Proposed Legislation on Digital Assets
Dear Clients, Colleagues and Friends, The Ministry of Finance has recently published a memorandum of law (the “Memorandum”) for the amendment of the Israeli Income Tax Ordinance (the “Ordinance”) aimed at clarifying the taxation of “digital assets”. Digital assets include various types of tokens, such as cryptocurrencies like Bitcoin, which can be used for […]
The AML Order for Payment Companies and a Draft Directive Regarding Online Identification Technology
Dear clients and colleagues, On November 5, 2024, the Prohibition of Money Laundering (Identification, Reporting and Recordkeeping Duties of Payment Companies for the Prevention of Money Laundering and Terror Financing) Order, 2024 (“the AML Order”) was published in Israel’s official Gazette. The AML Order imposes designated anti-money laundering obligations on payment companies, following the addition of […]
New price tag on “gun jumping” offences
Dear Clients and Colleagues, On October 29 2024, the Israeli Competition Commissioner (the “Commissioner“) issued a decision (the “Decision“) to impose an unprecedented financial penalty on Strauss Group Ltd. (“Strauss“) at the maximum allowable rate. Strauss was fined approximately NIS 111 million (approx. USD 30 million), and Meshek Weiler Ltd. (“Weiler“) was fined around […]
Employment Agreements in Israel: must, recommended or nice to have
Employment Agreements in Israel: must, recommended or nice to have Register
The Israeli DefenseTech Innovation Day
The Israeli DefenseTech Innovation Day, led by 10D & Herzog, sponsored by NightDragon, is designed to bring together founders, innovators, and key industry leaders within the Defense sector for a day of networking, knowledge-sharing, and discussions about the challenges and opportunities in this evolving landscape. Register
FemTech: What’s in It for Us?
WOMEN IN TECH ISRAEL SUMMIT 2024 FemTech: What’s in It for Us? Let’s talk about the $117 Billion Opportunity Register
webinar – October 7 + 365
webinar October 7 + 365: A Legal Retrospective and Future Outlook As we mark one year since the October 7 Black Sabbath, we invite you to join us for a special webinar to reflect on the past year and discuss how to face the challenges ahead. Register
Fintech Regulatory Updates
By Ariel Yosefi, Eden Lang, Dima Zalyalyeyev, Yonatan Glatt and Gal Mechtinger. Dear clients and friends, 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. Our fintech and crypto team […]
Defense Tech in Times of War
Join us in exploring growth opportunities in Defense Tech and shape the future with essential regulatory strategies. Don’t miss out — Register Now!
The US Tightens Regulatory Requirements on Recurring Payments Programs
The Federal Trade Commission (“FTC“) recently announced final amendments to its trade rule, titled the “Rule Concerning Recurring Subscriptions and Other Negative Option Programs“, commonly referred to as the “Click-to-Cancel” rule. The FTC introduced the new rule as part of an ongoing effort to modernize consumer protection practices around recurring payment programs in a transparent […]
New Israeli Court Ruling Rejects Tax Authority’s Attempt to Tax Dividend Distribution Between Two Israeli Companies
Dear Clients, Colleagues, and Friends, New Court Decision Addresses Key Tax Aspects of Dividend Distribution The Tel Aviv District Court recently issued a ruling on a tax appeal filed by Oz Technologies (1972) Ltd. (the “Taxpayer“). The case concerns a notice of deficiency issued by the Israel Tax Authority (the “ITA“), asserting that a […]
Australian Jewish News – Ben Pask
“[B]ut given the nature of the firm, there are a lot of native English-speakers (including other Australians), which makes it the best place for me professionally as a corporate lawyer.” Ben Pask, a lawyer in our Corporate & Securities team who was promoted to partner earlier this year, was quoted in Bruce Hill’s piece in […]
Payoneer will be moving to its new offices in Glilot
Congratulations to our clients Payoneer on finalizing a lease agreement to move their Israel office to the 44-story Allied-BIG Tower in Glilot, Ramat HaSharon, where they will occupy a 12,000 square-meter space spanning floors 17-22 and up to 400 parking spaces. According to specialists, the estimated annual value of the transaction (including tenant improvements and […]
Silexion Therapeutics Corp Welcome to NASDAQ!
Congratulations to our client, Silexion Therapeutics Ltd., a clinical-stage, oncology-focused biotechnology company, for closing a business combination with Moringa Acquisition Corp, a publicly-traded special purpose acquisition company (SPAC). The shares of the combined company – Silexion Therapeutics Corp – began trading on Nasdaq under the ticker “SLXN”. Herzog team was led by Ory Nacht and […]
Landmark Public RMBS Transaction in Israel
Congratulations to our client Credito IPOs Ltd. for completing the first public RMBS Transaction in Israel. This groundbreaking transaction securitizes a NIS 450 million mortgage portfolio secured by first ranking security over residential properties. The senior notes received AAA.il rating from S&P Maalot and will be listed for trading on the Tel-Aviv Stock Exchange (symbol […]
INVESCO Launches New ETF on the Tel Aviv Stock Exchange
The FTSE All-World Index arrives to TASE! Our client, Invesco, has just listed its 17th ETF on the Tel Aviv Stock Exchange – Invesco FTSE All-World UCITS ETF, which is the first ETF on TASE to track the FTSE All-World Index. We congratulate Invesco for this impressive milestone, and are grateful for being able to […]
Three New ETF Registered in the TASE
Exciting News from INVESCO! We are thrilled to announce that INVESCO has recently registered three new ETFs on the Tel Aviv Stock Exchange, further solidifying their commitment to providing innovative investment options for investors in Israel! INVESCO EURO STOXX 50 UCITS ETF ACC INVESCO S&P 500 EQUAL WEIGHT UCITS ETF ACC INVESCO RUSSELL 2000 UCITS […]
$16 Million Seed Funding Round for Cytactic Cyber Management!
