Tennessee and Montana are Joining the Privacy Legislation Trend

The wave of comprehensive state privacy legislation in the US continues to grow, with Montana and Tennessee passing their respective bills on 21 April, joining Indiana and Iowa which also passed similar acts earlier this year. Montana’s new privacy act will enter into force on 1 October 2024, while Tennessee’s will follow on 1 July […]

Sustainable Mobility & Fleets

Join our event on sustainable mobility technologies, learn how to fundraise during challenging times and listen to LIVE startups pitch Startups Pitch LIVE on the stage  Experts panel on the challenges that sustainable mobility startups are facing Executive Key note speakers from the global market   Register now >> click here

MiCA Regulation | Herzog’s Guide to the new EU Crypto Regulatory Framework

Dear clients, colleagues and friends, The European Parliament voted last week to enact the Regulation on Markets in Crypto-Assets (“MiCA“). MiCA is expected to establish the first pan-European harmonized and comprehensive regulatory framework for crypto-assets and related services and activities. The new regulation introduces uniform requirements for the offering and market placement of different types […]

Indiana is the Next US State to Enact a Comprehensive Consumer Data Protection Act

Indiana is set to become the 7th US state to enact a comprehensive data protection law, after its legislature has passed Indiana’s Consumer Data Protection Act. The new act, modeled after the privacy legislation in Virginia, Utah, and Iowa is expected to be approved by the Governor shortly and extend privacy protections in the US. […]

What do you know about Israeli employment law? Prevention of Sexual Harassment

Dear Clients and Friends, We are pleased to present you with our second quarterly update for 2023 ! This time, we have chosen to devote our update to an issue that, unfortunately, is always relevant – prevention of sexual harassment at the workplace.  What do you know about the prevention of Sexual Harassment under Israeli […]

Labour & Employment Legal Updates

Dear Clients and Colleagues, In time for Spring, we would like to share the following recent updates in the field of Labour law: A. Increase of the minimum wage to 5,571.75 NIS, beginning April 1, 2023: The Minimum Wage Law, 5747-1987 (the “Minimum Wage Law“) establishes that employees have a right to a wage not […]

Foreign Residents’ B2C VAT Liability with respect to Importation of Digital Services to Israel – Removed from the 2023-2024 Budget Legislation

Dear friends and clients, Further to our client update from February 26, 2023, we would like to bring to your attention that, in accordance with the Knesset Committee decision of March 30, 2023, the legislation amendment regarding foreign residents’ liability to pay value-added tax for the importation of digital services will not be enacted within […]

Climate First Launch Event

Herzog and Climate Dirst  invite you to join us at the Climate First Launch Event on Thursday April 20th at 4:30 pm. More details and agenda will follow. Register here   

Corporate Startup Stars Roundtables- How International Corporates Approach Israel

Benchmarking open innovation Mind the Bridge is happy to invite you to join the Corporate Startup Stars Roundtable, our new format where top-notch innovation executives share best practices in Open Innovation and Corporate Venturing. The Roundtables are organized in the main tech ecosystems and hubs. Participating companies are selected among the Corporate Startup Stars community, […]

Congratulations CodiumAI

Herzog Tech is proud to be working with CodiumAI and its founders Itamar Friedman and Dedy Kredo, and assist them with their journey to transform code development.

Clal invests in European Hospitality Real Estate Fund launched by PPHE Hotel Group

Congratulations to our client, Clal Insurance & Finance, on joining forces with PPHE Hotel Group in connection with a new hotel fund. The Fund is scheduled to acquire hotels in city centers in Western Europe in opportunistic transactions and aims to raise a total of NIS 1 billion to implement its strategy. Thanks to our partner Itay Lavi, associates Moshe […]

Teva Pharmaceuticals Industries announced the pricing of an offering of approximately $2.49 billion senior notes

We are proud to announce a new transaction regarding debt issuance in the amount of approximately $2.5 billion! Herzog acted as Israeli counsel to Citigroup, Goldman Sachs Bank, Mizuho, MUFG and PNC Capital Markets LLC as the active joint book-running managers of a $2.5 billion sustainability-linked senior debt offering by Teva Pharmaceuticals Industries. That offering was combined […]

Investment by RAGNAR in Delek Israel Properties

We congratulate our client, Ragnar, on its investment in Delek Properties in the framework of which Ragnar will invest up to NIS 50 million in Delek Properties in exchange for the issuance of ordinary shares by Delek Properties to Ragnar. The transaction was led by partners Nir Dash and Reut Alcalay and associates Dvir Uziel and Fanny Elgrably.   For more information […]

Herzog Contributed to the Employment Law Review’s Fourteenth Edition

Herzog’s Labour & Employment partners Orly Gerbi, Maayan Hammer-Tzeelon, Nir Gal,  together with associates Keren Assaf and Naama Friedman Laish and partner Ohad Elkeslassy from the Commercial department, teamed up to write the Israeli chapter of this year’s Employment Law Review. The chapter focused on Israel’s recent changes in labour laws and discussed the New […]

