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Latest Updates / International Sanctions

January 3, 2017

Local Planning and Building Committee Requirement of Deeds of Indemnity is Ruled Illegal

A Supreme Court judgment handed down in December by the Honorable Justice Yoram Danziger ruled that the demand by local planning and building committees that deeds of indemnity be signed is illegal (Bikel Flowers Ltd. vs. the Local Planning and Building Committee – Rishon Letsiyon).

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January 1, 2017

The Electricity Authority published the Guidelines for the next PV Plants’ Giant Projects in Israel

Further to the recent hearing held in October 2016 (see our clients update dated 01 December 2016), the Electricity Authority published on 19 December 2016, a decision detailing the main principles of the upcoming competitive process for the construction of Solar Power Plants in Israel, with a capacity of up to 1,000 MW.

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December 29, 2016

Innovations in the Israeli Partnerships Legislation

In order to improve the Israeli partnership market and in order to bridge the wide gap that exists between partnership laws in Israel and the partnership laws in other countries, in December 2016, the Ministry of Justice published a draft Memorandum of Law – Partnerships.

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December 28, 2016

Barnea represented Belectric Israel in the negotiations leading to the conclusion of an EPC and O&M Agreements in respect of the Ashalim PV solar power plant

Our Infrastructure Department represented Belectric Israel, which was selected to construct and operate a new 30Mwp PV solar power plant in Ashalim. Belectric Israel is an affiliate of Belectric GmbH from Germany, engaging in the development and promotion of photovoltaic (PV) solar systems world-wide.

December 28, 2016

Dr. Zvi Gabbay Participated in the Annual Dun's 100-Globes Capital Markets Forum

Dr. Zvi Gabbay, Head of the Capital Markets Securities Department at Barnea took part in the annual Dun's 100-Globes Capital Markets Forum, with the participation of industry executives, banking sector, leading investment houses and insurance groups.

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December 27, 2016

2016 Overview of Israel's Third Sector Regulation and 2017 Trends

2016 was characterized mainly by the completion of a number of processes and initiatives promoted in recent years, mainly relating to tax issues and the recognition of non-profit organizations as public institutions entitled to tax benefits for donations received.

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December 26, 2016

The Charges against Generic Drug Companies for Price Fixing: Teva is Exposed Twice and is Liable to have to Reach a Compromise in Both Suits

Dr. Zvi Gabbay, Head of Capital Markets and Securities Department at Barnea was interviewed by Globes, following law suits filed in the US accusing generic drug companies, including Teva Pharmaceutical Industries, of price fixing. Zvi commented that Teva is exposed to both a criminal indictment and a civil suit, and is liable to have to reach a compromise in both of them.

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December 25, 2016

Meeting of SEEDS, the Entrepreneurial Program of Appleseed’s Alumni Association – at Barnea & Co.

Barnea hosted a meeting of SEEDS, the entrepreneurial program of Appleseed’s Alumni Association which operates technology programs and life skills development in Israel's periphery. Adv. Yuval Lazi, Partner in the Technology Department lectured on the topics of Founder's Agreements and a tool box for entrepreneurs.

December 25, 2016

New Financial Services Law Establishes Mandatory Licensing Requirement for Financial Service-Providers

The Law establishes a mandatory licensing requirement for financial service-providers – credit providers or providers of financial asset services. One of the main innovations in this Law is that Financial Services Providers will be subject, for the first time, to supervision by a new financial regulator.

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December 25, 2016

Launching Air Force Innovation Community - at Barnea & Co.

On Thursday, December 22nd we hosted at our office a networking event of the Air Force Innovation Division in cooperation with Startau, Tel Aviv University Entrepreneurship Center. The event was attended by representatives of the industry. The Air Force Innovation Course with Tel Aviv University was launched.

December 21, 2016

Foreign Corporations Also Have No Immunity – Organizing a Restrictive Arrangement is Liable to Lead to Criminal Sanctions

A restrictive arrangement organized between an Israeli corporation and a foreign corporation, which results in significant harm to the competition in the Israeli market, is subject to the Israeli Restrictive Trade Practices Law.

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December 19, 2016

The Fall of the Applications Empire

An article by Adv. Yuval Lazi, Partner in the Technology Department at Barnea, on the subject of the current and future market place for applications, was published by Globes Dun's 100. Yuval commented that as regards Israeli start-up companies which develop application-based technologies or solutions, there is a real need to redefine the prospects and risks.

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December 18, 2016

First Conviction Pursuant to Israeli "FCPA" – Following the Footsteps of the US

On December 2016 for the first time in Israel, an Israeli company was convinced for bribing a foreign public official. This is especially interesting due to the fact that this is also the first time the general prosecution in Israel based an indictment on Section 291A of the Israeli Penal Law, that was enacted in 2008, in the course of Israel's efforts to join the OECD as a member country.

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December 18, 2016

Create Effective Website Terms and Conditions

Your website exists to help your clients and customers find and interact with you. You may include e-commerce capabilities, or you may primarily seek to inform people about your company and your products and services. Whatever your goals are, though, you must be on guard; people naturally seek to rely on what they see online. This can be a good thing, but you need to create parameters around what they can and cannot rely on your site to do.

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December 16, 2016

The Knesset Finance Committee Passed the Third Apartment Tax Bill

Adv. Maya Zisser, Partner in the Real Estate Department at Barnea, was interviewed by Bizportal following the approval of the third apartment tax bill by the Finance Committee. Maya commented that we will not see a wave of sales of flats by owners of third apartments, but instead, owners will pass on the burden to tenants by way of increased rentals.

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December 15, 2016

End of Year Employment Law Summary to impact upon 2017

Adv. Marie Tsion, Head of Employment Department at Barnea was interviewed by The Marker. Marie presented the most important developments in labor law which will impact upon 2017. Marie commented that employee's right to privacy in the workplace was the focus of discussion in respect of 2017 and will continue to be discussed in the coming year.

December 14, 2016

Five Winning Tactics to Scale Your Go-to-Market and Channels

Barnea together with ChannelSmart and Syneron-Candela will host an event on December 22nd on best practices for go-to-market strategy and channel development. Adv. Micky Barnea, our Managing Partner, will highlight the important information to include in Distribution Agreements.

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December 13, 2016

Financial Catch of affordable housing program “Mechir Lemishtaken” (Buyer’s Price)

Adv. Ariel Nadler, Partner and Head of the Real Estate Department at Barnea, was interviewed by Bizportal, following “Mechir Lemishtaken”'s cancellation of the winners because of funding problems. According to Ariel, when financing through a bank guarantee, the payment plan can be 20% of the payment for the flat at the beginning and 80% when the entry and permit is issued ("tofes 4"). The recommendation is to leave as much money for the last payment.

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December 13, 2016

Restrictive Arrangement in an Agreement May Possibly Lead to Nullification of the Entire Agreement

District Court rules that an unlawful restrictive provision can lead to cancellation of a 40 years agreement.

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December 12, 2016

Round-table Regarding the Employment of Arab Interns and Lawyers

Adv. Micky Barnea will participate in a round-table meeting with other leading law firms regarding the employment of Arab interns and lawyers. The meeting was initiated by the Deans of the Universities' Faculty of Law.

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