Congratulations to Nimrod Kozlovski, Limor Schwartz, Yoni Shrits and to the entire Cytactic team for the closing of a $16M series Seed round, led by Evolution Equity Partners Congratulations and welcome aboard are also due to Evolution Equity Partners and to GP Yuval Ben-Itzhak for joining the Cytactic family. We are confident that this partnership, […]
Global Practice Guide for Medical Cannabis & Cannabinoid Regulation in Israel 202
Exciting News! We’re proud to announce our contribution to the Chambers and Partners Global Practice Guide for Medical Cannabis & Cannabinoid Regulation in Israel 2024! In this detailed guide, we explore the complex legal and practical aspects of Israel’s evolving medical cannabis industry. Our sections cover key topics such as Market Challenges, Legal Risks, and […]
HighBridge and Gamida Cell Secure Court-Approved Creditors’ Arrangement
Congratulations to Highbridge Capital Management and Gamida Cell for their success in securing court-approved creditors’ arrangement plan. This plan will allow Gamida Cell to continue its operations as an Israeli private company, wholly owned by Highbridge. We are proud to act as Israeli counsel to Highbridge in this significant transaction. The Herzog team for this […]
Glassbox is being acquired by Alicorn
Our firm is pleased to represent Glassbox Ltd. in its acquisition by Alicorn VC for approximately USD 150 million. The parties signed a merger agreement on May 17, 2024, and will consummate the transaction after the fulfillment of a number of conditions, including receipt of a ruling from the Israel Tax Authority and approvals from […]
Tax Controversy 2024
We are thrilled to announce that our latest article on Tax Controversy has been published in the esteemed Chambers Practice Guide 2024! The piece delves into the intricate world of tax disputes, providing insights and strategies for navigating these complex issues effectively. Tax controversy can be daunting, but with the right knowledge and approach, it’s […]
NeoGames partners with Big Brazil for its Caesars Brazil brand
We are pleased to announce our involvement in the execution of a landmark transaction for our client, the Neogames group, in which Neogames signed a contract with the leading Brazilian website operator, Big Brazil. As part of this multi-year agreement, Neogames will provide Big Brazil’s Caesars brand with its integrated software solution comprising online games, […]
neogames – Congratulations on completing the sale to Aristocrat for $1.2B!
Congratulations to our long-standing client NeoGames for the completion of their sale to Aristocrat Leisure, for a consideration of approximately $1.2 Billion! This mega transaction was signed in May 2023 and closed now, and is the largest gaming transaction in Israel in the last few years. Kudos to Latham who also acted for NeoGames on […]
Funding round of 100 million dollars completed by CORO
We are so proud to continue the journey with our long term client, Coro, that announced today an impressive $100 million financing round led by One Peak (welcome aboard David Klein), with the participation of Balderton Capital, Energy Impact Partners and NEVA SGR. Congratulations to the Coro team – Guy Moskowitz, Doron Milchtaich, Carmel Domshlak, […]
Secondary Public Offering on Nasdaq by ODDITY TECH LTD.
Congratulations to our client, Oddity Tech Ltd., owner of the makeup brand, Il Makiage, and the haircare and skincare brand, SpoiledChild, on its secondary public offering on NASDAQ, of the shares of one of its major shareholders, the L Catterton fund, for approximately 240 million dollars. Our team included, the Co-Head of our Corporate and Securities […]
Adi Rozenfeld Featured in an Article on the Changes in Israel’s Medical Cannabis Market
In recent months, the medical cannabis market in Israel has undergone significant upheavals and changes. The war and its damages have led to a tremendous increase in demand for licenses issuing and the need to receive cannabis response fast. At the same time, regulatory changes promoted by legislators to ease the regulatory bureaucracy, which burdened […]
Electronic Stock Acquires CRTEAM to Broaden Global Supply Operations
Electronic Stock has recently acquired CRTEAM as part of its strategic expansion into the supply of electronic parts and circuits, both within Israel and on the international stage. This move, led by Herzog partner Eyal Bar-Zvi and lawyers Nor Abo-Ful and Koral Butbika, marks a significant step forward in Electronic Stock’s efforts to broaden its […]
Nayax closed $93 Million offering
We had great pleasure assisting Nayax Ltd. in its $93 million NASDAQ follow-on offering. At times when few companies float on Nasdaq, we are proud to have taken part in this successful Israeli offering. The underwriters of the offering were Barclays, UBS, Oppenheimer, William Blair and Keefe. The Phoenix and Active served as Israeli placing […]
Financing the Acquisition of a 24.9% Stake in Shufersal
Announcing a New Deal: Herzog Represented Israel Discount Bank in Financing Amir Group’s Acquisition of 24.9% Stake in Shufersal Ltd. for NIS 1.5 Billion. The team was led by Irit Roth and Roy Nachimzon, co-heads of the Banking and Finance Department, with Nir Miller and Itay Ben Eliyahu.
