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August 16, 2017

Risks in Boards of Directors’ Work

“How did the board approve this?” Headlines like this pop up each time it is announced the Israel Securities Authority is investigating a public company’s transactions with its controlling shareholder, such as the latest allegations of deals between Bezeq and its controlling shareholder. But the real question that should be asked is, Was the board given the right tools to perform its work?

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August 16, 2017

Dr. Zvi Gabbay talks SEC allegations against Mobileye founders with TheMarker

The US Securities and Exchange Commission (SEC) recently filed a lawsuit in a US court against an Israeli citizen and an American citizen for the use of inside information to acquire shares and options at Mobileye. The lawsuit alleges, among other things, that Mobileye's founders supplied information about the huge deal being forged between it and Intel. Dr. Zvi Gabbay, head of the Capital Markets Department at our firm was interviewed by TheMarker on the subject. He explained the differences between the enforcement process in Israel and the US and the relationship between civil enforcement by the SEC and criminal enforcement by federal prosecution.

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August 15, 2017

Adv. Ariella Dreyfuss to lecture at HUstart - The Hebrew University Entrepreneurship Center

As part of our cooperation with HUstart, The Hebrew University Entrepreneurship Center, Adv. Ariella Dreyfuss will speak today to the participants of its TIP (Trans-disciplinary Innovation Program). Ariella’s lecture will focus on the legal aspects of raising initial financing.

August 15, 2017

HR Challenges for Startups

Our Head of the Employment Department, will lecture today to entrepreneurs at advanced stages who are participating in StarTAU's entrepreneurial program. The lecture will focus on recruitment of employees and the various challenges involved in recruiting human resource professionals in start-up companies

August 13, 2017

The New Fair Rent Law – What Do You Need to Know?

In July 2017, the Fair Rent Law was enacted, an initiative of MPs Stav Shaffir and Roy Folkman. The main objectives of the New Law are to regulate the relationship between tenants and landlords and to define the minimum conditions for an apartment to be deemed “fit for dwelling.”

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August 9, 2017

The Application of Foreign Privacy Laws on Israeli Activities – Really?

One of the key privacy protection issues in Israel is whether and to what extent the activities of an Israeli company may be subject to foreign privacy protection laws. This question has become of critical importance since the enactment of the General Data Protection Regulations in the European Union.

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August 8, 2017

Monetary Authority of Singapore to Begin Regulating the Issuance of Virtual Currencies

Adv. Daniel Israeli was interviewed by TheMarker after the Monetary Authority of Singapore (MAS) announced it would begin regulating the issuance of virtual currencies (ICO). Daniel noted that Singapore has developed into a destination of sorts for ICOs, and thus the MAS' decision will certainly change the rules of the game.

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August 7, 2017

Supreme Court Precedent – Companies Have the Right to Independent Standing during a Derivative Suit

A significant precedent was handed down recently by the Israeli Supreme Court, whereby a company’s separate and independent standing must be recognized, even after a motion for a derivative suit has been approved.

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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.

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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.

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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.

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July 30, 2017

How Tech Transfer Organizations Drive Israel's Growth

Much of the research and development that goes into new technologies occurs in academic and research institutions and laboratories. But this does not in itself create the new products and processes that change the world. Rather, the technologies are transferred from these academic institutions to the companies that will develop marketable applications.

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July 27, 2017

SEC's Initial Coin Offerings ruling

The Securities and Exchange Commission (SEC) ruled that initial coin offerings are subject to the same requirements as those falling under federal securities laws. Read our interview in TheMarker.

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July 26, 2017

Adv. Ariella Dreyfuss to lecture at the Bengis Center for Entrepreneurship & Innovation

Adv. Ariella Dreyfuss will lecture today to the participants of the international program of the Ben-Gurion University Innovation Program on the topics of founder agreements, IP and investment agreements.

July 25, 2017

Barnea & Co. represented Industries Centers EOD in the acquisition of control by US company ADM

The acquisition of control by US company ADM of Israeli company Industries Centers EOD—which imports and markets animal feed, processes seeds, and stores emergency inventory for the state—has been completed. The company was represented by Advs. Micky Barnea, Yuval Lazi, Ilan Blumenfeld, Sagi Gross, and Daniel Kleinman.

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July 25, 2017

Can a deceased person's lawsuit automatically be terminated?

We were interviewed on a financial radio program regarding the fate of a lawsuit when the plaintiff passes away. We explained that the lawsuit continues via the heirs or the estate manager, who enter the shoes of the deceased. (starting at min' 9.40)

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July 25, 2017

Israel’s Sale Law Commissioner Clarifies that Urban Renewal Transactions Must Comply with Provisions of Sale Law

On July 24, 2017, the Sale Law Commissioner in the Israeli Ministry of Construction and Housing published two clarifications concerning the Sale Law and urban renewal projects.

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July 19, 2017

Adv. Ilan Blumenfeld to mentor at the Heseg Innovators Program (HIP)

Adv. Ilan Blumenfeld, a partner at Barnea, will serve on the judges' panel at the upcoming HIP presentation. The program’s entrepreneurs will present Ilan and the other mentors their ventures and receive feedback on how to improve them.

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.

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July 19, 2017

High Court Issues Interim Order on Channel 20’s Winning Bid for Knesset Channel

RGE, represented by Adv. Zohar Lande, Ronen Reingold and Adi Shoham of Barnea, petitioned the High Court of Justice over the results of a tender concerning the operation of the new Knesset channel. It requested an interim order that would prevent the agreement with Channel 20, who had won the tender. In a hearing held today at the High Court of Justice, the interim order was issued, freezing the results of the tender.

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