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Latest Updates / White-Collar
April 3, 2026
Bizportal: The Power of Pardon in Israel – Between Law and Morality
Adv. Hadar Israeli, a partner at our firm, was interviewed about the Israeli President’s unique authority—positioned in the delicate space between law and morality—to reduce sentences, shorten critical record periods, or even erase charges or convictions. The interview was conducted in the context of the current President’s consideration of the Prime Minister’s request for a pardon. Hadar explains how pardon applications are reviewed, outlines the professional process carried out by the Pardons Department at the Ministry of Justice, and emphasizes the need to weigh legal considerations alongside moral ones, while maintaining a careful balance between the rule of law and the protection of the public interest.
March 30, 2026
Globes: Concerns Over Insider Trading and the Challenge of Enforcement in Crypto and Prediction Markets
Adv. Hadar Israeli, a partner at our firm, spoke with Globes about a troubling new phenomenon: unusual betting patterns and extraordinary activity across financial markets and prediction platforms just moments before major policy announcements. These patterns are raising growing concerns about the potential use of non-public, insider information. Hadar explains that enforcement is especially challenging in the crypto space, where identifying the individuals behind suspicious activity is inherently difficult. With no requirement for verified user identities, a single individual can control dozens of wallets, each appearing as a separate user, significantly complicating detection and enforcement efforts.
December 25, 2025
Israel Securities Authority to Capital Market Entities: Voluntary Disclosure Certificates Do Not Relieve You of Due Diligence Obligations
In October, the Israel Securities Authority (ISA) published a directive to Tel Aviv Stock Exchange (TASE) members and trading exchanges regarding the voluntary disclosure procedure announced by the Israel Tax Authority (ITA). The directive clarifies to all entities operating in the capital market that (ITA-issued) voluntary disclosure certificates do not constitute proof that the source of funds is legitimate.
December 18, 2025
Israel Securities Authority Declines Sanctions for Failure to Report Interested Party Status
Public companies in Israel are required to disclose material information to the public and act with full transparency in compliance with the law. Within this framework, anyone deemed a “substantial shareholder” must report to the company any change in status within a designated time frame, and the company must then report that change to the public. The rationale is simple: the market must know who can influence the company and when an interested party’s status has changed.
October 20, 2025
Rami Levy Case: Redefining Personal Liability in Public Companies
Adv. Omri Oren and Adv. Hadar Israeli published an op-ed in Calcalist discussing the legal implications and governance challenges arising from the Rami Levy case, which underscores the boundaries of personal liability for CEOs and directors in public companies.
September 7, 2025
Our New Podcast Is Now Live on Spotify – Barnea on Business!
We are excited to launch our new podcast, where we translate complex legal issues into practical tools you can apply in the real world. In each episode, our firm’s partners analyze current and key topics in the business world, including corporate law, MA, regulation and ESG, labor law, real estate, taxation, capital markets, and more, demonstrate how to put legal tools into action. This podcast is designed for anyone operating at the intersection of law and business and seeking hands-on knowledge and practical insights.
July 13, 2025
Israel Competition Authority Intensifies Enforcement Measures and Indicts Schestowitz VP for a Suspected Cartel in the Food Sector
The Israel Competition Authority (ICA) conducted a thorough investigation of the S. Schestowitz Group, an Israeli company in the food and consumer goods sector, due to suspicions the company operated a cartel in the food industry in violation of the Economic Competition Law and the Law for the Promotion of Competition in the Food and Pharmacy Industries.
June 11, 2025
Israel Securities Authority Pecuniary Sanctions: Enforcement Tool or Rights Violation?
The Israel Securities Authority (ISA) has recently begun to take a clearly more aggressive approach toward administrative enforcement. Originally, pecuniary sanctions were intended to provide a swift, proportional, and efficient solution for handling relatively minor law violations in the capital market.
May 15, 2025
Trends in Law Enforcement Against Bribery and Corruption Offenses
In recent months, we have been witnessing significant changes in law enforcement efforts against bribery and corruption offenses, both in Israel and abroad. Although law enforcement trends among countries are not uniform, it appears that we may not witness a real change in the global enforcement environment, despite the dramatic change that is taking place in the United States.
