Amendment to the Definition of an Individual’s Tax Residency

Dear Clients, Colleagues and Friends, On July 2, 2025, the Israeli Ministry of Finance published a draft bill proposing significant changes to the definition of an individual’s tax residency. Currently, residency is determined by a qualitative “Center of Life Test” that considers personal, economic, and social ties, along with presumptions based on the number of […]

Arcadia in a winning deal with Evolution Gaming!

We are proud to have advised Arcadia Gaming Solutions (acquired by Evolution), an iGaming technology company based in Amsterdam, on its sale to Gaming Technology Group. The deal, expected to close by the end of 2024 (subject to closing conditions), includes an up-front cash consideration of $2.5 million, with an earn-out in 2027 based on […]

Operation “Am Kalvi” – Compensation Scheme for Indirect Damages to Businesses

Further to the client update we published on June 26, 2025 (click here), we would like to inform you that, in accordance with the Ministry of Finance’s proposed scheme for compensating businesses for indirect damages (click here to view the presentation), a Memorandum of Law for the Financial Assistance Program (Temporary Order – Operation “Am […]

The Fate of the Green Claims Directive Remains Unclear – but the Risks of Greenwashing Are Not

Last week the European Commission formally announced its intention to withdraw the Green Claims Directive (GCD) proposal — a key component of the EU’s anti-greenwashing framework. However, conflicting statements since then underscore the uncertainty surrounding whether the withdrawal will become final, or if a revised version of the proposed directive may still emerge. As of […]

Join us on 9th July for a webinar hosted by Herzog Law and BeZero Carbon

With global carbon markets slated for exponential growth and the recent rise in advance project investments and offtakes, increased attention is being focused on the legal treatment of carbon credits. That’s why BeZero Carbon is partnering with Herzog Law to host a live webinar, “De-risking carbon markets: Managing legal uncertainty in the treatment of carbon […]

Backing Gender Equality in Arbitration

We are excited to share that Herzog Fox Neeman has officially signed the Equal Representation in Arbitration (ERA) Pledge, reaffirming its commitment to gender diversity and inclusivity in the field of international arbitration. By joining over 5,900 signatories worldwide, Herzog takes this important step toward ensuring that women have equal representation in arbitration and equal […]

Special Update – The European Accessibility Act Guide

By Ariel Yosefi, Ido Manor & Yuval Ram   Dear clients and friends, The European Accessibility Act establishes mandatory accessibility requirements for certain digital services available to EU consumers. While it specifically names several sectors, e-commerce services are explicitly within scope – and many modern digital platforms fall under this category, even if not individually […]

Global Fund Managers Time to Rethink Your Strategy in Israel

Under Israeli law, any offering of financial products to investors in Israel requires the publication of a prospectus approved by the Israel Securities Authority (“ISA”). However, there are several exceptions to this requirement, one of which is the private placement exemption. This exemption allows offerings to a limited number of offerees (35) within a rolling […]

War and the Workplace – Further Updates

We are continuing to monitor the evolving security situation and wish to update you on its implications for workplace operations, including the current Home Front Command’s guidelines. As per the latest update, the current Home Front Command guidelines remain in effect until Tuesday evening, June 24, 2025 at 20:00, and permit operations at workplaces defined […]

Texas Enacts a Responsible Artificial Intelligence Governance Act

Texas has enacted a new act regulating the use of artificial intelligence (AI) systems, with the signing yesterday (22 June 2025) of the Texas Responsible Artificial Intelligence Governance Act. The new act joins other state-level AI laws enacted in the US in the past year, such as Colorado and Utah, alongside bills in Virgina and […]

Government Compensation for Damages: Operation “Am KeLavi” – Legal Updates

Following “Operation Am KeLavi”, significant damage has been caused to private and commercial properties across various regions of the country. In accordance with the Property Tax and Compensation Fund Law, 1961, individuals affected by direct damages may be eligible to receive compensation from the Israel Tax Authority, subject to the limitations set forth in the […]

War and the Workplace – Further Updates

As part of our ongoing updates on the evolving security situation and its impact on workplaces, we would like to share several important developments. These developments include recent regulatory and operational changes affecting workplace activity, employee rights, and visa statuses. Specifically, we cover a new general permit for overtime work, updated Home Front Command defense […]

The UK Data Protection Reform – Herzog’s Guide to the Key Changes

The United Kingdom’s parliament has approved the Data (Use and Access) Bill, which is now pending a Royal Assent, in order to become an act. In recent years, data protection in the UK has been based on and aligned with the European Union’s Geneal Data Protection Regulation. Over the years, the UK Government has decided […]

