Latest Updates

May 27, 2018

Updating Privacy Policy for GDPR Compliance

Our Head of the firm's Internet Department, was interviewed by Mamon, Yediot Ahronot's financial supplement, about the introduction of the new EU General Data Protection Regulation (GDPR).

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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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May 23, 2018

Anti-Spam Law to Be Expanded – Prohibition on Soliciting a Return Call

Recently, the Knesset approved a private bill that expands the scope of the “Spam Law.” The amendment is aimed at preventing the phenomenon whereby messages not necessarily commercial in nature are being sent to the general public, mainly through a robo-call system.

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May 17, 2018

Is It Mandatory for My Business to Be Licensed as a Financial Asset Service Provider?

On June 1, 2018, another central part of the regulatory reforms under the Control of Financial Services Law (Regulated Financial Services) will come in effect. This part addresses the activities of financial asset service providers.

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May 15, 2018

District Court Orders Bank Hapoalim to Accept a Deposit of Proceeds from Sale of Digital Currencies into Client’s Account

This month, an Israeli district court deliberated a motion for an interlocutory order against Bank Hapoalim. The order would obligate the bank to accept the transfer into a customer's account of money that constituted proceeds from a sale of digital coins transacted outside of Israel.

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May 8, 2018

Israel's Privacy Protection Regulations

Adv. Asaf Shalev was interviewed by Mamon, Yediot Ahronot's financial supplement, about the new privacy and information security regulation coming into force in Israel today. This regulation sets a new standard for the protection of personal information in databases.

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April 29, 2018

What Is the GDPR Revolution and How to Prepare for It?

Our Head of the firm's Internet Department, was interviewed by TheMarker about the introduction of the new EU General Data Protection Regulation (GDPR) and the way it will influence Israeli companies. He commented that a company looking to issue stocks, be sold to a European company, or raise an investment will increase its chances and value if it complies with GDPR.

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April 23, 2018

Seminar on EU Privacy Protection Regulations

Our firm is hosting today the participants of the IBM Alpha Zone Acceleration Program for a seminar on the EU's new privacy protection regulations.

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April 16, 2018

Cross-Border Enforcement: How US Enforcement Agencies Reach Israeli Institutions

Barnea and Nixon Peabody LLP are hosting today a roundtable discussion on the current enforcement environment, future trends, and strategies to succeed in the US while skirting legal and regulatory challenges.

April 11, 2018

Apple Israel CEO Questioned by the Consumer Protection Authority

Adv. Anat Even-Chen was interviewed by several local newspapers following the investigation of Apple Israel's CEO by the Consumer Protection and Fair Trade Authority. It is suspected that Apple Israel did not disclose material information to consumers about the slowdown in updated versions of its cellular phones.

Article from The Marker

Article from Israel Hayom

April 8, 2018

Law Reducing the Use of Cash

The Knesset recently approved the Law for the Reduction in the Use of Cash. This law imposes bans and restrictions on the making and receiving of payments using cash and checks at the sums therein prescribed.

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March 29, 2018

Facebook Scandal and Data Privacy Regulation

Our Head of Barnea's Internet Department, was interviewed on a financial TV program at the Israeli Public Broadcasting Corporation following Facebook's privacy scandal (starting at min' 13.55).

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March 18, 2018

Knesset Allows IPO Expenses to Be Deducted from Corporate Earnings

Recently, after initial approval by the Finance Committee, the Knesset has passed a temporary order to the Income Tax Law with regards to deduction of issue expenses. According to the law, the expenses related to issuing the shares of companies and partnership participation units on the Tel Aviv Stock Exchange (TASE) will now be recognized as expenses for tax purposes.

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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 18, 2018

Terminating an Ongoing Transaction Puts an End to Advertisements

On February 2018, the Knesset passed Amendment 66 to the Communications Law. The legislative amendment, colloquially known as "the Spam Law", prescribes that when an ongoing transaction is terminated, a dealer will be prevented from continuing to send advertisements to the former customer, even without the consumer being required to send notice that he is opting out.

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February 13, 2018

Oracle conference on the GDPR regulation

We were invited to speak today at the Oracle conference on the new EU privacy regulations (GDPR) and their legal implications for the organization.

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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 23, 2018

Seminar on Data Protection and Privacy for the Israeli Directors' Union

Our firm is hosting the Israeli Directors' Union today for a seminar on data protection and privacy. During it we will discuss the new European privacy regulations (GDPR) and directors' exposure in the age of privacy.

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