May 8, 2025
Israel’s Privacy Authority Sets Strict AI Rules
In a recent op-ed in Israel Hayom, Dr. Avishay Klein from our firm comments on the draft guidelines issued by Israel’s Privacy Protection Authority to regulate the use of AI in organizations. The guidelines, set to take effect with Amendment 13 to the Privacy Protection Law in August 2025, introduce strict requirements, including a ban on using personal data without prior consent and heavy penalties for violations. While establishing clear AI standards is a positive step, the one-sided emphasis on privacy—without addressing technological complexity and business needs—may create significant challenges. Organizations are urged to begin managing technological and regulatory risks in tandem.
March 30, 2025
Trump’s Order May Refocus FCPA Enforcement on Foreign Competitors
President Trump’s recent Executive Order, which seeks to reduce enforcement of the anti-bribery and anti-corruption provisions of the Foreign Corrupt Practices Act, may be perceived as a declaration of an expected reduction in enforcement measures against American companies suspected of making unlawful payments to foreign parties in order to gain business advantages.
March 2, 2025
Legal Assistance Between States Law: A Violation of Suspects' Rights?
Recently, in an effort to intensify the fight against international crime, the Knesset passed an amendment to the Legal Assistance Between States Law, 1998, which expands authorities' powers to confiscate assets located in Israel belonging to individuals against whom criminal proceedings have been opened in foreign countries. This amendment raises critical legal dilemmas and questions regarding the rights of suspects and third parties. Adv. Shir Rozenzweig, who specializes in regulatory enforcement and white-collar crime, addresses these issues and more.
February 11, 2025
The Italian Mafia, Interpol and Unrecovered Billions: the Global Battle Over Organized Crime Money
In early January 2025, Interpol published its first Silver Notice seeking information about assets held worldwide by a senior member of the Italian mafia. The Silver Notice is the latest addition to Interpol’s suite of color-coded notices, the most well-known of which is the Red Notice seeking the arrest of wanted persons.
December 12, 2024
Insider Trading: An Interview with Adv. Hadar Israeli
About six months after an indictment was filed, Shay Lipman's trial began before the Tel Aviv District Court. Lipman, a former senior real estate analyst, is accused of profiting approximately ILS 400,000 from trading securities after being exposed to sensitive information and using insider information. As an expert in white-collar crime, Adv. Hadar Israeli was interviewed by Globes and explained the charges against Lipman, the expected penalty, and the challenges anticipated for both the prosecution and the defense.
August 28, 2024
Naveh - Mandelblit Case: Searching Computer Materials and the Treatment of Suspects' Rights
In an op-ed for Calcalist, Shir Rozenzweig addresses the rights of suspects and the lack of oversight of investigative authorities concerning searches made on computer devices.
August 4, 2024
Israel’s Money Laundering and Terror Financing Prohibition Authority Updates List of At-Risk Countries of the FATF
Following the Financial Action Task Force’s announcements, the Israel Money Laundering and Terror Financing Prohibition Authority published a list of countries and jurisdictions at high risk of money laundering, terror financing, and proliferation financing.
May 8, 2024
Significant Sanctions: Anti-Money Laundering Obligations in Israel
The Israel Securities Authority is tightening enforcement on companies, especially in the cryptographic assets sector, and is scrutinizing companies’ anti-money laundering procedures and policies and their implementation.
March 3, 2024
Israel Securities Authority: Oversight of Unsupervised Entities
In a paradoxical twist, the Israel Securities Authority also monitors unsupervised entities, to prevent them from exceeding their operational parameters without a license. Consequently, the ISA possesses the power to request documents and information from these entities, emphasizing the importance of responding honestly and comprehensively to such demands.
February 22, 2024
Risk to Israeli Entities Posed by International Sanctions – What Is the Exposure and What Are the Dangers?
The United States, the European Union, and other countries have been imposing economic sanctions on Israel for quite some time. The recent sanctions imposed on Israeli settlers suspected or convicted of committing violence against Palestinians may be a harbinger of a broad regime of sanctions that may affect business activities in Israel.
December 13, 2023
Document Subpoena from US Authorities: Critical Steps
When an individual or a corporation receives a document subpoena from the United States Department of Justice (DOJ), from a US regulatory authority like the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), or from any other law enforcement agency in the US, it is very important to know what to do next to ensure the first response serves the client’s legal interests and best defense. More importantly, the initial response must not compromise or harm the best possible legal strategy down the road.