Lerer
We are representing the singer Eyal Golan in a NIS 1 million defamation lawsuit against Channel 13 and journalist Guy Lerer, the host of TV program Hazinor, following an investigative article that dealt with the marketing of agricultural land by a company owned by Golan. Adv. Dror Arad-Ayalon and Adv. Shir Rozenzweig are providing representation in the matter. They argued in the statement of claim that Golan's company is not connected to the allegations presented in the article and that Golan and his company are not involved in the marketing process whatsoever.
October 26, 2021
Easing of Conditions for Amutot and PBCs to Engage with Israeli State Institutions
Up until today, pursuant to an Israeli government resolution dating back to 2001, NPOs (such as Amutot and public-benefit companies) that did not possess a certificate of proper management could not engage with government entities.
A certificate of proper management is a certificate issued to Amutot and PBCs by the Registrar of Amutot and Endowments after receiving an organization’s annual report (in conformity with the statutory requirements and the registrar’s instructions). It is valid for one year (or for two years, for Amutot and PBCs that fulfill particular criteria).
October 25, 2021
Bar-Ilan University Law and Environment Club: Ethical Consumerism and Sustainable Fashion
As part of the inaugural event of Bar-Ilan University’s Law and Environment Club, firm partner Sagi Gross will deliver opening remarks on the importance of law and the environment. His speech will touch on developments and changes in recent years.
October 24, 2021
2021 Snapshot: The Impact of Covid-19 on the Israeli Economy
The advent of COVID-19 has brought a challenge to the stability of the economy of every country in the world. Fortunately, and unlike the situation in many countries, Israel’s economy grew by 15.4% on an annualized basis in the second quarter of 2021, and by 5.3% in entire first half of the year. The second quarter, of course, brought the bulk of the growth, exceeding that of Belgium, Canada, and the US among others.
October 20, 2021
Double the Trouble: What Happens When a Class Action Lawsuit tries to "Piggyback" off Another?
Many class action proceedings end in settlement. The settlement agreement is designed, inter alia, to facilitate an efficient and fair resolution to the proceeding, in a manner that also provides certainty to the parties. Essentially, it "takes on the risk" for all parties involved—the class action plaintiffs and their legal representation, the class, and the defendants. Settlement certification by the court constitutes res judicata, and ensures the preclusion of repeated claims regarding the subject of the settlement.
October 17, 2021
Interview with Micky Barnea: Kibbutz Industry Closes Two Years of Successful Exits
In the last six months, the kibbutz industry has signed ten significant deals for hundreds of millions of dollars. How and when did the kibbutz industry become so attractive? What happened in the last decade that caused this explosion in the kibbutz industry and is this a temporary phenomenon? A Globes article on the subject features interviews with several experts in the field, including Micky Barnea.
October 14, 2021
Netta Bromberg Attends Dun’s 100 Labor Law Forum
The Dun’s 100 forum for legal experts in the field of labor law convened yesterday to discuss issues on the professional agenda, including sexual harassment, the medical interns’ protest, and the war on high-tech workers.
Firm partner Netta Bromberg, the head of our Employment Department, took part in the forum alongside other senior attorneys in the industry.
October 14, 2021
Representing ISI in a Petition Against the Israeli Ministry of Health
We represented Israel Scientific Instruments Ltd. (ISI) in a petition filed with the Jerusalem District Court against the Ministry of Health and others, claiming that the tender for the purchase of coronavirus tests managed by the Ministry of Health was conducted unequally while giving an unfair advantage to ISI's competitors.
Eran Winner, Ido Vakshi and Gaya Tsarfati, represented ISI in the petition. They petitioned the court with an order to cancel the tender and publish a new one.
October 11, 2021
World’s Most Important Financial Institutions Seek Involvement in Crypto Field
While Israel’s banks are in no hurry to accept the blockchain industry and are avidly trying to keep their distance from cryptocurrencies, this is not the case elsewhere.
Recently, the major global securities, derivatives and financial trade associations sent a joint letter to the Bank for International Settlements (BIS), which develops banking supervision standards and criteria, to adopt regulation that will enable their involvement in the crypto asset sector.
October 10, 2021
Representing Reef Technology in Acquisition of Israeli Startup Bond
We advised Reef Technology, one of the largest operators of mobility, logistics hubs, and neighborhood kitchens in the United States, on its acquisition of the Israeli logistics startup Bond, which was initially founded as Shookit, a direct-to-consumer grocery startup that delivered fresh produce to clients in the city within hours. The deal was led by Advs. Michael Barnea, Ariella Dreyfuss, and Tal Freilich. Netta Bromberg advised on the employment side. Harel Perlmutter and Hanna Daher advised on the tax side. Anat Even-Chen advised on data privacy and security and other regulatory matters.
October 7, 2021
Representing GAP Inc. in Acquisition of Israeli Startup
Our firm advised the fashion giant GAP in its first significant acquisition of an Israeli technology startup. As part of the acquisition, CB4’s team will join Gap as full-time employees. Advs. Simon Jaffa and Ariella Dreyfuss represented the US clothing and accessories retailer. Advs. Netta Bromberg and Jacki Silbermann advised on the employment matters arising from the deal.
October 5, 2021
“Pandora Papers” Scandal: N12 Interview with Harel Perlmutter
The “Pandora Papers” scandal, revealed yesterday, shines a spotlight on the world of tax havens.
Firm partner and Tax Department head Harel Perlmutter addresses the issue in an interview with N12.
October 4, 2021
Everything You Need to Know about Israel’s Green Pass for Employees
Updated regulations for the implementation of the Green Pass in Israeli workplaces will come into effect on October 5, 2021. Following are some of the main guidelines of the regulations.
October 4, 2021
Representing Azrieli Group in NIS 1.31 Billion Acquisition of Mall Hayam
Our firm represented Azrieli Group, the largest income-producing real estate company in Israel, in the acquisition of Mall Hayam for NIS 1.31 billion.
Firm partners Terry Almozlino Arnon, Ilan Blumenfeld, and Alon Wolner represented Azrieli in the transaction.
September 30, 2021
Op-Ed: Knesset Debate on Establishment of Regulatory Authority
Dr. Zvi Gabbay, the head of our Capital Market and Financial Regulation Department, has an op-ed in Globes on the current Knesset debate over the establishment of a new regulatory authority.
September 29, 2021
ESG: The New Must-Have in the Due Diligence Process
An assessment of environmental, social, and governance (ESG) factors has become an integral part of the due diligence review of companies. Such assessment may provide a potential acquirer with a detailed analysis of a company’s ability to operate successfully in a corporate world with growing environmental awareness. This is especially important for companies looking at merger and acquisition targets and seeking new investments. It is also important for any company for its future planning.
September 29, 2021
Representing Niio in Strategic Partnership and Financing Agreement with Samsung
Our office has served as legal counsel for Niio, a unique digital art platform, since its establishment. The startup recently completed a USD 15 million fundraising round. Firm partners Simon Jaffa and Ariella Dreyfuss also represented Niio in a strategic partnership and financing agreement with Samsung Display, which will exhibit on hundreds of its frames the digital artwork Niio offers.
September 23, 2021
Representing RSBG in USD 140 Million Sale of Cybersecurity Company’s Shares to LG
Barnea represented RSBG Ventures GmbH in the USD 140 million sale of its shares in the Israeli cybersecurity company Cybellum Technologies Ltd., as part an acquisition of a majority stake (65%) in the company by LG Electronics Inc. Firm partners Simon Jaffa and Ariella Dreyfuss led RSBG’s role in the transaction.