Age Verification Rules Intensify: Key Implications for Developers and App Stores

In the past year there has been a clear trend toward stricter online child protection laws, particularly in the US where a wave of multiple states has floated age-verification bills, and lawmakers at the federal level have introduced several bills to address social media and app age gating. Similarly, in the UK and EU, regulators […]

Findings From ISA Audits in Relation to Private Placements

The Israel Securities Authority (the “ISA“) published a report detailing its findings in relation to Private Placement of Securities and Funds in Israel (the “Report“). The following summarizes the ISA’s principal findings and their practical implications for the day-to-day operations of entities involved in fundraising: Classification and Registration of Offerees The ISA clarified that anyone […]

The New US Tariffs

On April 2, 2025, U.S. President Donald Trump signed an executive order imposing new tariffs on imports from all countries, including Israel. This move aims to address the ongoing U.S. trade deficit, boost domestic industry, and reduce the national debt. Key Provisions of the Executive Order General Tariff: A baseline tariff of 10% will apply […]

ICA Publication of Pending Transactions

On March 31, 2025, the Israeli Competition Authority (ICA) started to publish currently reviewed transactions on its website. The ICA’s decision to publicize decisions is an interesting shift that will allow third parties to be more informed on ongoing investigations and to challenge them while the review is ongoing.   What has changed? To date, […]

Herzog Welcomes its Newest Partner – Shai Sharvit

We are delighted to welcome Shai Sharvit to Herzog Fox & Neeman and extend our warm congratulations on his joining our Litigation Department. Shai is one of Israel’s leading international arbitration practitioners and was recently recognized in the 2025 Lexology Arbitration Index as the only Israeli ranked as a Global Elite Thought Leader. His practice […]

Did you Know? Workplace Investigations

We are pleased to present our Second Quarterly update for 2025, which delves into the important topic of Workplace Investigations. This update aims to provide valuable insights and high-level practical guidance to help you understand the complexities of conducting investigations in the Israeli workplace. Understanding the legal framework and adhering to best practices is essential […]

Draft for Public Comments – Change in Trading Days on the Tel Aviv Stock Exchange

We would like to inform you that on March 26, 2025, a draft amendment to the bylaws and guidelines of the Tel Aviv Stock Exchange (TASE) was published for public comment. Currently, trading on TASE occurs from Sunday through Thursday. This draft proposes transitioning the trading days to Monday through Friday, starting in January 2026. […]

Webinar: Employee Benefits in Israel

Join us for our upcoming webinar where our experts provide insight into the intricacies of employee benefits in Israel, featuring Liat, a senior partner in Herzog’s labour and employment law-department. Date: Monday, 28 April 2025 Time: 4:30pm-5:15pm (IST, UTC+2) Agenda: Welcome and introduction On topic discussion Q&A and closing   Why attend? Employee benefits are the […]

Update on Minimum Wage and First Extension Order in the Catering Industry

We are pleased to present you with a brief update on the recent increase in the minimum wage, the publication of an extension order in the catering industry and the changes to legal provisions affecting engagements with service providers in the catering, security, and cleaning sectors. If you have any questions about the topics covered […]

Freezing and Reducing Recuperation Payments in 2025

Last year, due to the deficit caused by the ongoing war and following a collective agreement, legislation was passed to freeze the value of recuperation days for 2024 and reduce recuperation payments to employees. Given the continued hostilities, similar provisions have been included in the recently enacted Law for Achieving Budget Targets and Implementing Economic […]

Israel Tax Authorities Publish New Position Paper on Double Trigger Acceleration

On March 11, 2025, the Israeli Tax Authority (the “ITA“) published a new position paper (1/25) (the “Paper”) in which they describe their position regarding the tax implications of acceleration of equity awards pursuant to double trigger acceleration provisions under Section 102 of the Israeli Income Tax Ordinance [New Version] 1961 (the “Ordinance“). Double Trigger […]

Fintech Regulatory Updates

We are pleased to highlight below some key regulatory developments and events from the recent months, affecting various sectors in the fintech industry, including crypto, online trading and derivatives, payments and financial services. In the weeks since President Trump’s inauguration, the US administration is undergoing a broad shift in its economic and regulatory policy, affecting […]

