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Latest Updates / Regulation
August 1, 2017
Plans for New Data Protection Laws in Uk Recently Confirmed
Recently, the UK government pledged to introduce a new Data Protection Bill. The proposed bill will uphold the UK's commitment to applying the privacy principles enshrined in the General Data Protection Regulation (GDPR) despite the Brexit process.
July 31, 2017
New Lending Platform Regulations
Recently, the Knesset approved an amendment to the Supervision of Financial Services Law, which regulates the activities of online lending platforms that broker between people and businesses under a peer-to-peer (P2P) model.
July 30, 2017
Knesset Approves Elimination of Fees Imposed on Databases
In early July 2017, the Knesset's Constitution, Law and Justice Committee approved the elimination of the compulsory registration fees and periodic fees paid by database owners.
July 19, 2017
Adoption of Business Judgment Rule - A new article by Dr. Zvi Gabbay
Adv. Zvi Gabbay's article deals with the ruling handed down by the Israeli Supreme Court at the end of December 2016, in the Bezeq case, in which the Supreme Court adopted the protection granted to decisions of the board of directors by applying the business judgment rule. The article seeks to examine whether this ruling achieved one of its main objectives—legal certainty.
July 3, 2017
New ILITA Guidelines Prescribes Criteria for Obtaining Consent to Provide Direct-Mail Services
Recently, ILITA (the Israel Law, Information and Technology Authority) published new guidelines addressing the interpretation and implementation of provisions of the Protection of Privacy Law relating to direct mail and direct-mail services.
June 26, 2017
Internet Companies: Beware of Mandatory Israeli Court Jurisdiction
Recently, the Israeli Attorney General, in a legal opinion filed with the Israeli Supreme Court as part of an appeal filed by Facebook, opined that foreign companies (specifically those that do business via the internet) may not escape Israeli court jurisdiction even if the terms and conditions posted on their website state otherwise.
June 25, 2017
Board of Directors 2017 - Challenges and Risks
Barnea, in cooperation with the Israel Director Union, is hosting a seminar on the challenges and risks in the functions of a Board of Directors. Micky Barnea, our Managing Partner, will discuss the risks in the functions of the board of directors. Dr. Zvi Gabbay, Partner and Head of the Capital Markets Department, will deal with corporate governance and enforcement programs.
June 25, 2017
Updates and Reliefs to the Rules about Industrial Wastewater
New rules came into effect recently that constitute an amendment and update of the principal rules addressing industrial wastewater flowing from factories into the sewer system.
June 22, 2017
Financial Radio Program at the Public Broadcasting Corporation
Dr. Zvi Gabbay, Head of the Capital Markets and Financial Regulation Department at Barnea was interviewed on a financial radio program at the Public Broadcasting Corporation following the investigation of the heads of Bezeq and explained how the Securities Authority is investigating. (starting at min' 12.06)
June 7, 2017
Why the World of Mergers and Acquisitions is Changing in The Big Data Era
Adv. Karin Kashi from Barnea, in an article for "People and Computers" about the changes that startups need to make in relation to their privacy aspects and the expected impact on merger and acquisition deals.
June 6, 2017
Barnea & Co., together with the ACC, are Hosting an Event on Privacy
Barnea, together with the Association of Corporate Counsel (ACC), is hosting today an event on privacy. This is the first event in Israel discussing the implications of privacy on organizations. During the event, we will cover such topics as the new EU regulations on the protection of privacy and information and the right to financial privacy in Israel. In addition, we will discuss the recently published regulation on organizations’ database security.
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 24, 2017
Class Action Against Israeli Company Offering Securities Abroad – Not in Israel
It is not uncommon for Israeli incorporated companies to seek investments abroad. In many cases, such investments are done through public offerings on international stock exchanges. Securities issued by Israeli companies are traded on the NASDAQ, the London Stock Exchange and a variety of other exchanges, including Australia. These situations, which make perfect sense from a business perspective, give rise to interesting and sometimes quite complex legal issues.
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.
April 30, 2017
Ten Golden Tips for Distribution Agreements
Distributors, agents, resellers and OEM partners all share the same commercial function of selling goods to end users. Thus, although there are significant differences between the legal statuses of each of these players, this article below treats all of them collectively as distributors.
Appointing a distributor involves significant inherent risks. The drafting of the distribution agreement may help in mitigating these risks and realizing the potential benefit of your relationship. While formulating distribution agreements you should pay special attention to the following key issues:
April 6, 2017
A New Amendment Eliminates the Need for Small Companies to Report Quarterly
An amendment to the Securities Regulations (Periodic and Immediate Reports) was promulgated in March 2017, whereby small reporting corporations shall be able to publish their financial statements on a bi-annual basis, provided that they have not issued bonds that are being held by the public. In this regard, a “small corporation” is defined in the said regulations.
March 29, 2017
Barnea & Co. Represented Viola Private Equity in an Investment in Similar Web
Barnea represented Viola Private Equity in an investment of USD 50 million in Similar Web, a leading digital market intelligence platform that provides insights for websites and applications.
March 29, 2017
New Data Security Regulations Contain New Requirements for Database Administrators
The Constitution, Law and Justice Committee recently approved the Privacy Protection Regulations (Data Security), 5767-2017, which enacts new and comprehensive norms for entities that manage or hold databases regarding data security procedures. In practice, these regulations affect many entities in the Israeli marketplace, from small businesses managing client information databases to large corporations.
March 8, 2017
The Right to Review Digital Database
Within the scope of a new directive published recently by the database registrar at the Israeli Law, Information and Technology Authority, entities, such as service-providers, that retain recordings of telephone conversations or chat correspondence with their customers will be forced to enable their customers (the subjects of the information) to also access information of this type. This according to the right of access prescribed in the Privacy Protection Law and the regulations instituted by virtue thereof.
January 15, 2017
Privacy and Data Protection Law
On 17/01 Barnea together with the ACC, will host an event on Privacy and Data Protection Law affecting employees in the workplace.We will lecture on the Israeli Privacy Aspects.