Latest Updates

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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November 28, 2017

Seminar on Data Protection and Privacy

Barnea is hosting today another round of lectures for startups and entrepreneurs on the subject of data protection and privacy. Also to be discussed is the obligation of accessibility on the Internet. In addition, the seminar will feature a guest lecture from the Israeli Digital Organization.

November 28, 2017

Important Real Estate-Related Legal Decisions in 2017

Adv. Ariel Nadler, head of our firm's Real Estate Department, was interviewed by TheMarker's real estate magazine on the cancellation of the Multiple Housing Taxation Law by the Supreme Court. Ariel commented that regulators will now have to provide a solution to those people who already sold their apartments in order to enjoy the tax benefit that was guaranteed. He also noted that the cancellation will affect apartment owners considering to sell.

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November 27, 2017

ITA Publishes New Draft Circular on Sale of Rights in Corporation

The Israel Tax Authority published a draft circular today about a sale of rights in a corporation when a portion of the consideration is paid to the seller at a future date.

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November 23, 2017

Should a non-profit organization be allowed to invest funds in financial assets?

The issue of an NPO’s investments of unappropriated funds (funds that are not immediately needed within the scope of its activities or for the purpose of advancing its objectives, whether on a short-term or on a longer-term basis) is not regulated within the scope of the Non-Profit Organizations Law or the Income Tax Ordinance. Asaf Shalev contributed an article to Globes in regard to this matter. (In Hebrew)

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November 22, 2017

Hosting a Delegation of British Executives in Israel

UK Israel Business is a bilateral chamber of commerce that connects British and Israeli businesses across all sectors. As part of its activity, it invited a delegation of British executives to Israel. The delegation came to explore possible investment avenues in technological projects, and visited entities in the technology scene. A final event for the delegation was held in our offices.

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November 22, 2017

Electricity Authority Hearing: Competitive Proceeding for High-Voltage and Low-Voltage Solar Installations

In September 2017, the Electricity Authority published a Call for Bids for the purpose of determining the rate for electricity generation using photovoltaic (PV) technology at PV plants to be connected to the high-voltage and low-voltage grids.

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