Real Estate Investment in Poland – Opportunities in Europe’s Booming Market

Posted in Event, Real Estate

Recently, Greenberg Traurig was pleased to organize a morning seminar focused on real estate investment opportunities and trends in Poland. GT’s Tel Aviv and Warsaw offices, together with partners CBRE and Deloitte, hosted a group of more than 70 guests eager to learn about the Polish real estate market. The seminar took place in Tel Aviv and included overviews of related legal and tax issues, combined with a market analysis.

Lawrence Sternthal (Shareholder, Tel Aviv, Real Estate) delivered the opening remarks, while Agnieszka Stankiewicz (Shareholder, Warsaw, Real Estate), together with Daniel Masiar (Junior Vice President, HB Reavis), provided an insider’s view of Polish real estate transactions.

The seminar also included an industry panel discussion that addressed opportunities in the Polish real estate market for Israeli investors. Moderated by Warsaw office Real Estate Practice Shareholder Jolanta Nowakowska-Zimoch, the panel included Roy Gadish (CEO, Adgar Investments), Max Kreuter (Managing Director, Panattoni Europe), Karol Klin (Head of Leasing, Globalworth Poland), and Dominik Stojek (Director, Real Estate Group, Deloitte Tax). 

 

Adam Snukal Speaks to Jerusalem Post on Worldwide Privacy Post-GDPR

Posted in Corporate, Cybersecurity, Data protection, FinTech, Intellectual Property, Israel, Privacy and Data Security, Technology

Adam Snukal, shareholder in Greenberg Traurig’s Intellectual Property & Technology Practice in Tel Aviv, recently spoke to The Jerusalem Post on the implications and possible future effects of the EU’s General Protection Data Regulation. Read the full interview here.

30 Days to Meet New US-Specific Data Security Requirements

Posted in Cybersecurity

Israeli companies with e-commerce and other web activities reaching persons living in the United States should be aware of new Data Privacy legislation on the horizon regarding the personal information of Colorado residents.  By Sept. 1, formal data security and data disposal programs must be in place to be in compliance with the laws. Read more to understand what measures must be undertaken starting next month.

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GT Wins Motion to Dismiss for Teva Pharmaceuticals USA, Inc.

Posted in Firm News, Litigation

GT is pleased to have achieved a win on behalf of our client Teva Pharmaceuticals USA, Inc.

In May 2018, a U.S. Federal District Court Judge from the Central District of California granted Teva’s motion to dismiss in its entirety without leave to amend.

In April 2017, Plaintiffs commenced an action in California’s Riverside County Superior Court against Teva related to the anti-depressant drug Lexapro and its generic equivalent.  That original case was removed to federal court where an initial motion to dismiss was granted with leave to amend in November 2017 though the Order agreed with Teva and outlined the many infirmities of Plaintiffs’ claims allowing for an opportunity to address them in a further amendment.  After Teva raised several separate bases for dismissal, the Court finally granted the motion without further leave to amend. 

GT Team: The team included Lori G. Cohen (Shareholder, Atlanta, Pharmaceutical, Medical Device & Health Care Litigation), Ginger Pigott (Shareholder, Los Angeles, Litigation), R. Scott Mullen (Associate, Los Angeles, Litigation), and Kathryn A. Guenther (Paralegal, Los Angeles, Litigation). 

Greenberg Traurig’s Tel Aviv office is the only major international law firm with a multidisciplinary, registered office in Tel Aviv and serves as a gateway for Israeli businesses and entrepreneurs seeking opportunities around the world, as well as for clients exploring opportunities within Israel.

 

What CFOs Need to Know about the State Sales Tax Ruling

Posted in Tax, Technology

The recent Supreme Court ruling allowing states to tax online sales could result in a disruption in the operations of portfolio companies owned by private equity firms. With little time to act, chief financial officers need to know how to deal with the consequences of this decision that has significantly changed the tax landscape.

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Supreme Court Internet Sales Tax Case Will Require Many Companies to File State Corporate Income Tax Returns – Even If They Are Not Subject to Sales Tax

Posted in Tax, Technology

Although the sales tax collection obligation of online retailers was the focus of last month’s momentous U.S. Supreme Court case South Dakota v. Wayfair, it will also impact state corporate and income tax obligations. Companies may now be exposed to state income tax as a result of the Wayfair case and should examine their activities in the states and may wish to consider entering into a voluntary disclosure agreement with these states.

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California Governor Signs Consumer Privacy Act of 2018

Posted in Data protection

Governor Brown has just signed the California Consumer Privacy Act of 2018. The new law, which has numerous similarities with the EU General Data Protection Regulation (GDPR), will take effect on Jan. 1, 2020. The law was passed on an expedited schedule to block a similar initiative that had garnered enough signatures to qualify for the ballot. While the two measures have similar terms, it will be much easier for the California Legislature to amend the statutory measure than its initiative counterpart. It is expected that legislation proposing changes to the new law will be introduced early next year as part of the next two-year legislative session.

The law expands the definition of “personal information” to include a broad list of personal and commercial characteristics and behaviors, as well as inferences drawn from this information. It also provides California consumers with the ability to obtain information about the sharing and disclosure of their personal information and to prohibit such sharing or disclosure. The law affects a broad range of entities doing business in California, creating obstacles to their marketing and monetization efforts.

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Supreme Court’s Online Tax Decision Will Impact Cloud Computing and Software Industries

Posted in Tax, Technology

On June 21, the U.S. Supreme Court decided South Dakota v. Wayfair, allowing states to tax online sales even if the retailer does not have a physical presence in the state. This decision, abandoning a 26 year-old precedent (based on a case heard 25 years before that) has shaken the retail industry. This case will create new challenges for online retailers, and is being welcomed by their brick and mortar competitors. The focus of this development has been on the online sale of goods, but it will also impact the software and cloud computing industries as well, forcing this sector of the economy to also face the changed online tax landscape.

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Calcalist Features Barry Schindler on the Status of Food-Tech Industry in Israel

Posted in Mergers & Acquisitions, Technology

In a recent article (Hebrew) on the rapidly evolving food-tech industry in Israel, Barry Schindler analyzed the status of M&A in the industry, stating that food-tech companies are still very young, which is why investments tend to be smaller compared with parallel companies in the bio and hi-tech industries. He continued to say that we will be seeing more significant M&A activity with regard to Israeli food-tech companies, thanks to their significant development.

Barry J. Schindler is the co-chair of Greenberg Traurig’s Global Patent Prosecution Group and an active member of the firm’s Israel Practice. Barry works with food-tech and other technology based companies in Israel on a regular basis

 

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