Latest Updates

April 29, 2018

Precedent Set: ‘Business Judgment Rule’ Also Applies to a Board Resolution on Filing a Derivative Suit

The Israeli Supreme Court has set a precedent by ruling that the Business Judgment Rule should also be applied to a company’s board of directors when it is deciding whether or not to file a derivative suit.

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April 26, 2018

Dr. Zvi Gabbay Interviewed on ADR's petition to the District Court for Economic Affairs

Dr. Zvi Gabbay, Head of the Capital Market Department, was interviewed by TheMarker following a petition submitted by ADR through our firm to the District Court for Economic Affairs in respect of the Israel Securities Authority's decision requiring the company to publish a prospectus. ADR offers the public a unique investment channel - insurance policies of older American citizens.

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April 25, 2018

Hosting Taasiyeda Participants for Lecture on Startup Essentials

Our firm is hosting today the participants of Taasiyeda, an education program founded by the Manufacturers Association of Israel, for a seminar on founders' agreements, IP, and tax issues.

March 8, 2018

A Reform in Israel's Insolvency Laws

Recently, the Knesset has passed the Law of Insolvency and Economic Rehabilitation – which is aimed at updating the law on insolvency currently in effect in Israel. The Law will take effect in 18 months from now.

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January 2, 2018

First Steps for Startups: Ariella Dreyfuss to Lecture at the Bengis Center for Entrepreneurship & Innovation

Adv. Ariella Dreyfuss will lecture today at the Ben-Gurion University Innovation Program on the topics of founders' agreements, IP, and investment agreements.

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December 27, 2017

French Culinary Brand Fauchon Brought to Court

Roni Lish, the minority shareholder in the franchise company of the French culinary brand Fauchon, is suing his partner in the franchise. Roni claims his partner acted to reduce the value of the company in order to control it and to remove him from the company. Roni Lish is represented by Advs. Zohar Lande and Gilli Cohen-Arazi of our firm's Litigation Department.

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December 26, 2017

Fierce Battle over Banning Binary Options Reaches High Court of Justice

Following a bill promoted by the Israel Securities Authority, and passed by the Knesset, outlawing binary options trading by Israeli companies, Yukom Communications LTD and its controlling shareholder, Yossi Herzog, filed a petition to the High Court of Justice. Overseeing the filing of the petition were Barnea attorneys Zohar Lande, Eyal Nachshon, and Moran Bickel.

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December 26, 2017

High Court of Justice Suspends Re-Examination of RGE's Proposal for Knesset Channel Tender

The High Court of Justice ruled in a temporary order that the Cable and Satellite Broadcasting Council should explain why it did not announce RGE as the winner of the tender for the operation of the Knesset Channel, following the disqualification of Channel 20's offer. RGE is represented by Advs. Zohar Lande, Ronen Reingold, Adi Shoham, and Itay Hatam of our firm's Litigation Department.

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December 13, 2017

Lawsuit Filed against Founder of Digital CoinDash

Our firm represented Guy Aharonovski in a lawsuit against his former partner in CoinDash, a platform for managing investments in cryptographic currencies. Aharonovski is claiming his former partner disqualified him from his share in the company, founded Queen-Dash behind his back, and issued tokens called CDT that enabled the use of the platform provided by the company.

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December 11, 2017

Substantial Fee to Be Charged for Filing a Motion to Certify a Class Action

At the end of November 2017, the Constitution, Law and Justice Committee of the Knesset approved a revised draft bill to amend the Courts Regulations (Fees), whereby parties filing a motion to certify an action as a class action will be charged a court fee.

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December 6, 2017

Ministry of Finance Ends Horse Racing, Adv. Zohar Lande Represented GBI Racing

The Ministry of Finance has decided to discontinue horse racing in Israel starting on January 1, 2018. Adv. Zohar Lande, the head of our firm's Litigation Department, represented GBI Racing, the British company that provides betting services to Toto, in negotiations with the Ministry of Finance.

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November 20, 2017

Precedent Set regarding Class Actions against Dual-Listed Companies in Israel

In a precedent-setting ruling handed down recently in the Tel Aviv District Court a motion to certify an action as a class action, which was filed against Tower Semiconductor Ltd. and its officers, was dismissed in limine based on the rationale that US law applies to the company in relation to the matter of liability, since Tower is also listed for trading in the United States.

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November 1, 2017

Barnea & Co. represents HP in its acquisition of Samsung Electronics Co. Printer Business

HP Inc. completed its acquisition of Samsung Electronics Co., Ltd.’s printer business in a deal valued at $1.05 billion. HP Inc. was represented by Barnea

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October 29, 2017

Class Action against Espresso Club Rejected by the Court

The Central District Court has rejected the application for a class action filed in 2015 against Espresso Club for misleading customers about the method of charging an acquired package of coffee capsules. In addition, the court ordered the plaintiff to pay all legal expenses. Espresso Club was represented by Advs. Zohar Lande and Itay Hatam of our firm's Litigation Department.

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October 15, 2017

District Court Rejects Scheduled Vote of Purchase Group United Sarona

The Tel Aviv District Court accepted the request of over 50 members of the purchase group United Sarona, represented by Barnea's Head of Litigation, Adv. Zohar Lande, to prevent a vote at the meeting scheduled for today. In the motion that was presented, it was argued that in the process of convening the meeting there were material flaws, including a lack of information.

Article from The Marker

Article from Walla Nadlan

Article from Globes

Article from Calcalist

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September 25, 2017

Purchase Group United Sarona about to Fall Apart

The purchase group United Sarona, which won a tender a year and a half ago to build several towers near Sarona Market in Tel Aviv, is about to fall apart. In the last few days, several members of the group have begun organizing, through Adv. Zohar Lande, Head of the Litigation Department at Barnea, to file a lawsuit against United Sarona's organizers, after they failed to recruit new members or find alternative funding sources to ensure the progress of the project.

The Marker 24/09/17

The Marker 09/10/17

Globes 24/09/17

September 14, 2017

Itay Gura to Lecture on Founders Agreements and IP

Adv. Itay Gura will lecture today at StarTAU's acceleration program on founders' agreements and IP.

September 6, 2017

Yuval Lazi to Lecture on Intellectual Property in the Entrepreneurship World

Adv. Yuval Lazi will lecture today at the Heseg Innovators Program (HIP) on issues of intellectual property in the entrepreneurship world.

September 5, 2017

Who Owns Employee-Created Inventions: the Employer or the Employee?

We were interviewed by TheMarker on the subject of who owns the Facebook page of a popular TV program—the host or the network and asserted that all intellectual property created by a worker in the framework of the workplace belongs to the employer.

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August 7, 2017

Supreme Court Precedent – Companies Have the Right to Independent Standing during a Derivative Suit

A significant precedent was handed down recently by the Israeli Supreme Court, whereby a company’s separate and independent standing must be recognized, even after a motion for a derivative suit has been approved.

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