Chambers Tax Controversy 2025 Practice Guide: Israel

Herzog Fox & Neeman is proud to present the Israel chapter of the Chambers Tax Controversy 2025 Practice Guide, recently published by Chambers and Partners. This chapter provides a concise, client-focused introduction to Israeli tax law, with insights especially relevant for those facing audits, disputes, or cross-border tax questions. Written by our leading Tax team […]

Chambers Cartels 2025 Practice Guide: Israel

We are pleased to share that Herzog Fox & Neeman has authored the Israel chapter in the Chambers Cartels 2025 Practice Guide, published by Chambers and Partners. Whether you’re navigating global compliance challenges or exploring the Israeli legal landscape for the first time, this chapter offers a practical introduction to cartel regulation and enforcement in […]

Operation Rising Lion: Update Regarding War and the Workplace

We are facing challenging days, and we hope that you and your families are keeping yourselves safe. In the wake of armed conflict with Iran, and following the declaration of a special state of emergency throughout the country, the Minister of Labor issued an order regarding the application of Chapter 4 of the Emergency Employment […]

Traceloop $6.1 million Seed financing

Herzog Fox & Neeman advised Traceloop, an Israeli observability and testing platform that safeguards AI agents in production, in connection with its $6.1 million Seed financing round led by Sorenson Capital and Ibex Investors Founded by machine-learning and enterprise software veterans, Traceloop provides an end‑to‑end observability and evaluation layer—built on its open-source OpenLLMetry framework—to help developers […]

Weavy $4 million Seed financing Led by Entrée Capital, Designer Fund and Founder Collective

Herzog Fox & Neeman advised Weavy, an innovative AI-powered creative workflow platform, in connection with its $4 million Seed financing round led by Entree Capital. Founded by former Fiverr and Astria leaders, Weavy offers a unified canvas that integrates professional editing tools with AI models – empowering creative teams with reusable, brand-consistent workflows. In addition […]

Hypernative $40 million Series B financing

Herzog Fox & Neeman advised Hypernative, a leading provider of real-time threat detection and prevention for Web3, in connection with its $40 million Series B financing round led by Ballistic Ventures and Ten Eleven Ventures. Founded in 2022, Hypernative helps Web3 organizations prevent and respond to security threats before they impact protocols, users, or funds. […]

SEC Staff Issues Statement on Protocol Staking and Related Activities

By: Ariel Yosefi, Dima Zalyalyeyev & Gal Mechtinger On 29 May 2025, the US Securities and Exchange Commission’s (“SEC“) Division of Corporation Finance issued a statement providing the regulator’s views on the application of US federal securities laws to “Protocol Staking” of crypto assets on Proof-of-Stake (“PoS“) networks. While the statement does not formally alter […]

New Guidance from the ISA on Mass Marketing of Funds – Speak More, Say Less

On May 12, 2025, the Israel Securities Authority (the “ISA”) published a staff-position, confirming that fund managers may make “General Publications”, without triggering registration requirements. The ISA’s position outlines the conditions for making “general publications”, and introduces its most restrictive interpretation to date regarding the permissible content, explicitly excluding types of information that had previously […]

Registration now open: second cohort of “The New Currency: Entering the Carbon Market”

Registration is now open for the second cohort of the course “The New Currency: Entering the Carbon Market”, hosted by Ayana in collaboration with EY. Commencing May 21, 2025, this course is designed to equip a diverse range of stakeholders—buyers, sellers, and industry professionals—with a comprehensive understanding of carbon market mechanisms and regulatory frameworks, and […]

Announcing Herzog Fox & Neeman participation in the Carbon Data Open Protocol

We are thrilled to share that Herzog Fox & Neeman has joined the Carbon Data Open Protocol (CDOP) – a collaborative initiative uniting over 30 leading organizations to develop and harmonize carbon credit data across markets. In this endeavor we will be joining leading global carbon market experts and organizations including Sylvera, S&P Global Commodity […]

Section 102 Annual Report – Postponed Filing Date for 2024 Report

We are pleased to update that after extensive discussions with the Israel Tax Authority, the Israel Tax Authority published yesterday (28 April 2025) a formal guidance letter confirming that the filing date for the 2024 annual report has been extended to October 1, 2025. As you may recall and as previously reported, on January 1, […]

Privacy Rights and Use of Cameras in the Workplace

Security cameras have become commonplace in workplaces, raising concerns about the potential privacy violations for employees. Under what circumstances is the installation and use of these cameras considered legitimate?   To what extent is there a risk to privacy under these circumstances?   When, how, and to what extent must employers inform employees about the […]

De-risking carbon markets: Managing legal uncertainty in the treatment of carbon credits

Dear clients and friends, We are excited to share a new report co-authored by Herzog Fox & Neeman’s Environment and Climate Change practice and BeZero Carbon, exploring one of the biggest barriers to growth in the voluntary carbon market: the legal uncertainty surrounding the private law treatment of verified carbon credits. As equity and debt […]

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 […]