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Latest Updates
November 5, 2023
Ruling: Pre-Sale Dividend Distribution to Reduce Tax Liability
Legitimate tax planning or an artificial transaction to reduce tax liability? Israeli court ruling on a dividend distribution prior to a sale of shares or holdings of a company.
November 5, 2023
US President Signs Executive Order on Safe Use of AI
The United States is looking to institute rules for the safe development and use of artificial intelligence, to regulate government use of AI, and to establish its leadership in the AI field.
November 2, 2023
Wartime Financial Assistance Plan: Unemployment Insurance
The experience acquired in Israel during the COVID-19 pandemic provided the groundwork for the creation of a more favorable plan to support employees on unpaid leave, in order to assist businesses experiencing severe financial losses.
November 2, 2023
Draft Bill: Compensation for Businesses Affected by the War
The compensation for businesses will be based on their fixed expenses, which they must bear despite the decrease in revenue and business activity, and to help businesses survive the period.
November 1, 2023
Barnea: “A Legal View on Israel’s War with Hamas” Webinar
We hosted the webinar “A Legal View on Israel's War with Hamas” for colleagues and international clients. Prof. Amichai Cohen, a special counsel at our firm who specializes in the laws of armed conflict, provided an overview of the situation and answered questions. Topics discussed included the status of the abducted and captive Israelis, the limitations imposed on Israel during battle, the blockade on the Gaza Strip, and the transfer of humanitarian aid.
October 31, 2023
Swords of Iron: Israel Securities Authority Guidelines and Reliefs
The Israel Securities Authority has announced several reliefs due to Operation Swords of Iron, mainly the postponement and extension of deadlines.
October 30, 2023
New Compensation Plan for Reservists – Interviews with Netta Bromberg
This week, the Israeli Ministry of Finance launched a new compensation plan for military reservists. As an expert in the employment field, Netta Bromberg was interviewed by several major Israeli media outlets on the subject.
October 29, 2023
How Businesses Are Affected in Israel – SHRM Interview with Jacki Silbermann
Jacki Silbermann from our Employment Department, was interviewed by the Society for Human Resources Management, the world’s largest HR association, in connection with remote work in Israel during the ongoing war. Jacki noted, “A lot of the businesses where employees can do remote work, in the high-tech and other sectors, have moved to that, and I think they're planning on being in that stage for a while.”
October 29, 2023
Swords of Iron: Israel Innovation Authority Supports Startups
The state of emergency in the Israeli economy and the massive call-up of reservists are expected to adversely impact the Israeli high-tech industry. The Israel Innovation Authority is establishing an express grant track and is offering a series of reliefs to existing startups to help them sustain business continuity.
October 29, 2023
Rights of Victims of Hostile Actions and Their Families
People injured by hostile actions in Israel and their families, as well as the families of those who were kidnapped, are entitled to benefits and continuing support from the National Insurance Institute, including medical treatments, recovery, rehabilitation, and financial support for loss of income and damages.
October 26, 2023
Barnea: Webinar on National Insurance – Employers’ Obligations during Operation Swords of Iron
Amos E. Rosenzweig, the former chief legal advisor of the National Insurance Institute and an of counsel at our firm, led a webinar on employers’ obligations during wartime. He discussed reserve service payments, allowances, and benefits, including for the victims of hostile actions. The webinar was held in collaboration with the Israeli Association of Corporate Counsel.
October 26, 2023
War and Force Majeure – Implications for Contract Performance
Since a combat situation in Israel is not deemed force majeure, the legislature and the regulatory authorities recommend that parties to contracts hold dialogues on the contract terms in good faith, to the extent the state of emergency does not enable all contract clauses to be performed. Concurrently, the Knesset enacted the Postponement of Deadlines Law, which allows those entitled to postpone performance of contracts under particular circumstances.
October 25, 2023
Doing Business in Israel: Effects of War in Israel on International Companies
The effects of war on international contracts and agreements is considerable, yet the law in Israel does not automatically regard a state of war as one. It is therefore crucial to address such issues in the contract itself.
October 23, 2023
Law.com: Leaders of Law Offices in Israel on Coping with Hamas Crisis
Law.com, the leading American legal news service, published an article on the effects of the Israel-Hamas war on law offices in Israel. As a leader in the local industry, Micky Barnea, our firm's managing partner, was interviewed about the challenges of an Israeli law firm coping with the recent conflict. With regard to client services, Micky commented, “We have made sure that we’re providing employment advice to our clients, to help them deal with the situation.” Micky also noted with regard to managing workflow that “I’m looking at two things: on one hand, the availability of our people, who and to what extent they are available to work, and the other side is the real demand for legal work.”
October 19, 2023
Tax Reliefs – Operation Swords of Iron
The Israel Tax Authority is publishing a series of tax reliefs to help companies and individuals and the current defense and civilian efforts.
October 18, 2023
IDF Reservists’ Rights
Israeli men and women called up for reserve duty, whether salaried employees or self-employed, are entitled to reserve duty pay from the National Insurance Institute for the days they serve on reserve duty.
October 16, 2023
Competition Law in Times of War: Globes Interview with Irit Brodsky
Michal Cohen, the Director General of the Israel Competition Authority, issued a special statement, emphasizing the prohibition on companies exploiting their monopolistic position to cause consumers harm during the Israel-Hamas war. As an expert in the competition and antitrust field, Irit Brodsky was interviewed by Globes on the issue. Irit noted, “In addition to the various reliefs, during this difficult period, businesses must take care not to harm consumers as part of their survival efforts, and certainly not to exploit the situation. The Director General intends to be vigilant, especially regarding practices that exploit a company’s monopolistic position and harm consumers, and will use the enforcement measures in her power against such entities.”
October 16, 2023
Activities by NPOs during a State of Emergency in Israel
According to the new guidelines, until the declared state of emergency in Israel is over, NPOs (amutot and public benefit companies) may conduct activities intended to provide immediate and vital assistance during the war, even if these activities do not fall under their approved objectives.
October 15, 2023
Israel Competition Authority Director General Publishes Guidelines for Business Activities during State of Emergency
In light of the security situation in Israel, the Director General of the Israel Competition Authority issued several special guidelines last week to facilitate business activities during the state of emergency.
October 11, 2023
Privacy and Data Protection during Remote Work from Home
The state of emergency the State of Israel has declared in recent days requires us all to contend with a unique and complex situation. As part of this struggle, many companies and organizations have instructed their employees to shift to working from home, thus requiring such employers to clarify their privacy and business data protection procedures.