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July 25, 2018

Approved Draft Bill Amends Planning and Building Law – Exemption from Land Betterment Tax

In July 2018, the Israeli Knesset approved a draft bill in a second and third reading that addresses the obligation of apartment owners seeking to sell a property as a result of a general outline plan to pay land betterment tax.

July 25, 2018

Launch of Electricity Authority Reform

At the end of last week, the Israeli Knesset approved a historic reform to the electricity sector. The selling process of the first power plant, Alon Tavor, is expected to begin within a few months.

July 23, 2018

Competition in the Communications Market and Preventing Margin Squeeze

Recently, the Ministry of Communications ordered Bezeq to begin implementing a “wholesale market” and selling its competitors access to telephony infrastructure at a regulated price. The objective of this directive is to expand competition in the fixed-line telephone market and to establish a separation between the infrastructure market and the communications services being purchased by consumers.

July 19, 2018

Supreme Court Ruling: RGE Group to Operate Knesset Channel

The Supreme Court issued a ruling today rejecting the petitions of News 2 and Channel 20 against the decision to announce RGE as the winner of the Knesset channel tender. This paves the way for the operation of the Knesset channel by RGE as early as August 1, 2018. RGE was represented by Advs. Zohar Lande, Adi Shoham, Eyal Nachshon, and Omer Keydar of our firm's Litigation Department.

July 17, 2018

Approved by the SEC – Security Tokens Exchange in the US

Coinbase, one of the leading cryptocurrency exchanges in the US, received approval from the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list for trading digital currencies considered to be securities (security tokens). Coinbase has thus become the first US federally-regulated platform for trading security tokens.

July 15, 2018

Lecture on Legal Aspects of Offshore Process for Israeli Companies

We lectured today on the legal aspects of the offshore process for Israeli companies at a meetup of the Israeli Society for Human Resource Management.

July 12, 2018

2018 Opportunities in the Israeli Market

Despite the many internal and external challenges unique to Israel, the country has successfully transformed itself into a powerhouse of technological innovation. Israel has become an excellent destination for international business, boasting a strong local currency, an active local economy, and robust export industries. 

July 10, 2018

Updates on Consumer Protection Laws

Several new consumer protection updates: the obligation to disclose post-sale delivery and service policies, the expansion of provisions regarding the scheduling of providing services at consumers’ homes, and relief in the obligation to mark apparel products.

July 10, 2018

Memorandum on the Cyber Defense and National Cyber Directorate Law

The Israeli Prime Minister's Office published a memorandum on the proposed Cyber Defense and National Cyber Directorate Law. This law is designed to regulate the National Cyber Directorate’s purpose, functions, and powers.

July 5, 2018

Israel Supreme Court Precedent Allows Social Network Users to Sue in Israel

Israel's Supreme Court has handed down a precedent ruling whereby a legal dispute between a social network and its Israeli users will be adjudicated in the court in Israel, notwithstanding the fact that the social network's terms of use contain a jurisdiction stipulation vesting sole jurisdiction to the court in California.

July 5, 2018

Significant News for Third-Sector Organizations (NPOs) - Direct Saving of Millions Following a Dramatic Reduction in the Regulatory and Bureaucratic Burden

Recently, after a considerable number of meetings and discussions were held between representatives of third-sector organizations and representatives of a number of authorities, led by the Prime Minister’s Office, the inter-ministerial committee tasked with easing the regulatory burden on Amutot and PBCs published a report of its conclusions.

July 5, 2018

Workshop on Managing Israeli Subsidiaries of Multinational Corporations

Barnea hosted today, together with the Ministry of Economy, a workshop on the corporate and labor laws relevant to officers of Israeli subsidiaries of multinational companies.

July 4, 2018

Barnea to Provide Legal Mentoring to The Xcelerator

Barnea will advise and mentor the new accelerator program created by the Israel Security Agency and Tel Aviv University’s TAU Ventures.

July 1, 2018

Asset-Backed Digital Currencies: Advantages and Challenges

The race to develop a new, unique and reliable digital currency with low volatility has prompted entrepreneurs to scale the link of blockchain technology and mainstream investments, thus creating a new wave of cryptocurrencies backed by commodities or assets.

June 25, 2018

The Role of GDPR in the World of Digital Advertising and Marketing

Our Head of the Internet Department lectured today on the new GDPR privacy regulation. He addressed digital, marketing, and information systems VPs who are members of the CDO Club.

June 24, 2018

Consensual Relationships: What Is the Law's Take on Romantic Relationships between Managers and Employees?

Adv. Lee Alter Kizis of the Employment Department published an article on the Mako website about consensual personal relationships in the workplace.

June 21, 2018

PropTech – Transformation of the Real Estate Market

Major, long-established players in the real estate market have joined forces with young companies and entrepreneurs with the objective of resolving the many challenges inherent in the field of real estate transactions.  

June 20, 2018

Lecture on the Regulatory Challenges of Fintech Companies

Dr. Zvi Gabbay, Head of our Capital Markets Department, lectured today to startups and VC's on the regulatory challenges faced by fintech companies.

June 18, 2018

Yuval Lazi Attends AlphaC Demo-Day Event

Adv. Yuval Lazi participated today in the AlphaC Demo-Day Event. AlphaC is the first Israeli IoT and OT security acceleration program of its kind. It was created by TAU Ventures in partnership with the NEC Corporation of America.

June 14, 2018

Lecture on Labor Law Issues of Hi-Tech Companies and Startups

Adv. Marie Tsion, Head of our Employment Department, lectured today, as part of a professional training course for HR professionals, on various labor law issues relating to hi-tech companies and startups.