Keren Elburg continues for another term on the Board of Trustees of the Israel Internet Association
Congratulations to Karen Elburg, head of Herzog’s intellectual property department, who has been elected to serve a second three-year term on the Board of Trustees of the Israel Internet Association (ISOC-IL).
Dr. Ruth Dagan in an interview with Corin Degani published in TheMarker
“The business sector has a central role in the transition to a decarbonized economy, a process which will accelerate over the course of the coming decade. Global carbon markets are a tremendous lever for financing projects and technologies for decarbonization. Corporations that choose to utilize carbon markets for financing the transition to the new economy […]
$42M Series B funding round for BeeHero
We are pleased to announce that our client, BeeHero, has completed a $42M Series B funding round. Convent Capital led this funding round and was joined by General Mills, Cibus Capital (formerly ADM Capital), Rabobank, MS&AD, Firstime, J-Ventures, Plug&Play, iAngels, Gaingels, UpWest, and others. With Precision-Pollination-as-a-Service, BeeHero helps customers increase crop yields and profits. Using the sensors it places inside […]
$25M convertible loan by Highbridge Capital Management
Herzog acted as Israeli counsel for Highbridge Capital Management in connection with a $25 million senior secured convertible term loan to Gamida Cell Ltd., a Nasdaq listed Israeli company. This deal required the collaborative efforts of our capital markets, banking and finance, and regulatory teams, and was led by our partners Ron Ben-Menachem and Amir Shmueli, as well as associates Mohammad […]
Cannibble signs Definitive Agreement to Acquire Eshbal Functional Foods
Congratulations to our client, Cannibble Foodtech, on signing a definitive agreement to acquire Eshbal Function foods, an Israeli gluten free food tech manufacturer, pursuant to which Cannibble will acquire all the outstanding membership interests of Eshbal in exchange for 51% of the issued and outstanding shares of Cannibble, and subject to the issuance of additional Cannibble shares […]
LEONARDO DRS completed its dual listing on Nasdaq and Tel-Aviv Stock Exchange
Congratulations to our client, Leonardo DRS Inc., a leading defense technology innovator, on completing its dual listing on Nasdaq and Tel Aviv Stock Exchange, following its successful merger with RADA Electronic Industries Ltd. This case was handled by the following Herzog team: Our partners Nir Dash, Ran Hai, Michal Herzfeld, Dr. Yuval Navot, Dr. Ehab Farah, Shachar Porat, associates Michal Gladstein, Ofri Mor, Dvir Uziel, and intern Maya Mazaltov.
Herzog is at the forefront of the climate change fight!
Herzog is taking on the climate change challenge! We recently took part in the Annual Life Sciences Industry Report published by the Israeli Association for Advanced Industries – IATI – Israel Advanced Technology Industries. In the Report, Dr. Ruth Dagan, Head of Herzog’s Environment and Climate Change Practice, together with Adv. Milly Hirschman, discuss the significant contribution of […]
Kubota investing in the Israeli Ag-Tech
Congratulations to Clarifruit for completing a $12 million A round, and to our long-term client – Kubota in Europe, for participating on another Ag-Tech investment in Israel. Covadonga, kawabata masahiro, and Peter- it was a great pleasure to working with you once again. We are proud to assist Kubota on its journey here in Israel, and strongly believe that you are a […]
Raising 2.3 billion NIS through the expansion of two bond series
An electrifying deal It was our privilege to represent the IEC – Israel Electric Corporation Ltd in a particularly successful bond issue, in which the company raised a total amount of approximately NIS 2.3 billion! It is not the first time we have accompanied IEC in public offerings, and this was certainly a large and significant […]
Our congratulations go out to our client, Fremantle, on its acquisition of a majority stake in Silvio Productions
Our congratulations go out to our client, Fremantle, on its acquisition of a majority stake in Silvio Productions, the creative driving force behind hit documentary series such as Shadow of Truth, Baby Daddy, and the Emmy-nominated Buried series. The Herzog team who advised on this transaction included our partner Adam Salkin and associate Nesimyan Adawi. For more information>> click […]
Update on Work Visas for Foreign Experts
Dear Colleagues and Customers, We would like to bring to your attention a number of important changes to the rules for employment of foreign experts that take effect as of January 2023: A. Fee Changes: Fees for work permit applications, visas for entry to Israel, and work licenses have been updated as of January 1, […]
Indirect Inputs Related to a “Meal” do not constitute Employee Benefits and are Deductible
Dear friends and colleagues, The Supreme Court rejected the state’s appeal and fully adopted the judgment of the Honorable Judge Shmuel Bornstein of the Center-Lod District Court in this matter. To the ruling of the District Court’s ruling >> Click here To the previous client update issued following the District Court’s ruling >> Click here Regulation 15A […]
Staying Ahead of the Game: Massachusetts Implements Data Privacy and Security Standards for Gambling Industry
The Massachusetts Gaming Commission (“MGC“) has recently established new rules and standards for the gambling industry in the field of data privacy and data security (regulation 205 CMR 138.00; 205 CMR 248.00; “Regulations“). The Regulations, which resemble some of the key provisions of the European General Data Protection Regulation (GDPR), would significant affect gambling and […]
Updates for 2023 on VAT in connection with Activity in Commercial Real Estate: a New Reportable Position and New Case Law
Dear clients and colleagues, With the start of 2023, we would like to inform you about the past year’s changes and updates related to Value Added Tax (VAT) in the field of commercial real estate, as follows: Reportable Tax Position A Dealer, whose annual turnover exceeds NIS 3 million, and financial institutions are required […]
LONGEVITECH TLV 2023
Leveraging Global Innovation For The Future Of Healthy Aging 13-14 February 2023 Tel Aviv Stock Exchange | Herzog Tower Welcome To The Inaugural Longevitech Tlv! The rise in life expectancy is changing the way we live, save, spend, retire and pass on wealth to the next generation. Longevity creates opportunities for ‘healthy aging’ but also comes with risks. […]
