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March 31, 2024
Pinui-Binui: Court Rules in Favor of Recalcitrant Tenants in Pinui-Binui Project
In an exceptional step, an Israeli court dismissed a claim filed by 243 residents against a couple in its 70s who refused to sign an agreement for a pinui-binui project. Part of the court’s rationale had to do with the couple’s age. Alon Wolner, a partner in our Real Estate Department, was interviewed by Globes about the case. Alon noted, “The court sided with the couple opposed to the project, even though they do not meet the law’s definition, and should not technically receive an elderly persons designation. The ruling thus provides an escape route, by allowing the couple to receive this designation, and enabling the project to proceed.”
March 27, 2024
Israel Freezes Convalescence Pay Rate
The purpose of reducing convalescence days and freezing the pay rate in 2024 is to budget benefits for reservists.
March 26, 2024
GDPR – Company Fined for Improper Data Collection
The French Data Protection Authority (CNIL) fined a corporation for violation of the GDPR due to flaws in its personal data collection and user consent practices, even though the data was collected by a third party.
March 26, 2024
International Inheritance Tax Planning: Harel Perlmutter Interview on “Disputes Program”
Harel Perlmutter, head of our firm’s Tax Department, was interviewed by Yigal Borochovsky and Rachel Shahar for 102FM’s “Disputes Program.” He explained the procedures and necessary reporting when receiving an inheritance from outside of Israel.
March 24, 2024
Supreme Court: Service to Foreign Residents May Be Subject to Full VAT
The Supreme Court noted that, by its nature, the essence of a brokerage transaction is joining two parties into one transaction. Therefore, treating the transaction as providing a service to each party separately—a foreign resident and an Israeli resident—does not reflect the true economic essence of the service.
March 21, 2024
Swords of Iron War: Flexible Workdays Wartime Relief
A recently signed general permit makes it easier for employees to make up for missed work hours due to constraints deriving from the absence of their spouses or the other parent of their children as a result of the state of emergency in Israel.
March 21, 2024
Fatphobia: Workplace Discrimination Lawsuits in Israel
The Israeli National Labor Court reversed the Regional Labor Court’s ruling and ruled that the demotion of a football referee to a lower league derived from irrelevant considerations of weight and appearance.
March 20, 2024
Israel Raises Minimum Wage
According to the update, which will take effect on April 1, 2024, the minimum wage for a full-time job will be ILS 5,880.02. The increase will also be reflected in the sums of social contributions to provident and severance pay funds, vacation pay, overtime pay, and sick pay.
March 19, 2024
New Method Threatening the Rule of Managers in the Stock Market
As an expert on control struggles, Micky Barnea was interviewed by Globes for an article on the Amir brothers' takeover of Shufersal. Micky explained the significance of holding less than 25 percent of a company and the tools available to the Israel Securities Authority in such transactions.
March 19, 2024
Swords of Iron War: Extension Order on Reservists' Rights
The provisions of the collective bargaining agreement came into effect upon the promulgation of the extension order. These provisions include directives regarding employee dismissals, rights of spouses of reservists, and more.
March 18, 2024
Changes in the Data Security and Cyber Market – Dr. Avishay Klein Interview with Globes
Dr. Avishay Klein, the head of our firm’s Privacy, Data Protection and Cyber Department, was interviewed by Globes and spoke about companies’ difficulties in managing cyber risks under the current circumstances.
March 18, 2024
Swords of Iron War: Payment of Wages to Absent Employees
An extension order applies the provisions of the collective bargaining agreement and regulates the payment of wages to employees who were unable to report to work due to the Swords of Iron War.
March 14, 2024
DSA: New European Digital Services Act for Online User Protection
Companies which distribute content online have been subject to the European Union’s Digital Services Act (DSA) since February 2024, which obligates them to protect their users from offensive and illegal content, enable users to report such content, etc. The DSA applies to any company whose content is accessible to European audience, regardless of its country of incorporation or the identity of its owners.
March 13, 2024
Europe: AI Act to Supervise the Development of AI Technologies
The AI Act applies, similar to other European legislation, to companies not based in the European Union but have activity in the Union. Therefore, it may also affect Israeli companies offering services in Europe.
March 13, 2024
Terry Almozlino Arnon Attends Dun’s 100 Real Estate Forum
Terry Almozlino Arnon attended the Dun’s 100 forum for senior legal professionals in the real estate field. She noted, "Real estate is a main artery in the economy and there is no area it does not touch. A real estate slowdown simulates a clogging of the arteries, and just as the body cannot survive long in such a state, neither can the economy." To continue reading, click here.
March 12, 2024
Supreme Court Issues Important Ruling on Shareholder Disputes
Zohar Lande, Eran Winner, Lina Makhuli, and Chen Segal from our Litigation Department represented Panda, a private company embroiled in a shareholder dispute that caused a deadlock within its decision-making bodies. The dispute reached the Supreme Court, which issued an important and precedential ruling. The Court accepted the company’s position and outlined the proper manner for managing and resolving shareholder disputes, as well as rules of thumb for dealing with deadlocks in private companies. These included the option to classify a director in a private company as having a "negative personal interest" and even the possibility of not bringing a transaction for approval before the board’s general meeting.
March 11, 2024
Informal Agreements or a Binding Contract?
A new Israeli Supreme Court ruling redraws the boundaries for recognizing agreements and signals that informal agreements may also be legally binding.
March 11, 2024
Israel Innovation Authority: New Startup Fund “Boost for High-Tech”
The Israeli Innovation Authority hopes to encourage the growth of start-up companies with innovative technologies through the launch of new start-up funds, which will invest in Pre-Seed, Seed and Round A rounds.
March 7, 2024
Regulation of Payment Services in Israel – Latest Developments
The Israel Securities Authority’s publications in recent months do not reflect the final version of the directives, but indicate the ISA’s approach when regulating payment services: setting out the licensing process and the licensing requirements, defining criteria for exemptions, technological requirements, safeguarding and protecting customers’ funds, examining service providers’ integrity, etc.
March 7, 2024
Barnea: Representing Gencell in NIS 16 Million Lawsuit
Gal Livshits, Yatir Madar, and Liron Dahan from our firm’s Litigation Department are representing Gencell in a NIS 16 million lawsuit against the car importer EV Motors as well as Holon Motors. The suit alleges the defendants owe Gencell NIS 4.5 million for systems and equipment they purchased but did not pay for.