Herzog Advises Carbyne on its Latest $100M Growth Financing Round

August 2025 – Tel Aviv – Herzog Fox Neeman is proud to have advised Carbyne, a global leader in cloud-native emergency communications and public safety technology, on its recently completed growth financing round. Carbyne provides advanced digital platforms for mission-critical environments, including emergency call centers, government agencies, and public safety operators. Its solutions leverage live […]

Herzog Acts for Cynerio in Major Cybersecurity Transaction with Axonius

July 31, 2025 – Tel Aviv – Herzog Fox Neeman advised Cynerio, the medical‑device cybersecurity innovator founded by Leon Lerman and Daniel Brodie, in its acquisition by global cyber asset intelligence leader Axonius. Transaction Overview Acquirer: Axonius, a leading platform in cyber asset intelligence. Target: Cynerio, built to secure connected clinical and medical devices in healthcare environments. Deal […]

Unpaid Leave for Employees Absent from Work During the War with Iran

Further to our update on July 2, 2025, regarding the memorandum of law outlining potential unemployment benefits for employees absent from work due to the Home Front Command’s directives during the war with Iran, we wish to inform you that the legislative process has now been completed. On July 21, 2025, the proposed outline was […]

Draft Position Paper by the Privacy Protection Authority Regarding the Appointment of DPO

On July 23, 2025, the Privacy Protection Authority (the “PPA“) published a draft position paper for public consultation regarding the appointment of a Data Protection Officer (DPO) (the “Officer” and the “Draft,” respectively). This requirement was introduced as part of Amendment No. 13 to the Privacy Protection Law, 1981 (the “Law“), which is set to […]

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

We would like to inform you that on July 21, 2025, the Knesset approved the Economic Assistance Plan Law (Temporary Provision – Iron Swords), 2025 (hereinafter: the “Law“) (click here to read the approved Law). The compensation framework is similar to the one implemented following the ‘Iron Swords’ war, such that businesses that suffered significant […]

US Landmark Stablecoin Regulation Signed into Law

On 18 July 2025, a new act stablishing the first comprehensive regulatory framework for payment stablecoins in the US has been signed into law by the President of the United States. The GENIUS Act (standing for Guiding and Establishing National Innovation for US Stablecoins) is considered as the most significant piece of legislation in the […]

Draft Order: Purchase Tax Reduction on Vehicles Imported by Indirect Importers

We would like to bring to your attention that the Ministry of Finance has published a draft order to amend the Customs Tariff and Exemptions and Purchase Tax on Goods Order, 2017 (hereinafter: the “Draft Order“) – Click here to read the Draft Order. The draft is open for public comments until August 6, 2025. […]

AI Training and Fair Use: US Federal Court Delivers a Landmark Ruling in Bartz v. Anthropic

Background In a closely watched case that could significantly impact the artificial intelligence industry, the US District Court for the Northern District of California recently ruled on copyright infringement claims against Anthropic PBC, the company behind the Claude AI system. The case involved allegations that Anthropic violated copyright law by using millions of books to […]

The Broker-Dealer Reform Moves Forward

On July 9, 2025, a Bill for the Regulation of the Engagement in Securities Trading Services, 2025 (the “Bill“) was submitted to the Knesset, following the publication of a memorandum for public comments in October 2024 (the “Memorandum“). The Bill is intended to establish, for the first time, a regulatory framework for the provision of […]

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 […]