Latest Updates

September 4, 2022

In First, Company Fined for Violating California Consumer Privacy Act

Sephora, the cosmetics giant of the LVMH group, must pay a USD 1.2 million fine for failure to comply with the California Consumer Privacy Act (CCPA), after receiving a warning from the California Attorney General and time to rectify its violations.

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September 4, 2022

Responding to ITA Solution for TAMA 38 Tax Benefits

The Israel Tax Authority announced a temporary solution for the problem of tax benefits in TAMA 38 projects. Our firm commented on the proposed solution.

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August 25, 2022

Doing Business in Israel: Antitrust and Competition Aspects of M&A Transactions

Every foreign company considering a merger with an Israeli company (or with an international company connected to an Israeli company) must pay great attention to various elements characterizing Israeli merger control.

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August 25, 2022

Informing on Cyber Risks during Sale of IoT Products

According to the Israeli Consumer Protection Authority’s draft directive, the disclosure obligation applies at all stages of a transaction, including when advertising and marketing an IoT product.

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August 21, 2022

Compensation to employers in respect of wages paid to employees during the IDF Operation “Guardian of the Walls”

Employers are able to receive compensation from the ITA for wage payments paid to employees who were absent during the Operation.

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August 15, 2022

Barnea Representing Migdal in Investment in Major European Infrastructure Project

Roy Engel and Yakov Vilenski represented Migdal in a NIS 130 million investment in one of the biggest infrastructure projects in Europe: the NeuConnect Interconnector. This project consists of a 725 km submarine power transmission line that will connect the English power grid with the German power grid for the first time. The investment agreement was signed with the French fund MIE III Co-Investment Fund II S.L.P.

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August 14, 2022

Israeli National Labor Court Rules Investors Are Not Employers

The Israeli National Labor Court ruled a former CEO suing the company that employed him could not adjoin other shareholders to his lawsuit, since the investors were not involved in the company’s routine management.

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August 11, 2022

Everything Foreign Residents Need to Know about Buying an Apartment in Israel

Buying an apartment in Israel can be an excellent transaction for foreign residents, even without lower purchase tax brackets, as long as they know the right way to proceed.

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August 8, 2022

Israeli Privacy Protection Authority Clarifies Scope of Duty to Inform on Collection and Use of Personal Information

The publication presents the PPA’s position on the duty to inform on the collection and use of personal data (as derived from the Privacy Protection Law), specifically highlighting the duty to inform when using algorithm-based or AI-based decision-making systems.

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August 8, 2022

EU Proposes to Regulate Companies That Receive Foreign Governments Support – How Will This Affect Foreign and Israeli Companies?

The proposed regulation grants the European Commission the power to take measures against companies operating in the European market that receive significant government support from countries that are not members of the European Union.

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August 7, 2022

Public Corporations and Public Announcements – between the Rock of Israeli Competition Law and the Hard Place of Securities Law

While the Israeli Securities Law obligates public companies to report their activities fully and transparently, the Israeli Competition Authority may prosecute them precisely for doing so.

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August 7, 2022

Barnea Representing Phoenix and More against Megureit Israel

Phoenix and More, two of three institutional bodies held by Megureit Israel, a residential real estate investment fund listed on the Tel Aviv Stock Exchange, sent the public company a letter demanding it disclose documents as a step before filing a derivative lawsuit against it. The basis of the letter is the claim that the extension of the agreement with the management company was carried out in a manner inconsistent with the rules of proper corporate governance and the provisions of the law, since approval of the general meeting was never received. Advs. Zohar Lande, Adi Shoham are representing Phoenix and More in this matter

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August 3, 2022

Implications of Israeli Public Transportation Reform on Reimbursement of Employees' Travel Expenses

Many employers in Israel calculated the daily travel cost according to the monthly pass. As a result of the reform employers may be required to recalculate the cost of their employees’ daily reimbursement.

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July 31, 2022

Proud to Announce Program to Support New Parents – "Barnea with You"

Our firm is proud to announce the launch of "Barnea with You," a program aimed at supporting new parents at our firm. As part of this program, new mothers who remain on maternity leave longer than (the paid) 15 weeks will be entitled to a monetary grant from the office for each month of parental leave, up to a maximum of three months. Other benefits include five extra days of paternity leave at the company's expense and group activities for mothers on maternity leave. For more information, read the Globes article.

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July 28, 2022

Israeli Supreme Court: Monopolies May Be Sued for Charging Unfair Excessive Prices

Israeli district courts have already recognized the possibility of suing a monopoly for charging an unfair excessive price, but the Israeli Supreme Court’s recognition of this cause of action ends defendants’ potential arguments for opposing this very possibility.

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July 28, 2022

Israeli Consumers Can Sue Global Corporations Pursuant to Israeli Law Even if Agreement Determines Otherwise

This significant ruling enables small businesses to sue global mega corporations according to Israeli law.

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July 28, 2022

Israeli Supreme Court Asserts Responsibility Is Not Necessarily Accountability

In its Euro-Trade ruling, the Israeli Supreme Court essentially allows regulatory and public authorities to act as they deem fit and to receive the court’s protection even when their actions result in substantive damages.

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July 27, 2022

Barnea Representing Several Ability Group Cyber Companies

Advs. Zohar Lande and Liron Dahan submitted a motion to initiate insolvency proceedings and temporary operations on behalf of several cyber companies from Ability Group. Ability Group faces debts of approximately NIS 150 million.

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July 24, 2022

The Next Generation of Shareholders – Micky Barnea Interview in Globes

Are the heirs of business owners entitled to inherit company shares in equal parts? Read the Globes interview with Micky Barnea, our firm's managing partner.

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July 21, 2022

Bezeq Affair and Implications for Independent Committees – Micky Barnea Interview in Globes

Following Judge Michal Agmon-Gonen’s ruling to drop certain charges from the indictment in the Bezeq securities case, Micky Barnea, the firm’s managing partner, was interviewed by Globes. Micky noted, “This ruling should not diminish the status of independent committees, but rather create order regarding them.”

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