Latest Updates

June 10, 2018

Israeli Non-profit Organizations (‘Amutot’), Public Benefit Companies and Everything in Between

New article by Advs. Asaf Shalev and Daniel Kleinman on founding an Israeli non-profit organization (of the type included in the third sector).

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June 7, 2018

Dr. Zvi Gabbay Lectures at IHFA's Sixth Annual Tel Aviv Conference

Dr. Zvi Gabbay lectured today at the Israel Hedge Funds Association's Sixth Annual Tel Aviv Conference. The goal of the event is to connect local industry with overseas peers, bringing together professional experts, manages, and investors. Zvi discussed how fund managers can benefit from their relationship with the exchange.

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June 6, 2018

Israel Chapter in 2018 Anti-Money Laundering Legal Guide

Dr. Zvi Gabbay and Adv. David Gilinsky of the firm's Capital Markets Department contributed to the Israel chapter of the 2018 edition of The International Comparative Legal Guide to Anti-Money Laundering. The chapter discusses issues of enforcement and regulation to prevent money laundering in Israel.

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June 6, 2018

Control of Financial Asset Services – Update

Moments before the new supervisory regime over financial asset service providers came into effect on June 1, 2018, the Minister of Finance signed an order postponing the effective date until the earlier of the following: October 1, 2018, or the issue date of the Prohibition on Money Laundering Order that addresses financial asset service providers.

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June 5, 2018

Justice Ministry Seeks to Empower Registrar to Strike Companies from Companies Register

The Ministry of Justice recently published a new memorandum regarding an amendment to the Companies Law. This amendment seeks to authorize the Registrar of Companies to administratively strike off a company from the Companies Register.

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June 4, 2018

Israeli Court Scrutiny Over Decisions of a Board of an Israeli NASDAQ Traded Company in a Proxy Fight

Recently, a four month proxy fight over control of an Israeli incorporated NASDAQ traded company was settled, following a series of proceedings held before the Tel Aviv District Court. At a crucial juncture, the Tel Aviv Court was asked to issue a temporary injunction over a transaction initiated by the board, which included a highly dilutive (24.9%) issuance of shares.

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June 3, 2018

RGE Wins Tender for Operation of Knesset Channel

The Cable and Satellite Council awarded RGE Group's proposal with the tender to operate the Knesset Channel for the next 10 years. RGE is represented by Advs. Zohar Lande, Adi Shoham, Eyal Nachshon, and Omer Keydar of our firm's Litigation Department.

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May 31, 2018

Financial Services Law Postponed

Adv. Anat Even-Chen gave several media interviews (in Heb) following the Knesset Finance Committee's decision to postpone the entry into force of the Financial Services Law. This law was supposed to regulate the trading of digital currencies for the first time.

Article from The Marker

Financial radio program (starting min' 10:50)

May 31, 2018

Yuval Lazi Lectures at Hutchison Kinrot

Adv. Yuval Lazi is lecturing today for entrepreneurs at Hutchison Kinrot, a global leader seed investor in water and cleantech-related technologies.

May 30, 2018

How to Protect Your Trade Secrets

Barnea and Bird and Bird are hosting today a seminar on the protection of trade secrets from the Israeli and European perspectives. We will discuss the confidentiality and non-compete clauses in employment agreements.

May 30, 2018

Israel Proposes Personal Stock Investment Accounts with Tax Perks

Dr. Zvi Gabbay was interviewed by Bloomberg BNA regarding a new bill, according to which anyone who sells his apartment is entitled to open a special investment account that will benefit from deferring payment of tax on capital gains.

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May 28, 2018

GDPR – Why Should We Care about It?

The EUs General Data Protection Regulation is designed to help individuals better control their personal data. As this regulation applies also to those that offer products or services in the EU, major websites have begun updating their privacy policies to comply. Doing so is important for a number of reasons.

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May 27, 2018

Barnea Representing Yad Hanna in Agreement to Lease and Construct Logistics Center for Diplomat

Our firm is representing Yad Hanna in a long-term lease agreement of 30 dunams in its industrial zone for the construction of Diplomat's new logistics center. The construction is valued at NIS 230 million.

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May 27, 2018

Updating Privacy Policy for GDPR Compliance

Our Head of the firm's Internet Department, was interviewed by Mamon, Yediot Ahronot's financial supplement, about the introduction of the new EU General Data Protection Regulation (GDPR).

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May 24, 2018

Dr. Zvi Gabbay Attends iFX Expo International Conference

Dr. Zvi Gabbay is attending today the iFX Expo International Conference. Zvi will participate in the panel on regulation, discussing MIFID II, ESMA restrictions, and the blockchain and cryptocurrency revolution.

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May 23, 2018

Anti-Spam Law to Be Expanded – Prohibition on Soliciting a Return Call

Recently, the Knesset approved a private bill that expands the scope of the “Spam Law.” The amendment is aimed at preventing the phenomenon whereby messages not necessarily commercial in nature are being sent to the general public, mainly through a robo-call system.

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May 22, 2018

Amazon Web Services VAT Policy in Israel Sets Global Precedent

Adv. Harel Perlmutter, Head of the Tax Department, was interviewed by Bloomberg BNA on the decision of Amazon Web Services’ to start collecting and remitting value-added tax in Israel.

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May 22, 2018

Landmark Israeli Court Decision Halts Deal between Two US Companies

An Israeli court has ordered to halt an investment deal in Arcturus Therapeutics, pending clarification of the lawsuit filed by Joseph Payne, the company's founder, regarding the cancellation of his dismissal as CEO. This decision was made despite the fact that the company operates in the United States with American management. Joseph Payne is represented by Advs. Micky Barnea, Zohar Lande, Omer Keydar, and Ron Shuhatovich.

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May 21, 2018

Israeli Supreme Court Rules: Option Allotment Expenses Must Be Included In The Cost Base Calculation

The Israeli Supreme Court recently ruled a judgment on the matter of high-tech companies Kontera Technologies Ltd. and Finisar Israel Ltd. The facts underlying this judgment are relevant to many technology and startup companies in Israel engaged in RD services with their foreign parent companies, and which their revenue is being calculated using a Cost-Plus method.

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May 17, 2018

Is It Mandatory for My Business to Be Licensed as a Financial Asset Service Provider?

On June 1, 2018, another central part of the regulatory reforms under the Control of Financial Services Law (Regulated Financial Services) will come in effect. This part addresses the activities of financial asset service providers.

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