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February 12, 2017
Foreign Companies are Immune to Private Antitrust Enforcement in Israel
Despite the growing sensitivity to violations of the competition laws and the uptrend in the imposition of stricter penalties by the authorities in respect thereof, business managers and consumers who have fallen victims to competition-law offenses in Israel hesitant in instituting civil proceedings against offenders.
February 12, 2017
Barnea & Co. will accompany Accelerator Frankfurt Spring Program
The Accelerator connects Startups with Financial Institutions. Barnea Co is the firm which will provide legal services in Israel to the startups attending the Program in Frankfurt. On 12th February we will be holding an introductory event at which the Accelerator will describe the nature and aims of the Program and Micky Barnea will discuss the challenges for startups heading abroad. The event will be take place at Barclay's Techstars Accelerator.
February 12, 2017
Shufersal Sets its Sights on Drug Store Chain New-Pharm
Adv. Ilan Blumenfeld, Partner in the Antitrust department at Barnea was interviewed by The Marker following Shufersal, Israel's largest supermarket chain’s announcement that it is in the early stages of examining the possibility of acquiring local drugstore chain, New-Pharm Drugstores. Ilan commented that in the event that Shufersal acquires New Pharm, the Antitrust Authority will have to approve the deal by examining the market power of the merged entity.
February 8, 2017
Head of Deutsche Bank Israel Detained on Suspicion of VAT Offenses
Adv. Harel Perlmutter, Head of the Tax department at Barnea, was interviewed by Tax Analysts following the arrest of the chief executive of Deutsche Bank's operation in Israel on suspicion of violating VAT law. The Israel Tax Authority claims that the customers, in respect of whom Deutsche Bank reported its transactions as being zero rated, allegedly because they were conducted on behalf of “foreign residents”, were actually Israeli residents. Harel commented that it is often difficult to determine whether someone is a foreign tax resident.
February 7, 2017
The CEO of Kitov Pharmaceuticals was Investigated by the Israeli Security Authority on Suspicion of Fraud and False Reporting
Adv. Zohar Lande and Moran Bickel from the Litigation Department at Barnea represented the CEO of Kitov Pharmaceuticals at a hearing in the Tel Aviv Magistrates Court relating to his release from detention, subject to certain restrictive conditions.
February 6, 2017
Taxation Factors for Operations Over the Internet
The explosion of e-commerce in the last 15 years has made it easier than ever to manage the logistics of doing business in multiple countries. The global reach it creates, though, has spawned a litany of tax questions. You need to determine which jurisdictions have the authority to tax you and your business activity and what taxes apply. Your physical location and your end-customer locations can impact what you pay to whom, but other factors might also apply. Managing this process is critical to your continued e-commerce operations.
February 5, 2017
Considering Bitcoin an Asset Could Set Back Usage in Israel
Adv. Harel Perlmutter, Head of the Tax Department at Barnea, was interviewed by Bitcoin.com regarding the Israeli Tax Authority’s (ITA) draft on digital currencies. Harel commented that the draft circular is a declaration of intent from the ITA and at this stage no draft legislation has been published.
February 5, 2017
Doing Business in Israel – Practical Law
Doing Business in Israel? A QA guide to doing business in Israel written by Barnea was published in the Practical Law website. The guide gives an overview of the legal system, foreign investment, regulation, and other issues pertaining to Israel.
February 5, 2017
Eliezer Fishman Is Not Alone: Every Year 19 Thousand Israelis Declared Bankrupt
Our Litigation Department was interviewed by Maariv's "The Weekend" following Eliezer Fishman's declaration of bankruptcy. We noted there are ways to prevent the loss of all family assets, even in the event of bankruptcy, and to avoid involving the family assets with business assets.
February 2, 2017
AtoBe – Azrieli College of Engineering Startup Accelerator
Adv. Harel Perlmutter, Head of the Tax Department at Barnea, lectured today on taxation of startups at the AtoBe – Azrieli College of Engineering Startup Accelerator.
February 2, 2017
Tamid IDC Pitch Event
Adv. Yuval Lazi, Partner in the Technology Department at Barnea, participated as a judge at Tamid's Pitch Event. Tamid is part of the Interdisciplinary Center (IDC) Herzliya program that connects American students with the Israeli economic landscape.
February 1, 2017
Barnea & Co. Represents Real Estate Agent, Roni Mana and his Agency
Adv. Zohar Lande and Adv. Gal Livshits from the Litigation Department at Barnea are representing real estate agent, Roni Mana, and his agency, in a lawsuit filed at the Tel Aviv District Court against Arena Star Group Ltd, controlled by Marcus Weber, and the CEO, Michael Fuchs, for failure to pay brokerage fees in the amount of NIS 5.88 million.
January 31, 2017
Loans Guaranteed by the State for Social NPO’s (With No Personal Guarantee)
For the first time, social NPO’s can enjoy attractive, convenient loan terms guaranteed by the State for funding an investment or working capital in the NPO, and without providing a personal guarantee.
January 31, 2017
International Taxation – New Draft Bill Will Require Foreign Companies to Report and Pay Tax in Israel
The Israel Tax Authority (“ITA”) is promoting legislation that will require foreign companies not subject to the Israeli tax regime today to report and even pay tax in Israel.
January 31, 2017
Barnea & Co. is hosting a delegation from Germany
Barnea is hosting today a delegation from Germany, who will be visiting Israel for the first time in order to look for investment and cooperation opportunities, mainly in the real estate and insurance tech fields.
January 30, 2017
Roundtable with VC's Investing in Cyber Security
Barnea will host today, together with Israel-America Chamber of Commerce and the BIRD Foundation, a roundtable meeting with Mr. Kevin Stine, Chief of Applied Cybersecurity Division at NIST (The National Institute of Standards and Technology), an agency of the US Department of Commerce. The roundtable will include senior managers of Israeli VC’s community and Cyber Security startups.
January 26, 2017
Dr. Zvi Gabbay Participated in a Panel Discussion on the Subject of Administrative Enforcement in Haaret'z "Echad Haa'm"
Dr. Zvi Gabbay, Partner and Head of the Capital Markets at Barnea, participated in a panel discussion on the subject of Administrative Enforcement in Haaret'z "Echad Haa'm", the magazine of the Public Companies Association. The panel discussed the implications of administrative enforcement on the market and on the levels of corporate governance and conduct of companies. (In Hebrew. Pages 16-21)
January 25, 2017
Navigating Anti-Spam Legislation
Spam consists of unsolicited text messages, email messages, faxes or auto-dial calls that are sent for commercial purposes. Due to the ease and low cost in which e-mails can be sent, e-mails are the main focus of any discussion concerning spam. In Israel and around the world, preventing unsolicited e-mails has gained attention as creating serious privacy concerns – in connection with the sending of unsolicited e-mails as well as in connection with the manner in which the e-mail addresses are gathered for the purpose of sending the e-mails. In order to tackle these issues, laws against spam were enacted across the world.
January 25, 2017
Barnea & Co. hosted a delegation from Singapore
Barnea hosted this week a delegation from Singapore which was invited to Israel by Startau, Tel Aviv University Entrepreneurship Center. The delegation held a series of meetings with leaders of the technological and entrepreneurial environment in Israel.
January 25, 2017
Seminar on the New Multiple Housing Taxation Law
Barnea is conducting on February 14th a morning seminar on the new Multiple Housing Taxation Law. Adv. Maya Zisser, Partner at the Real-Estate Department will lecture on the new tax - to whom does it apply, the tax rate, payment methods, exemptions and credits. Adv. Harel Perlmutter from the Tax Department will lecture on tax saving opportunities in respect of rental income.