Iowa Passes a Comprehensive Data Protection Law

Iowa’s House and Senate have unanimously voted to approve a new and comprehensive privacy act (“the Bill“). In the absence of a comprehensive federal data protection framework, Iowa will be the sixth state to enact a state privacy law, following California, Virginia and Colorado, Connecticut and Utah. The Bill is materially similar to the abovementioned […]

THE PRI EVENT IN ISRAEL

The IFIE, Greeneye, Value², Elah Fund & Herzog invite you to the Israel launch event for the – UN supported Principles for Responsible Investment (PRI). The PRI is the world’s leading proponent of responsible investment, with over 5300+ signatories around the world and $120 trillion AUM. Please join us for a professional workshop on how […]

FTC Issues Guidance on Marketing AI Products

Amid the recent wave of artificial intelligence (“AI“) hype in the context of various products, the Federal Trade Commission (“FTC“) has issued a guidance warning companies against overusing and abusing the AI term in marketing their products. In its guidance, the FTC notes that AI is an ambiguous term with many possible definitions, and warns […]

Proposed Changes in Real Estate Taxation under the Economic Efficiency Law

Dear clients, On Friday, February 24, 2003, the memorandum of the Economic Efficiency Law was published, which includes several proposals in the field of real estate taxation. In addition, the Government Decisions document was updated on the same day. Below are the main proposed amendments regarding real estate taxation in Israel: Relief for the activities […]

How to Comply with the EU Digital Services Regulatory Reform

Dear clients and friends, The EU Digital Services Act (the “DSA“), which will start to apply next February, will require businesses offering digital services in the European Union to comply with groundbreaking rules and responsibilities. In particular, the new requirements under the DPA will impose content moderation requirements, transparency and reporting obligations, protection from online […]

FINTECH WEEK TEL AVIV 2023

The annual gathering of the global fintech community We are thrilled to host at our Herzog Tower the Blockchain Summit, which is part of the Fintech Week Tel Aviv! Looking forward to meet fintech and blockchain entrepreneurs, investors, advisors and other crypto enthusiasts. 15 March 2023. Fintech Week Tel Aviv 2023 will take a deep dive into the […]

International payment service providers are provided access to Israeli payments systems

The Bank of Israel has issued a framework providing international payment service providers access to regulated payment systems in Israel Dear clients and colleagues, We would like to inform you that on February 28, 2023, the Bank of Israel has issued a framework providing international payment service providers access to regulated payment systems in Israel […]

Foreign Residents’ VAT Liability with respect to Importing Digital Services to Israel – New Memorandum of Law Published in the Context of the 2023-2024 Budget Talks

Dear friends and clients, We would like to update you about a new memorandum of law regarding the provision of online digital services that was published on February 15th, 2023 in the framework of the bill of Law for Economic Efficiency (Legislative Amendments to Obtain the Budgetary Goals for Budget Years 2023 and 2024), 2023. […]

Start Up – Arnona Down

Dear Clients, As one of our clients, we would be pleased to advise you and review your annual Arnona invoice, in order to explore opportunities of reducing them according to applicable law. Such a review can, in certain cases, significantly decrease the amount of the invoice. For example, according to the Arnona order issued by […]

The EU Cookie Banner Taskforce Key Takeaways

In January 2023, the European Data Protection Board (EDPB) adopted a report on the work undertaken by the Cookie Banner Task Force. The Task Force was established in accordance with the General Data Protection Regulation (GDPR), with the purpose of coordinating the response to multiple complaints concerning cookie banners which were filed with several EEA […]

Significant Proposed Change in Tax Litigation Proceedings in Israel – Taxpayers will have to Pay 30% of the Tax in Dispute upon Filing Tax Appeals in Court

Dear friends and colleagues, As part of the 2023-2024 budgetary legislation process, the Israeli Government published on February 16, 2023, a memorandum regarding a proposed requirement to pay 30% of the tax in dispute upon filing a tax appeal in court (the “Memorandum“). A similar legislative proposal, which eventually was not passed, was raised during […]

Herzog is a leading law firm in Israel

The prestigious Chambers rankings are out, and we are proud to be ranked in 15 practice areas! Banking & Finance Capital Markets Competition/Antitrust Corporate M&A Competition/Antitrust Dispute Resolution Dispute Resolution: Class Action (Defence) IT & Data Protection International & Cross-Border Capabilities Labour & Employment Projects & Energy Real Estate Startups & Emerging Companies Tax Transportation: […]

Urgent.ly Inc. acquires Otonomo Technologies

We congratulate our client, Urgent.ly Inc., for signing a merger agreement with Otonomo Technologies Ltd., an Israeli auto-tech mobility data company traded on Nasdaq (OTMO), pursuant to which, upon completion of the transaction, Urgent.ly will acquire Otonomo in consideration for Urgent.ly shares and Urgent.ly will be registered for trade on Nasdaq. Many thanks to everyone who worked on this case, our partners Nathan Wiesenberg, Nir […]