Latest Updates

December 27, 2017

French Culinary Brand Fauchon Brought to Court

Roni Lish, the minority shareholder in the franchise company of the French culinary brand Fauchon, is suing his partner in the franchise. Roni claims his partner acted to reduce the value of the company in order to control it and to remove him from the company. Roni Lish is represented by Advs. Zohar Lande and Gilli Cohen-Arazi of our firm's Litigation Department.

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December 26, 2017

Yuval Lazi Lecturing at TAU Student Union Entrepreneurship Program

Yuval Lazi, a partner in our Technology Department, will lecture today to the participants of the Tel Aviv University Student Union's Elite Entrepreneurship Program on shareholder agreements and startups' Cinderella stories.

December 26, 2017

Fierce Battle over Banning Binary Options Reaches High Court of Justice

Following a bill promoted by the Israel Securities Authority, and passed by the Knesset, outlawing binary options trading by Israeli companies, Yukom Communications LTD and its controlling shareholder, Yossi Herzog, filed a petition to the High Court of Justice. Overseeing the filing of the petition were Barnea attorneys Zohar Lande, Eyal Nachshon, and Moran Bickel.

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December 26, 2017

High Court of Justice Suspends Re-Examination of RGE's Proposal for Knesset Channel Tender

The High Court of Justice ruled in a temporary order that the Cable and Satellite Broadcasting Council should explain why it did not announce RGE as the winner of the tender for the operation of the Knesset Channel, following the disqualification of Channel 20's offer. RGE is represented by Advs. Zohar Lande, Ronen Reingold, Adi Shoham, and Itay Hatam of our firm's Litigation Department.

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December 26, 2017

Micky Barnea Interviewed by Globes on Israel's Capital Market

Adv. Micky Barnea, our firm's managing partner, was interviewed by Globes on the major events that have taken place in Israel's capital market in the past year: the re-emergence of initial public offerings on the Tel Aviv Stock Exchange, the Bezeq affair, and ICOs.

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December 24, 2017

Sports Tech - When Sports Join Up with Technological Innovation

In recent years, tremendous progress has been made in introducing know-how and technology into sports despite this being a conservative world concerned that the introduction of new powers might compromise the ethos of sportsmanship.

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December 21, 2017

Article: Is Israeli Regulators’ Approach toward ICOs Ill-Advised?

Dr. Zvi Gabbay, Head of our Capital Markets Department, has published an article in Financial Magnates. It discusses the Israel Securities Authority's approach to Initial Coin Offerings (ICO) and cryptocurrencies and how this approach compares to other jurisdictions.

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December 19, 2017

Changes in the Taxation of Sales of Residential Apartments

A number of changes in the taxation of residential apartment sales will come into effect on January 2018.

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December 18, 2017

Telemarketing Restrictions

An interview following the Ministry of Economy and Industry's recently published draft bill placing restrictions on telemarketing.

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December 15, 2017

Israel Arrests Two for Tax Evasion Linked to Panama Papers Leak

Following the Panama Papers leak, Israeli authorities have arrested two Israelis on suspicion of evading millions of shekels in tax payments by using companies registered in offshore tax havens. Harel Perlmutter, a partner and head of Barnea's Tax Department, commented to Bloomberg BNA that even though many Israelis were named in the leaked documents, most of them appear to have been using the offshore havens for reasons other than tax evasion.

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December 13, 2017

Israel Securities Authority Blows Up the Bitcoin Bubble

Dr. Zvi Gabbay, head of our firm's Capital Markets Department, gave several media interviews (in Heb) following the Israel Securities Authority Chairman's remarks that companies whose values are based on bitcoin will not be included in the Tel Aviv Stock Exchange's (TASE) indices until a suitable regulatory framework is established. Zvi noted it is important to distinguish between the inclusion of companies engaged in trading and investing in virtual currencies on TASE's indices and the possibility that such companies will actually be traded on TASE.

Financial radio program (starting min' 05:15)

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December 13, 2017

Lawsuit Filed against Founder of Digital CoinDash

Our firm represented Guy Aharonovski in a lawsuit against his former partner in CoinDash, a platform for managing investments in cryptographic currencies. Aharonovski is claiming his former partner disqualified him from his share in the company, founded Queen-Dash behind his back, and issued tokens called CDT that enabled the use of the platform provided by the company.

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December 11, 2017

Accessibility of Websites and Applications

Adv. Anat Even-Chen lectures on the accessibility of online services. She discusses for whom the regulations apply, the guidelines and what is required to be accessible, who is liable legally, the sanctions prescribed in the regulations, and the most important ones to implement.

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December 11, 2017

Substantial Fee to Be Charged for Filing a Motion to Certify a Class Action

At the end of November 2017, the Constitution, Law and Justice Committee of the Knesset approved a revised draft bill to amend the Courts Regulations (Fees), whereby parties filing a motion to certify an action as a class action will be charged a court fee.

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December 11, 2017

Barnea & Co. Represented EXO Technologies in Acquisition by Lear

Barnea represented Israeli startup EXO Technologies, a developer of GPS technology for autonomous and connected vehicle applications, in its acquisition by the American corporation Lear.

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December 11, 2017

Adv. Yuval Lazi will lecture at Startau Elite Entrepreneurship Course

Adv. Yuval Lazi, Partner at the Technology Department at Barnea Co., will lecture today on the topic of founders agreements and capital raising at ' Elite Entrepreneurship' - the Entrepreneurship Course of Startau, Tel Aviv University Entrepreneurship Center.

December 6, 2017

Ministry of Finance Ends Horse Racing, Adv. Zohar Lande Represented GBI Racing

The Ministry of Finance has decided to discontinue horse racing in Israel starting on January 1, 2018. Adv. Zohar Lande, the head of our firm's Litigation Department, represented GBI Racing, the British company that provides betting services to Toto, in negotiations with the Ministry of Finance.

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December 4, 2017

Israel Weighing Tax-policy Options After U.S. Senate Approves Dramatic Tax Cuts

Micky Barnea was interviewed by TheMarker regarding the effects on Israeli corporate tax following the U.S. Senate's approval of tax cuts that would lower the corporate rate to 20% from 35%, a move that has left Israel’s headline rate three percentage points higher.

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December 3, 2017

Delegation of Israeli Investors in Serbia

Adv. Yuval Lazi, a partner in our firm's Technology Department, is taking part in a special delegation of Israeli investors. The investors are traveling to Belgrade, Serbia for the first time to become acquainted with the Serbian startup ecosystem.

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November 30, 2017

Glossary for Beginners in the World of Digital Currency

Do you keep hearing people talk about blockchain, bitcoins, and ICOs with no idea what they mean? Here’s a short glossary to help you understand what the fuss is all about.

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