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Insights & News / Internet
May 29, 2017
Regulators Tightening the Screws on Online Gambling
In an interview with TheMarker, Our Head of the Internet Department at Barnea and Co., discussed the fact that regulation of online gambling companies is becoming increasingly more onerous.
May 10, 2017
The Regulator Entered the Casino
In response to the emerging trend of tightening regulation on online gambling companies, we were asked to participate in an interview with TheMarker. We commented that regulation in this area comes in two forms. One is market regulation and the imposition of licensing fees, gambling taxes, and corporate tax. The second is banning online activity, imposing fines, and filing indictments.
May 7, 2017
Tel Aviv University Innovation Conference
For the second year, Barnea is taking part in the Tel Aviv University Innovation Conference. In the framework of the conference, Micky Barnea, will lecture on the subject of the legal challenges entailed in late staged startups and will judge in the competition final with other mentors from Shazam, Prezi, Capsula, Strauss Group and IAI.Adv. Yuval Lazi and Ariella Dreyfuss, will judge in the start-up competition in the Fintech, Gaming and IoT sectors. Yuval Lazi will also participate in a panel discussion on funding a start-up, together with a representative of the Office of the Chief Scientist, Tau Ventures' CEO and the CEO of "Cockpit", El-Al's start-up support program.
February 26, 2017
E-Commerce – Law and Legal Authority
Our Head of the Internet Department at Barnea, in an article (in Hebrew) for The Marker, discussing the question of how e-commerce activities may be subject to different legal systems, which can contain rules that do not match and even contradict, especially in matters of licensing and regulation.
February 5, 2017
Doing Business in Israel – Practical Law
Doing Business in Israel? A QA guide to doing business in Israel written by Barnea was published in the Practical Law website. The guide gives an overview of the legal system, foreign investment, regulation, and other issues pertaining to Israel.
January 24, 2017
Israel Seeks Tax on Bitcoin, Virtual Currency Transactions
Adv. Harel Perlmutter, Head of the Tax Department at Barnea, was interview by Bloomberg regarding a draft circular of the Israel Tax Authority on taxation of virtual currencies (bitcoins and the like). Harel commented that the draft imposes almost insurmountable restrictions on the use of virtual currencies in Israel, due to the liabilities and costs involved.
August 4, 2016
Barnea & Co. Represented Stride Gaming PLC
Adv. Karin Kashi of Barnea represented Stride Gaming PLC, an online Bingo operator traded on AIM, London, in a major transaction recently. The Stride group acquired the assets and shares of Tarco Limited and Netboost Media Limited for consideration of up to GBP 40.2 million. GBP 22 million of the amount will be paid in accordance with the 2017 EBITDA of the acquired businesses.
July 24, 2016
CySEC is stepping up enforcement of Israeli FOREX companies
The Cyprus Securities and Exchange Commission (CySEC) has begun to increase enforcement on Israeli companies operating in the field of FOREX and binary options and promote reform that could hamper their operations. Our Head of the Internet Department at Barnea, was interviewed by Calcalist on this issue. He remarked that Israeli companies operating in Cyprus are examining alternative places, such as Malta or Eastern European countries in the EU.
June 27, 2016
The Effect of the Brexit Referendum Results on Online Gambling Companies
We were interviewed by Calcalist on the effect of the Brexit referendum results on online gambling companies. We expect that Malta can become an option for gambling companies who require an online gambling license from an EU Member State.
June 14, 2016
Microsoft is buying LinkedIn for $26.2 billion
Microsoft announced a $26.2 billion deal on Monday to acquire professional social platform LinkedIn, for $196 per share. Following this transaction, our Head of the Internet department at Barnea, who represents and advises Internet companies involved in mergers and acquisitions, was interviewed by Galatz radio on ”Good morning Israel” and by Israel Hayom newspaper regarding the transaction.
June 1, 2016
Property Contractors may be breaching Privacy Laws
Purchasers of Apartments in Afula were surprised to receive a call from a mortgage advisory company, despite not having given the contractor prior consent to transfer their data to such company. The Ministry of Construction and Housing commented on this issue that "if necessary, we will sharpen the guidelines’’
The Privacy Protection Act regulates the use of personal information databases and providing this information to third parties without the individual's consent is illegal.
April 12, 2016
A New Guidelines Issued by the Israeli Tax Authority
The Israeli newspaper TheMarker interviewed our head of internet department, to discuss the new guidelines issued by the Israeli Tax Authority, according to which shall begin collecting VAT and income taxes from foreign companies which conduct substantial business over the internet in Israel, such as Facebook and Google.
March 22, 2016
The Israel Securities Authority bans binary options
In a letter circulated yesterday to companies engaged in the binary options industry, ISA informed these companies that it has decided to completely halt binary option trading in Israel.
March 22, 2016
Algorithmic Trading - An article by Moran Bickel
In recent months the ISA has stopped the activity of many algo-trading companies, because their businesses constitute investment portfolio management without a license required by law. In an opinion article in Bizportal, Adv. Moran Bickel argues that the ISA should create a specific regulatory system in order to assess algo- trading companies.
March 3, 2016
Globes IT magazine- Roundtable
We participated in a roundtable held by Globes IT magazine. The subject of the event was Internet law, Cyber Protection, Privacy Information and the effects of technology. (P. 28-29)
February 24, 2016
Angel's Investor workshop
As part of our cooperation with MIT Enterprise Forum of Israel, our office will take part in an Angel's Investor workshop consisting of 6 meetings. Adv. Micky Barnea, Adv. Yuval Lazi and Adv Ariella Dreyfuss will lecture at the workshop.
February 4, 2016
Israeli Gambling Market Review
Away from the media spotlight and public awareness, Israel has become a global player in the field of online gambling. Employees are able to make a career and earn good money in this field - but they do not always tell people what they do because of the negative image of this industry.
Our Head of Internet department at Barnea was interviewed by TheMarker for their Gambling Market Special Report.
December 8, 2015
InterGame 2016 directory
Our firm was chosen as one of the three best Israeli law offices providing services in the gaming and gambling industry by the InterGame 2016 directory. The InterGame is the ultimate portal for the coin-op amusement, casino and online gaming industries.
November 27, 2015
Overview of the changes in the Internet gambling industry
Increasing competition in the online gambling industry is motivating leading players in the industry to try to find new sources of income.
September 28, 2015
Israel Opens New Casino Inquiry With Netanyahu Backing
Following the declaration by Israeli Prime Minister, Benjamin Netanyahu, regarding the possibility of opening for the first time of a casino in Israel, the exclusive Gambling Compliance Magazine interviewed us. Our Head of Internet Department states that: "There is a higher probability for this to succeed this time. The reason for that being that due to the economic situation in Israel (and generally in the world), the government is seeking additional sources of income, which a casino could bring."