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December 23, 2019
Latest Developments in the Israeli Payments Market
The Bank of Israel recently led several important developments in the Israeli payments market, which are designed to encourage competition and to advance the implementation of innovative technologies.
December 22, 2019
Lee Elbaz Trial Ends with Sentencing
Our firm served along with US attorneys as representation for Lee Elbaz, the CEO of Yukom Communications, in her criminal trial in the United States. Lee was convicted of binary options fraud in August and sentenced last week. Dr. Zvi Gabbay and Adv. Hadar Israeli, who represented Elbaz from her arrest, were interviewed by the media following the sentencing in a Maryland federal court. According to them, "The degree of harshness in US prosecutorial policies and in sentences for economic offenses is infinitely higher than in Israel. "
December 18, 2019
Coffee and Fair Use: Zohar Lande Lectures at ALAI Israel Conference
Nestlé's lawsuit against Espresso Club continues to arouse great interest in the legal scene, among both law firms and copyright professionals.
Today, the Copyright Society of Israel held a workshop on meaningful judicial rulings in 2019.
As part of the event, Zohar Lande was invited to speak on “coffee and fair use” and to discuss the implications of the ruling against Nestlé on commercial companies operating in Israel.
December 17, 2019
Israel Singapore Fintech Convention
Our firm hosted today a meetup for the Israeli fintech community in collaboration with Fintech Fever and the Singapore Fintech Association. Dr. Zvi Gabbay lectured on current regulation, as well as challenges and opportunities in the field.
December 16, 2019
David Appel's Lawsuit against Michael Cherney and Zeev Rom Dismissed
The Tel Aviv District Court dismissed a NIS 239 million claim filed by David Appel against Michael Cherney and our client Zeev Rom on statute-of-limitation grounds and fined him attorneys' fees. Zeev Rom was represented by Advs. Zohar Lande and Moran Bickel from our Litigation Department.
December 16, 2019
IPO – What’s Important to Know
A private company considering an IPO should know it is a complex and long process, and one that may pose many challenges. Therefore, before deciding to undertake an initial public offering, a deep examination of the process is recommended.
December 12, 2019
Meetup for Women in Ecommerce
We hosted today a meetup for female entrepreneurs in the ecommerce field. Harel Perlmutter and Anat Even-Chen lectured to the participants on the taxation and regulatory issues that could affect them.
December 12, 2019
Representing Sartorius in the acquisition of a majority stake in Biological Industries.
Our firm represented Sartorius, a leading multinational corporation in the field of life science, research and development and biopharmaceutical industry, in a transaction to acquire a majority stake in the Israeli cell culture developer Biological Industries. Sartorius acquired the majority of Biological Industries shares by way of secondary purchase of shares from the Development Company of Kibbutz Beit Haemek and private equity fund Fortissimo Capital, in consideration for USD 50 million. In addition, as part of the transaction, Sartorius and the Development Company of Kibbutz Beit Haemek signed an option to purchase/sell additional holdings in the future.
December 11, 2019
Meetup for Real Estate Entrepreneurs on Crowdfunding
Our firm hosted today together with the crowdfunding platform Pipelbiz a meetup for real estate entrepreneurs. Dr. Zvi Gabbay lectured on raising capital for real estate projects through crowdfunding platforms. He also discussed real estate financing options, preconditions to raising money through a crowdfunding intermediary, and borrowing and investment disabilities.
December 10, 2019
Lecture on the Historical Real Estate Rights of Kibbutzim
Hagit Ben Moshe lectured today at the Land Management Forum for kibbutz officers. Hagit provided an overview of recent rulings on the historical real estate rights of kibbutzim.
December 10, 2019
Modifications to an Apartment at the Purchaser's Request Do Not Constitute Just Cause for Late Delivery of Possession
A recent judgment by the Hadera Magistrate's Court holds that modifications to an apartment made at a purchaser's request do not constitute just cause for late delivery and that the purchaser must be compensated for any delay.
December 5, 2019
Urban Renewal Authority Halts Projects Due to Improper Obtaining of Signatures
Our firm was interviewed by Globes on the Urban Renewal Authority's latest initiative to limit the addition of space in the apartments of pinui-binui projects to 12 sq. m. We explained that this reduction represents another decrease in entrepreneurs' profit, thus jeopardizing the promotion of projects in this field.
December 4, 2019
What You Should Know before Launching a Website or App
When a company is looking to start operating on-line via a website or an app, it must ensure its relationship with its users is defined not only from a marketing point of view but also from a legal perspective. Watch the video to learn more.
December 2, 2019
The Companies Registrar Rears Its Head – Financial Sanctions for Failing to File Reports
The Companies Registrar has recently increased its enforcement efforts when companies failed to submit annual reports, imposing fines amounting to a few thousand shekels on companies that do not comply with the requirements.
November 27, 2019
The End of Sanction-Free Voluntary Disclosure
The sanction-free voluntary disclosure procedure will come to a close at the end of 2019. Provided the Israel Tax Authority and the State Attorney’s Office decide not to extend this procedure, this may be the last opportunity to declare and report true income, and accordingly pay true taxes, without the disclosure being subject to criminal sanctions.
November 24, 2019
Google Permits Sports Betting Advertisements
Earlier this year, Google updated its Google Ads policy on gambling and games and announced that, as part of a limited beta launch, state-licensed gambling advertisers would be permitted to promote sports betting content within the US states New Jersey, Nevada, and West Virginia.
November 20, 2019
Seven Investment Terms Every Entrepreneur Should Know
Below are some important terms every entrepreneur should know before undertaking his or her first investment round.
November 20, 2019
Event: Urban Renewal
Our office hosted today an event on urban renewal. The event dealt with the 2019 review of the field and projections for 2020. We also hosted the chairman of the Urban Renewal Authority and held an expert panel.
November 20, 2019
Podcast: Ariella Dreyfuss for 50inTech on Femtech
Ariella Dreyfuss talks to 50inTech in a special podcast about the growing femtech industry. She discusses challenges facing entrepreneurs in the field and offers advice on how to talk to investors.
November 19, 2019
Event: The Future of Money Transfers
Our firm hosted today ACC members for a seminar on money transfers. Dr. Zvi Gabbay reviewed the regulations and guidelines that exist today in Israel and around the world on the handling of money transfers. In addition, we conducted a panel discussion addressing the challenges and opportunities facing businesses who need to know how to solve problems that may arise. Participating in the panel were Anat Even-Chen, our regulation expert; Doron Cohen, CEO of Covercy; Idit Froim, General Counsel of Colu; Yitz Raab, Managing Partner of Tzur Management; Rami Sasson, Chief Compliance Officer of Discount Bank; and Ronen Siman-Tov, CTO of IBM Blockchain World Wire.