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Latest Updates / International Sanctions

March 2, 2022

Doing Business in Israel: Infrastructure Projects

The desire for clear contracts and the desire to avoid litigation is obvious. The desire to save taxpayers’ money is also obvious. But it appears that, at the moment, the infrastructure sector is facing not a budgetary crisis but rather a legal one. The solution is simple. Both sides should work together to achieve the project’s successful completion.

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February 27, 2022

Effect of Russia Sanctions on Israeli Companies

Professor Amichai Cohen, an of counsel specializing in international law at our firm, has published an op-ed in Globes about new sanctions against Russia in the wake of its invasion of Ukraine, and the possible effects of these sanctions on Israeli companies and businesspersons.

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February 27, 2022

The War in Ukraine and International Economic Sanctions

The economic sanctions the United States has imposed on Russia have possible implications for the Israeli business community.

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February 23, 2022

Dual-Listed Companies – a Fly in the Ointment

When dual-listed companies have no real link to Israel, the ISA needs to check its considerations, and investors even more so.

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February 23, 2022

Cayman Islands Policy Change Regarding the Classification of Countries vis-à-vis the Anti-Money-Laundering Laws

From "low" to "moderate" risk of money laundering: the Cayman Islands Monetary Authority's classification change and its impact on Israel.

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February 23, 2022

Recruiting Partners, Not Interns

Terry Almozlino and Ilan Blumenfeld explain to TheMarker how the office works to transform interns into partners.

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February 21, 2022

2021 – Trends in the Law Firms Industry

The phenomenon of mergers between law firms gained momentum in 2021 and its results are changing the face of the industry. Micky Barnea was interviewed by Calcalist on the subject and noted that: "I assume the number of large law firms is expected to be reduced to a group of about ten large firms, which will concentrate a high level of expertise and knowledge and ability to serve the needs of large clients and complex matters."

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February 21, 2022

Website Accessibility - Legislation and its Meaning

Adv. Anat Even Chen and Adv. Eyal Nachshon, Partners at our office, lectured today at the website builders forum on the requirements and obligations of owners, site builders, and site operators given the obligation to access the degrees.

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February 20, 2022

Between an Offering Prospectus and a Shelf Prospectus

The prospectus has four key objectives: to give investors information so that they make rational investment decisions; to deter the company and its executives from inappropriate behavior; to encourage public trust in the capital market; and to increase efficiency in the securities market.

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February 17, 2022

Product Descriptions Are Also Copyright Protected

The Bat Yam Magistrate’s Court recently deliberated on the question of whether a product description is protected by copyright. The court ruled that a marketing text constitutes a copyrighted work, even if it includes a technical description of a product.

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February 15, 2022

Interview with Neta Bromberg: When Employees Tweet

Netta Bromberg, a partner and the head of our Employment Department, was interviewed by TheMarker on how employers should handle employees’ posts on social media.

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February 13, 2022

Illegal Spilling of Sewage Water into Sea Leads to Significant Fine

A boutique hotel in Jaffa was convicted of spilling sewage into the sea without a permit. The court fined the company and two of its employees.

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February 13, 2022

Nothing Lasts Forever – New Israeli Supreme Court Ruling Expected to Reduce Legal Protection Granted to Managers and Board Members in Israel

After a lawsuit filed by liquidators of a company that collapsed against the company’s former officers, directors, and independent auditors was dismissed in limine, a new Israeli Supreme Court ruling overturned that decision and allowed the liquidators to move forward with the lawsuit, alleging that lack of oversight was what led to the company’s collapse. The significance of this new ruling is that the “business judgment rule” will no longer be interpreted as providing automatic protection to executives, and they may now be compelled to participate in lengthy legal proceedings to prove their entitlement to legal protection.

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February 10, 2022

Israeli Amutot Business Activity – When Permitted and Under What Conditions?

Many believe the law prohibits an Israeli NPO (Amutah) from operating business activity in order to maximize profits for itself. One of the reasons for this is the language of section 1 of the Amutot Law. A more precise reading of the section shows it does not expressly prohibit such activity, but stresses its conditions.

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February 9, 2022

Representing Shareholders in Startup's Acquisition by Vontier

We represented Inven Capital, Volvo Group Venture Capital, and Ombu Group in the sale of their shares in Driivz to Vontier, a global mobility company. Simon Jaffa, Ariella Dreyfuss, Harel Perlmutter, and Fadi Atallah from our office advised on the transaction.

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February 3, 2022

The Israeli Privacy Protection Authority’s Recommendations Regarding the Appointment of Data Protection Officer

The Israeli Privacy Protection Authority has published recommendations that organizations and companies in all sectors of the economy should appoint data protection officers, along with an instruction kit in this regard. The document was published at the end of January 2022 as part of Privacy Protection Week.

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February 2, 2022

Interview with Micky Barnea: Takeovers of Public Companies

Recent years have seen several takeover attempts of companies listed on the Tel Aviv Stock Exchange. Already in early 2022 was there a control struggle over Norstar Holdings Inc. As an expert lawyer in the field of corporate takeovers, Micky Barnea was interviewed by TheMarker for an article on the subject. In the interview, Micky explained that “control takeovers begin with a combination of two things: an analysis to identify the business potential and a legal analysis that clarifies which steps are required to acquire control.”

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February 2, 2022

Does High-Tech Success Have a Price?

Kan 11’s leading podcast “Hayot Kiss” featured an episode on how the success of the Israeli high-tech industry affects other industries in the country. As the managing partner of a law firm that works closely with the high-tech industry, Micky Barnea was interviewed on the podcast about the effects of the high-tech boom on the legal industry.

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January 30, 2022

Representing Owners of Luxury Tel Aviv Property in Lawsuit Filed against Them

Israeli basketball player Yoni Nir has filed a lawsuit against three women who own a property in the upscale Nahalat Yitzhak neighborhood in Tel Aviv. The lawsuit alleges the women refused to abide by a "binding sale agreement" signed between them for the sale of the property in the amount of NIS 4.9 million together with renovation costs. Our firm’s Daphna Klein and Shahar Poller Atzil are representing the defendants in the case.

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January 30, 2022

Representing BlueVine in Investment Round in Bizi

Itay Gura and Inbar Katzir represented BlueVine, a fintech company operating in the US that provides a banking platform for small and medium-sized businesses, in its first investment in an Israeli company. BlueVine led the USD 7.5 million investment in Bizi and will also grant Bizi a license for its platform to provide services in Israel.

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