Latest Updates

April 3, 2019

Event: The Role of Boards of Directors in Maintaining Honesty

Our firm hosted today the Israel's Directors Union for a seminar on the prevention of bribery and corruption. Dr. Zvi Gabbay lectured on the duties of boards of directors in Israel, and Adv. Hadar Israeli presented the American perspective.

September 13, 2018

SEC Takes First Action against Crypto Hedge Fund

Adv. Daniel Israeli was interviewed by Calcalist following the SEC's decision to fine an unregistered crypto broker-dealers and its owners.

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September 5, 2018

A Small Step for the Regulator, a Big Step for Blockchain Technology

Dr. Zvi Gabbay has published an article in Globes about the changing financial regulation in the US around crypto coins.

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July 17, 2018

Approved by the SEC – Security Tokens Exchange in the US

Coinbase, one of the leading cryptocurrency exchanges in the US, received approval from the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list for trading digital currencies considered to be securities (security tokens). Coinbase has thus become the first US federally-regulated platform for trading security tokens.

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May 31, 2018

Financial Services Law Postponed

Adv. Anat Even-Chen gave several media interviews (in Heb) following the Knesset Finance Committee's decision to postpone the entry into force of the Financial Services Law. This law was supposed to regulate the trading of digital currencies for the first time.

Article from The Marker

Financial radio program (starting min' 10:50)

May 30, 2018

Israel Proposes Personal Stock Investment Accounts with Tax Perks

Dr. Zvi Gabbay was interviewed by Bloomberg BNA regarding a new bill, according to which anyone who sells his apartment is entitled to open a special investment account that will benefit from deferring payment of tax on capital gains.

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May 24, 2018

Dr. Zvi Gabbay Attends iFX Expo International Conference

Dr. Zvi Gabbay is attending today the iFX Expo International Conference. Zvi will participate in the panel on regulation, discussing MIFID II, ESMA restrictions, and the blockchain and cryptocurrency revolution.

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February 23, 2018

2018: A Turning Point in the Virtual Currencies Market

Dr. Zvi Gabbay, Head of our Capital Markets Department, published an op-ed in Calcalist on the role of the regulator in the virtual currencies market and why 2018 will be a turning point.

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February 8, 2018

Israel Hopes Lower Taxes, Less Regulation Will Spur Trading Boom

Dr. Zvi Gabbay, Head of our Capital Markets Department, and Adv. Harel Perlmutter, Head of our Tax Department, were interviewed by Bloomberg BNA regarding the Tel Aviv Stock Exchange's intention to reduce red tape and ease regulations in order to further continue the growth in the number of new companies being traded on TASE.

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January 29, 2018

TheMarker Op-Ed: How to Enjoy Blockchain Innovation

Adv. Daniel Israeli, a member of Barnea's Capital Markets Department, wrote an op-ed piece for TheMarker on the need to create an appropriate regulatory framework for the issuance of digital currencies.

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January 28, 2018

Zvi Gabbay Featured in Israeli Blockchain Association Legal Survey

Dr. Zvi Gabbay, the head of our Capital Markets Department, was featured in a legal survey conducted by the Israeli Blockchain Association on current trends in blockchain in Israel.

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January 17, 2018

Barnea & ACC Seminar – Blockchain, Bitcoin, and ICOs

We are hosting today together with the Association of Corporate Counsel a seminar on blockchain and digital currencies. Dr. Zvi Gabbay will discuss new regulatory challenges, while Micky Barnea will address blockchain and smart contracts. Tal Cohen, Compass Blockchain Solutions's CEO, will give a special introductory lecture on bitcoin and digital currencies.

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December 27, 2017

Everything You Need to Know about ICOs

Barnea is hosting an ICOs and digital currencies event today. Dr. Zvi Gabbay will lecture on regulation opportunities and challenges, while Harel Perlmutter will discuss the taxation of cryptographic coins and the Tax Authority's position.

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 21, 2017

Article: Is Israeli Regulators’ Approach toward ICOs Ill-Advised?

Dr. Zvi Gabbay, Head of our Capital Markets Department, has published an article in Financial Magnates. It discusses the Israel Securities Authority's approach to Initial Coin Offerings (ICO) and cryptocurrencies and how this approach compares to other jurisdictions.

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December 13, 2017

Israel Securities Authority Blows Up the Bitcoin Bubble

Dr. Zvi Gabbay, head of our firm's Capital Markets Department, gave several media interviews (in Heb) following the Israel Securities Authority Chairman's remarks that companies whose values are based on bitcoin will not be included in the Tel Aviv Stock Exchange's (TASE) indices until a suitable regulatory framework is established. Zvi noted it is important to distinguish between the inclusion of companies engaged in trading and investing in virtual currencies on TASE's indices and the possibility that such companies will actually be traded on TASE.

Financial radio program (starting min' 05:15)

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October 24, 2017

Israel Securities Authority Defeated in Proceeding against Portfolio Manager

The Administrative Enforcement Committee rejected an administrative claim filed by the Israel Securities Authority against portfolio manager Ran Amitai for using inside information on a deal with the biotechnology company Compugen. Ran Amitai and Cramim Capital Markets were represented by Dr. Zvi Gabbay and Adv. Sapir Malul.

Article from The Marker

Article from Calcalist

September 24, 2017

Israeli Binary Options CEO Arrested in US on Suspicion of Committing Electronic Fraud

The Israeli CEO of a binary options company has been arrested by federal investigators in the United States on suspicion of committing electronic fraud. Dr. Zvi Gabbay, partner and head of our firm's Capital Markets Department, is representing the company in this matter. In an interview with TheMarker on the subject, he noted this is a relatively early stage in the legal process and that an indictment has not yet been filed.

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September 12, 2017

Dr. Zvi Gabbay speaking at the EY Anti-Fraud Forum

Dr. Zvi Gabbay, Head of Barnea's Capital Markets Department, will participate today in the EY Anti-Fraud Forum. Zvi will discuss how workers can take an active role in self-regulation and compliance.

August 29, 2017

Dr. Zvi Gabbay Discusses Regulation of Digital Coins in New Op-ed

Dr. Zvi Gabbay, Head of the Capital Markets Department, had an op-ed published in The Marker on the regulation of digital currencies. He asserts there will be no choice but to build a unique regulatory model that matches the characteristics of these new financial instruments.

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Latest Updates / Financial Regulation