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May 18, 2016
Tel Aviv University nabs $50m donation
Simon Jaffa Adv. and Ariella Dreyfuss Adv. represented The Jeremy Coller Foundation in its donation of up to USD 50 million to the Tel Aviv University for its School of Management.
May 17, 2016
Micky Barnea will lecture on investment agreements
Micky Barnea will deliver a lecture to entrepreneurs tonight at TRI/O (Tech Entrepreneurship Hub) at Kfar Quasim, on investment agreements. TRI/O is a collaboration of three entities: Tsofen, an Arab-Jewish organization promoting the integration of Israel’s Arab citizens into the hi-tech industry, MIT Enterprise Forum and MEPI - Middle East Partnership Initiative , a USA fund that offers assistance, training, and support to groups and individuals striving to create positive change in Israeli society.
May 17, 2016
Tax treaty between Israel and Germany
On 21 August 2014 a new tax treaty between Israel and Germany was signed. The new treaty, which is based mainly on the model tax treaty of the OECD, introduces a number of favorable amendments (for the taxpayer) and improvements.
May 16, 2016
K.I.S.S
Entrepreneurs, you are creative and innovative, but when raising financing it is ok to follow the norm. There is no need to try and reinvent the wheel. Standard also works. I would even argue that from an investment perspective it is superior.
May 11, 2016
China-Israel Relations: What You Need to Know
China has a long-held reputation in the international community for being closed off from outsiders — a reputation that it cultivated for thousands of years. In recent decades, however, this past custom has rapidly been changing and China has become a world leader in manufacturing and production, leveraging a large population and an immense technological skill base. Today China is pushing for more growth, looking to drive innovation to launch its economy into the future. This has led to a trend of opening up to the world, and in keeping with that trend, China has begun to reach out to Israel.
May 10, 2016
Google Campus Startup School: Legal
Yuval Lazi will lecture (May 16, from 6:00 PM to 9:00 PM) at the Google Campus Startup School for entrepreneurs on 10 Annoying Legal Mistakes of Early Stage Start Ups as well as the advantages of Founders' Agreements.
Google Campus is part of a global network including Campus Tel Aviv and Campus London.
May 8, 2016
Things you need to know about stock options
How options are being used as a tool to address start-ups’ challenges in recruiting, incentivizing, and retaining quality employees.
We recently published an article on the IDC Legal Clinic for Start-ups website, reviewing the basic concepts of stock options, the process of adopting a stock option plan, and the various routes available for companies to implement it.
May 3, 2016
5 Myths About Renewable Energy
Sources of renewable energy include, among others, wind energy, solar energy, and hydroelectric energy. With different groups fighting to maintain or increase their relevance on the world energy stage, many myths about these energy sources pervade our understanding of how, and how well, they work. Five myths in particular emerge consistently, and should be overcome for you to better understand how the world is powered.
May 3, 2016
Barnea & Co. represented Azrieli Group
Barnea represented Azrieli Group in its acquisition of the eCommerce platform and activities of Buy 2 Networks Inc., a public company traded on the TASE. The acquired platform and activities provide an eCommerce platform for consumers to purchase a wide range of products.
The acquisition price is NIS 70 million. Azrieli was represented by Micky Barnea.
May 2, 2016
Securities and Exchange Commission's Staff Position - Trading Fraud - Has the Ship Sailed?
An article by Adv. Zvi Gabbay that critiques the Israeli SEC's staff position paper it issued and which details actions which may be considered as "Trading Fraud".
A short comparative review which was mentioned in the article indicates that the Israeli SEC’s staff position paper is problematic, hence it does not provide clear guidelines to the players involved in trading.
Similar positions issued in other countries lean towards providing guiding principles, as opposed to a detailed specific list of actions, as indicating fraudulent trading.
April 26, 2016
The initiative to limit executive salaries could drive away Israeli high-tech companies
The high-tech sector is concerned about the impending passing of legislation which would effectively further restrict the salaries payable to executives in the financial sector. The concern is that this legislation could be extended to apply all types of listed companies , including Israeli high-tech companies listed on venture capital markets abroad. Micky Barnea, as an experienced lawyer in the high-tech field, was interviewed by TheMarker
April 25, 2016
Barnea & Co. represented East and West Stores Ltd
Barnea represented East and West Stores Ltd, a leading importer of foods into Israel from the Far East, in a dispute concerning the use of the trade name "East and West" and its trademarks.
Following an appeal to the Supreme Court filed by our litigation department, the ruling made against the Company by the District Court ,which prohibited the Company from using the trade name "East and West" in some markets, was reversed (our firm was not involved in the District Court action).
The Supreme Court also reversed the contempt of court ruling issued against the Company.
East and West Stores Ltd. was represented by Adv. Zohar Lande and Adv. Itai Wigoda. Adv. Ilan Blumenfeld assisted on the commercial aspects.
April 21, 2016
Barnea & Co.- one of the most decorated offices according to TheMarker
In an article on the best decorated offices, The Marker Real Estate magazine chose Barnea as having one of the most beautiful law firm offices.
April 20, 2016
5 Steps to Increase Sales for Commerce Sites
E-Commerce sites of both B2C and B2B oriented businesses still remain a positive growth vector across many industries and concerns. This will continue as more and more locations are provided with access to the Internet and as the bandwidth available correspondingly increases. However, the rising traffic is only one small factor in increasing overall e-commerce sales.
April 18, 2016
Dr. Zvi Gabbay and his team are joining Barnea & Co.
Dr. Zvi Gabbay, who was previously head of administrative enforcement at the Israel Securities Authority, will be joining our firm with five lawyers from his team. Micky Barnea commented to Globes regarding this expansion "together we create integrated capabilities that can handle a variety of challenges that the world of public companies and financial regulation present".
April 17, 2016
Adv. Yuval Lazi to represent Barnea as a judge on "Demo Day"
Adv. Yuval Lazi will participate tomorrow as a judge at the final event of the Startau elite entrepreneurship program "demo day".
This program is a unique acceleration program intended for young entrepreneurs, whose involvement in the program commences at concept stage. The program gives these young entrepreneurs the tools and knowledge to advance the concept to the point where it is ready for investment within three months.
Among the judges will be Samsung Venture Invesment, Krypton Venture Capital and Deutsce Telekom.
April 12, 2016
A New Guidelines Issued by the Israeli Tax Authority
The Israeli newspaper TheMarker interviewed our head of internet department, to discuss the new guidelines issued by the Israeli Tax Authority, according to which shall begin collecting VAT and income taxes from foreign companies which conduct substantial business over the internet in Israel, such as Facebook and Google.
April 12, 2016
Legal Business: Israel 2016
The Legal Business magazine has dedicated its April edition to Israel, with a focus on current topics and trends in the country. Simon Jaffa was interviewed regarding Israel's high- tech industry.
April 12, 2016
Taxation of E-commerce: Israeli Tax Authority Issues New Circular
A few weeks ago, the ITA published a new circular which provides guidelines for the taxation of foreign corporate entities operating in Israel via the internet
April 11, 2016
China's Fosun to buy Dead Sea cosmetics
Yesterday, the signing ceremony of the Share Purchase Agreement for the sale of Ahava Dead Sea Laboratories Ltd. to Fosun (China), for approximately NIS 290 million, was held in Jerusalem. Micky Barnea, Ariella Dreyfuss and Itay Gura from our firm represented Kibbutz Mitzpe Shalem, one of the selling shareholders.