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Latest Updates / Startups
June 30, 2020
New and Important COVID-19 Guidelines for the Israeli Labor Market
The State of Israel continues to cope with the COVID-19 crisis and its implications for the workforce. In recent days, new and important guidelines were updated for the Israeli workforce’s handling of the coronavirus crisis
June 28, 2020
Down Round Fundraising – Not At Any Valuation
A recent decision by the Economic Division of the Tel-Aviv District Court has emphasized the requirement for officers and decision makers in a company, to undertake a stricter review standard when making decisions, especially in conflict of interest situations. Accordingly companies must now increase the scrutiny on the decision making of directors in private companies, an important decision in light of the current economic climate.
June 24, 2020
New Capital Raising Channels to Be Made Available on the Tel Aviv Stock Exchange
The Israel Securities Authority has approved expanding the trading activity conducted on the trading platform for institutional investors of the Tel Aviv Stock Exchange (referred to as TACT), so that additional types of securities may be issued and traded on it.
June 24, 2020
How Trump's Work Visa Freeze Will Affect Israeli High-Tech
US President Donald Trump suspended on Monday the entry of certain foreign workers until the end of the year. Adv. Netta Bromberg, the head of our employment team, was interviewed by Calcalist about this latest development. She commented: "This decision is a long-term violation of the globalization process as we have known it in recent decades. Israeli startups looking to expand in the US will need to search for local workers and to recalculate what their business models should be.”
June 23, 2020
Companies' Collection of Personal Data – an Interview with Anat Even-Chen
Globes has published a comprehensive article on technology solutions relating to the relationship between property lenders and tenants. Anat was interviewed as part of the article about the privacy of such platforms' users. Anat cited Airbnb's case as an example. The company finally agreed, after years of discussions, to hand over host data to New York City. Anat stressed that private individuals should be aware that their information can be collected and that data collection is much easier now than ever before.
June 22, 2020
Barnea Represented Cyberx Shareholder in Microsoft Acquisition
We represented Inven Capital, a Czech-based VC fund and a shareholder in Cyberx Israel, an Israeli IoT ICS cybersecurity startup, in Cyberx's sale to Microsoft for USD 165 million. CyberX has gained tremendous customer growth, with a number of leading companies using its IoT security platform to protect their web facilities. Cyberx has raised about USD 48 million since its inception in 2013. This is Microsoft’s eighth acquisition in Israel in the last decade.
June 21, 2020
Crowdfunding Regulation in Israel
In a short video, Dr. Zvi Gabbay explains the crowdfunding model, which has become an attractive channel for both investors and companies seeking funding, and overviews current regulation in Israel.
June 21, 2020
Israel Takes US Approach in Enabling Affordable Fast Track to Register Provisional Patents
A new, welcome initiative by the Israel Patent Office intends to allow entrepreneurs, through a preliminary and fast-tracked process, to submit an application for the provisional registration of a patent. This is a significant step, which could revolutionize entrepreneurial innovation in Israel and make it easier on many Israelis who wish to protect future patents. In the course of the fast-track process, the application is not considered for a year, and applicants are able to set an early submission date for the patent's registration.
June 17, 2020
Adjustments to Required Disclosures in Reports in Light of the Coronavirus
Several weeks ago, the Israel Securities Authority published a staff position paper on the consequences of the coronavirus crisis for the disclosure and financial reporting included in the 2020 first quarter report.
June 17, 2020
HR Considerations When a Foreign Company Wishes to Work in Japan
Adv. Netta Bromberg, the head of our Employment Department, will be a panelist on a webinar about HR considerations for employing workers in Japan. The webinar will be held by the Israel-Japan Chamber of Commerce together with GoGlobal Ltd. It is geared for Israeli companies considering opening activity in Japan or that have already done so and are considering relocating Israeli employees to the Japanese branch.
June 14, 2020
Israel and the US: Encouraging Corporations to Investigate Potential Misconduct on Their Own
Columbia Law School's Blue Sky blog published an article co-written by Hadar Israeli and Eran Elharar of Barnea and Joseph Facciponti and James Goldfarb of the New York law firm Murphy McGonigle. The article provides a comparative view of Israel and the US on corporate internal investigations.
June 14, 2020
All the Tax Considerations Returning Residents Need to Know
Adv. Harel Perlmutter will lecture on a webinar held by Toshav Chozer NPO. The webinar is focused on the tax considerations returning residents to Israel should be familiar with. The decision to return to Israel, normally a very complicated one, has taken on new meaning with the impact of the coronavirus. Harel will discuss all tax rights.
June 9, 2020
Facing A Criminal Investigation? Why It's Important to Consult an Attorney Beforehand
Facing Criminal Investigation? Why It Is Important to Consult an Attorney Beforehand
June 8, 2020
CardiacSense Signs USD 32M Deal to Sell Watches in India
Our firm serves as counsel for Cardiac Sense, a startup that developed a medical watch for remote patient vital signs monitoring and detection of fever and chronic diseases. We represent the startup in all legal matters. Recently, we assisted the company in an over USD 30 million agreement to supply medical watches for use in hospitals in India.
June 7, 2020
Advising on an Administrative Appeal to Cancel Land Grant
Last April, the Maxima company, controlled by billionaire George Horesh, received a 34-acre plot in Ashdod from the Israel Land Authority, without there being a tender process.
Three private landowners holding factories near this area petitioned via our office for the Land Authority's decision to allocate the plot without a tender be cancelled. Zohar Lande, Gal Livshits, and Adi Shoham represented the clients.
June 3, 2020
Israel's Infrastructure Boom
Israel is undertaking a massive transformation to modernize its infrastructure, with a series of projects in transport, energy, and defense. British magazine The Lawyer interviewed Shai Avnieli, an expert in the infrastructure area, on the subject. In his comments, Shai noted that providing legal advice for complex projects is not something just any lawyer can do. "This practice area is not some buzzword that lawyers can quickly adapt to and it is certainly impossible to quickly become adept in this field," he stressed.
June 2, 2020
Israel: Preparing Your Workplace for a Return to Normal
More will be told of the COVID-19 crisis and the changes it brought to Israeli labor relations. In the meantime, we have gathered brief guidelines on a return to normal:
May 27, 2020
Every Crisis Is an Opportunity – Webinar
On June 2, we will host a webinar together with the ACC. Dr. Zvi Gabbay will discuss the opportunity to upgrade the role of compliance officer in light of the coronavirus crisis. The webinar is geared for compliance officers and legal counsels.
May 24, 2020
An Opportunity for Regulators
The Israel Securities Authority's current enforcement policy forces officers and companies that have acted in good faith to prove as much in an administrative enforcement proceeding. Check out an opinion article by Dr. Zvi Gabbay and Shir Rozenzweig published in TheMarker about how regulators can adjust this policy.
May 24, 2020
Unpaid Leave: Rights of Employees Fired after Being Put on Unpaid Leave
A little over two months ago, at the start of the coronavirus crisis, a million Israelis were put on unpaid leave. With companies returning to normal under new restrictions, Maariv interviewed Netta Bromberg for a special guide to understand the rights of employees and the duties of employers.