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Latest Updates / Internet
August 20, 2013
Financial Regulation: Early Achievements
In 2010, the Israeli Parliament enacted the Securities Law , creating the framework for the licensing of the online financial trading industry in Israel. The Act is the first attempt of the government to regulate online financial trading in Israel, which is unregulated at all, allowing rogue operators to act, causing damage to consumers and to the reputation of respectful operators.
August 8, 2013
Barnea & Co. represented Orid Media Limited
Barnea represented Orid Media Limited in its sale of certain of its assets and liabilities, including its subsidiary, Pariplay Limited, an Isle of Man online gambling licensee, to a partly owned subsidiary of Majesco Entertainment Company, a NASDAQ listed company. The transaction will see Majesco invest a sum of between $3.5 to $4.5 million.
May 9, 2013
Israeli gambling sites industries have been revealed due to a confidential agreement which has been leaked.
Barnea represents Mr. Menny Benish, Player 2 Player LTD. and R.I.I.G Limited, in a claim for over 12 M NIS against Moshe Tisona and Yalciner Enterprises Ltd.
April 25, 2013
Israel: Licensing of Online Financial Trading
Trading online financial services, be it foreign exchange, commodities, share prices or stock indexes is the attracting customers all over the world; This has led several jurisdictions to introduce legislation aimed at licensing and regulating the online financial trading market.
January 14, 2013
"The Ministry of Justice's gamble"
Is it justifiable to block gambling sites? According to a Justice Department memo, a competent police officer may issue an order restricting access to a Web site, if there is a reasonable suspicion that the website is used for betting and that the site will continue to be used for betting if access is not restricted