Roy Schöndorf on the Meaning of Plausibility in ICJ’s Provisional Measures

Roy Schöndorf, in his article, provides a comprehensive analysis of the concept of plausibility in the context of the International Court of Justice’s provisional measures. He explores the complexities surrounding the application of this standard and examines its implications for the Court’s decisions. For the full article << click here

The European Accessibility Act: Key Considerations for E-Commerce Providers

By Ariel Yosefi and Yuval Ram   In just 4 months, effective 28 June 2025, the European Accessibility Act (“EAA”) will apply across the European Union through national implementing legislation in each member state.   Scope of Application The EAA imposes harmonized accessibility requirements on a wide spectrum of products and services, including e-commerce services, […]

Publication of a Proposed Law for Regulating Securitization Transactions, 5785-2025

We would like to bring to your attention that on February 18, 2025, a Proposed Law for Regulating Securitization Transactions, 5785-2025 (the “Proposed Law”), was published in the Official Gazette of the State of Israel (Reshumot). The Proposed Law is based on the report of the Inter-Ministerial Team for the Promotion of Securitization in Israel, […]

Directive for Payment Companies Regarding the Implementation of Anti-Money Laundering Obligations Using Online Identification Technology

Following the publication of the Prohibition of Money Laundering (Identification, Reporting and Recordkeeping Duties of a Payment Company for the Prevention of Money Laundering and Terror Financing) Order, 2024 (“the AML Order”), on February 13, 2025, the Israel Securities Authority (“the ISA”) published a directive for payment companies regarding the implementation of anti-money laundering obligations […]

Did you Know? Change of Employers – Employee Transfers

We are pleased to present you with our first quarterly update for 2025, focusing on the local Israeli treatment of employee transfers during changes in employers.  Israeli Market Delivers! Despite the ongoing security situation, the local market has shown remarkable resilience. Israel’s dynamic and innovative economy continues to attract interest from both domestic and international […]

Alternative Investments in Infrastructure: Challenges and Opportunities in 2025

We are pleased to invite you to a unique morning session on Alternative Investments in Infrastructure: Challenges and Opportunities in 2025. In this event, held in collaboration with Schroders, we will explore global trends and opportunities in infrastructure investments in 2025, discuss equity and debt structures, and delve into the financial, regulatory, and legal aspects […]

New York Legislature Passes the Health Information Privacy Act

The New York Assembly and Senate have passed the New York Health Information Privacy Act (the “Act“), establishing a comprehensive framework for the processing of health data. The Act joins other state-level health privacy laws in the US, such as the Washington My Health My Data Act and the Nevada Consumer Health Data Privacy Law […]

The ITA Publishes an Updated Version of its Guidance and Safe Harbor for SAFEs

The Israel Tax Authority’s Guidance   Yesterday, following extensive discussions with leading advisors, with the participation of our firm, the Israel Tax Authority (the “ITA”) published an updated version of the guidance document originally issued on May 16, 2023, regarding the tax classification of Simple Agreement for Future Equity (“SAFE”) instruments as investment instrument for […]

January 2025 Foreign Workers Update

Immigration law is a dynamic field that frequently undergoes revisions. In this update, we review important changes of which you should be aware. They impact the entrance of foreign citizens into Israel in general, and particularly the engagement of foreign employees. Additional changes are expected in the near future, so it is important to stay […]

Recent Developments in IP Case Law on Generative AI (4th Update)

In this fourth update on IP developments concerning generative AI, we highlight three significant developments: the UK government’s new consultation on AI and copyright, California’s groundbreaking transparency requirements for AI developers, and the evolving industry approach to AI training data. We invite you to consult with us to revisit your use of data sets as […]

Update on the Industrial Sector Grant Program for Adapting to the Carbon Tax

We would like to update you that last week the Ministry of Economy and Industry published for public comments Director General Directive 4.79, regarding a grant program intended to support the industrial sector in adaptation in light of the expected increase in fuel tax – “Carbon Tax” (hereinafter: the Grant Program and the Director General […]