Latest Updates

October 2, 2022

Barnea: Representing Pronto Diagnostics and Owners in Sale to Novolog

Sagi Gross and Dor Levi-Tam represented Pronto Diagnostics and its owners in a transaction to sell control of the company to Novolog. Pronto operates in the field of molecular genetic diagnostics.

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September 15, 2022

Real-Time Reporting of Major Data Breach Events

The Israeli Privacy Protection Authority issues instructions to report data breach events or concerns of data breach events immediately.

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September 4, 2022

In First, Company Fined for Violating California Consumer Privacy Act

Sephora, the cosmetics giant of the LVMH group, must pay a USD 1.2 million fine for failure to comply with the California Consumer Privacy Act (CCPA), after receiving a warning from the California Attorney General and time to rectify its violations.

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August 25, 2022

Informing on Cyber Risks during Sale of IoT Products

According to the Israeli Consumer Protection Authority’s draft directive, the disclosure obligation applies at all stages of a transaction, including when advertising and marketing an IoT product.

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August 25, 2022

Doing Business in Israel: Antitrust and Competition Aspects of M&A Transactions

Every foreign company considering a merger with an Israeli company (or with an international company connected to an Israeli company) must pay great attention to various elements characterizing Israeli merger control.

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August 8, 2022

Israeli Privacy Protection Authority Clarifies Scope of Duty to Inform on Collection and Use of Personal Information

The publication presents the PPA’s position on the duty to inform on the collection and use of personal data (as derived from the Privacy Protection Law), specifically highlighting the duty to inform when using algorithm-based or AI-based decision-making systems.

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August 8, 2022

EU Proposes to Regulate Companies That Receive Foreign Governments Support – How Will This Affect Foreign and Israeli Companies?

The proposed regulation grants the European Commission the power to take measures against companies operating in the European market that receive significant government support from countries that are not members of the European Union.

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August 7, 2022

Public Corporations and Public Announcements – between the Rock of Israeli Competition Law and the Hard Place of Securities Law

While the Israeli Securities Law obligates public companies to report their activities fully and transparently, the Israeli Competition Authority may prosecute them precisely for doing so.

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July 31, 2022

Israeli Supreme Court: Monopolies May Be Sued for Charging Unfair Excessive Prices

Israeli district courts have already recognized the possibility of suing a monopoly for charging an unfair excessive price, but the Israeli Supreme Court’s recognition of this cause of action ends defendants’ potential arguments for opposing this very possibility.

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July 28, 2022

Israeli Supreme Court Asserts Responsibility Is Not Necessarily Accountability

In its Euro-Trade ruling, the Israeli Supreme Court essentially allows regulatory and public authorities to act as they deem fit and to receive the court’s protection even when their actions result in substantive damages.

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July 21, 2022

Major Import Reform: Who Is Set to Benefit? Amichai Cohen Op-Ed in Jerusalem Post

As part of Israel’s economic plan for 2021-2022, a major import reform came into effect in June. This reform aims to encourage competition between Israeli manufacturers by allowing cheaper imports of products from abroad. How will the reform work and who will benefit and lose from it? Read the op-ed by Prof. Amichai Cohen, the firm’s expert advisor on international legal issues, in the Jerusalem Post.

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July 20, 2022

Crypto Custody Services and Regulation – A Review

The issue of whether a party is or is not a custodian may have far-reaching implications. Institutional investors, corporations, exchanges, individuals, and crypto miners all have strong demand for crypto custody services, as provided by special market participants.

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July 7, 2022

Guide to the ESGI

Everyone agrees ESG principles are important aspects of companies’ activities, but these principles have also received considerable criticism. This criticism is not of the principles themselves, but rather is directed against companies that exploit these principles for the purposes of public relations and image-building. Such criticism also spotlights the considerable difficulties in implementing fundamental changes in business activities.

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June 22, 2022

The Average Citizen Forced to Pay: Israeli Election’s Impact on Regulation and Labor Relations

Firm partners Netta Bromberg, the head of our Employment Department, and Anat Even-Chen, the coordinator of our regulation practice, were interviewed by Maariv on the election’s negative effects on the State budget and individuals’ pockets.

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June 16, 2022

New Israeli Directives on Cyber Risk Management and Risk Management for Regulated Financial Service Providers

CMISA recently published two new risk management circulars for financial service providers, including small entities.

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June 16, 2022

Evaluating National Security Aspects of Foreign Investments: Between National Security and Economic Uncertainty

In October 2019, Israel’s Ministerial Committee on National Security Affairs (the National Security Cabinet) decided to devise a mechanism for scrutinizing foreign investments in Israel. At the mechanism’s core is the “Advisory Board for Evaluating National Security Aspects of Foreign Investments.”

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June 13, 2022

Doing Business in Israel: Fintech

International companies and individuals seeking to expand into a new area of business or expand their international business into Israel must understand the relevant legal landscape and how it may shape their operations. In this article, we will focus on international companies in the fintech sector considering offering services in Israel or to Israeli clients.

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June 8, 2022

The Rules of the ESG Game Have Changed- Zvi Gabbay Column in TheMarker

USD 1.5 million fines, preliminary administrative proceedings, dramatic resignations—growing enforcement on ESG issues is becoming a bigger trend. Who should be preparing for this change and how will it affect Israeli companies?

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June 8, 2022

Sagi Gross Lectures to Bar-Ilan University’s Law and Environment Club

As part of our ongoing collaboration with Bar-Ilan University’s Law and Environment Club, Adv. Sagi Gross lectured to students of on the environmental aspects of MA transactions. He discussed due diligence processes, indemnity mechanisms, ESG investments, and more.

May 22, 2022

BioGenCell Completes USD 16 Million Seed Round

Our firm represents BioGenCell, a stem cell research and development company located at Laniado Hospital. The company recently announced the completion of a USD 16 million seed round investment, aided by counsel from Advs. Itay Gura and Inbar Katzir. Our firm has represented the company since its inception.

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