The FCC Seeks to Update and Strengthen Rules Regarding Breach Notification
The US Federal Communications Commission (“FCC“) has recently joined the emerging trend of imposing stricter rules and regulations when it comes to notification of breach incidents. On January 12th, 2023, the FCC has started a process of Proposed Rulemaking that would begin the process of strengthening the Commission’s rules for notifying customers and federal law […]
Prepare for EU’s new Regulation on Cybersecurity and Operational Resilience in the Financial Sector
By Ariel Yosefi, Dima Zalyalyeyev & Liron Adar Dear clients and friends, The EU has enacted the new Regulation on Digital Operational Resilience for the Financial Sector (“Digital Operational Resilience Act” or “DORA“). The new regulation will start to apply from 17 January 2025. Although the application date of DORA may seem as distant, the 24-months […]
Our partner Gilad Majerowicz was elected to the position of Chairman of the Israel-Japan Chamber of Commerce and Friendship Society
Congratulations to our partner and head of the Japan desk at Herzog – attorney Gilad Majerowicz, for being elected to the position of Chairman of The Israel Japan Chamber of Commerce and Friendship Society! In collaboration with the public and private sectors in both countries, the Israel-Japan Chamber of Commerce promotes trade relations and creates […]
The Israeli Energy Tech All-Stars ‘23
Are you looking for a chance to invest in something truly impactful? We are proud partners of the Israeli EnergyTech AllStars 23 – This is an opportunity like no other – not only will you be able to learn more about the newest (some never on stage) energy tech startups in Israel, but also network […]
The Annual Event for Successfully Navigating AI Startup Challenges
We are pleased to invite you to the conference “The Annual Event for Successfully Navigating AI Startup Challenges” During which we will discuss the following themes: Foundation Models and how to personalize them Ethical, Compliance and IP Challenges in AI Solutions for Startups by Startups Leveraging Digital Twin for Simulation Using Generative AI in your […]
Partners Talya Solomon and Iris Achmon’s newest article
Last week, the Competition Commissioner imposed an administrative fine on MBI Pharma Ltd., drugs importer for excessive pricing of a drug intended for the treatment of a rare metabolic condition known as Cerebrotendinous Xanthomatosis (CTX). The company was fined NIS 8 million, and two senior executives were fined NIS 614,000 each. This is the first […]
Partner Liran Barak’s Contribution to The Legal 500: Gambling Law Comparative Guide 2022
We were invited to take part in writing the Legal 500 Country Comparative Guides Israel: Gambling Law 2022. The aim of this guide is to provide its readers with a pragmatic overview of the law and practice of gambling across a variety of jurisdictions. Each chapter of this guide provides information about the current issues […]
The CJEU Provides Judgement on the Right of Access to Recipients of Personal Data under the GDPR
The Court of Justice of the European Union (“CJEU“) has recently provided its judgement on the scope of the right of access under Article 15 of the General Data Protection Regulation (“GDPR“), concerning the rights of data subject to receive information about third parties with whom their personal data was shared by the controller. The […]
The Indian Ministry of Electronics and IT Published Rules Concerning Real-Money Games
By Ariel Yosefi, On Dvori & Liron Adar On January 2nd, 2023, the Indian Ministry of Electronics and Information Technology has released draft modifications (“Draft“) to the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules (“Rules“), for public review and consultation. The Draft forms a part of India’s efforts to promote the growth […]
Ministry of Justice Opinion on the Use of Copyrighted Works for Machine Learning Purposes
The Office of Legal Counsel and Legislative Affairs of the Israel Ministry of Justice published an opinion on the use of copyright protected content for machine learning purposes. Based on the analysis of three permitted uses under the Israeli Copyright Act, 2007 (hereinafter, the “Law“) – fair use, incidental use and transient use – and […]
The Irish Privacy Regulator Imposes a €390M Fine for Behavioral Advertising Practices
The Irish Data Protection Commission (“DPC“) has announced that it imposed a fine totaling to €390M against Meta. The fines come after the DPA has concluded its decisions on two inquiries into the company’s legal bases for processing of personal data in the context of behavioral advertising. The inquiries concerned two complaints involving two of […]
Summary of a year in the fields of import legality and new positions requiring customs reporting
Dear clients and colleagues, The year 2022 brought with it many changes in the fields of import and customs. Further to our Clients Update regarding the reduction of duties and the rise of the global export tariff system (Click here for the previous update regarding this subject), we would like to bring to your attention […]
What Do You Know About Israeli employment Law?
Dear Clients and Friends, We have decided to establish a quarterly update, which will be devoted to subjects that are unique to Israeli employment law or which raise special interest for foreign employers. These updates will be kept short and informative, and will be sent on a quarterly basis (in addition to our regular client […]
Trends in Transactions Involving IIA-Funded Companies
Issues surrounding government funding from the Israel Innovation Authority (the IIA) can play an important part in M&A transactions involving Israeli technology companies. Funded companies are subject to various obligations and limitations, including royalty payment obligations and limitations on using and sharing IP globally, often influencing the structure of transactions. Below are a few specific […]
The Introduction of a New Customs Export System and the Extension of the Validity of Temporary Orders regarding Customs Duties Reductions
Dear Friends and Colleagues, We would like to bring to your attention the latest updates published by the Israeli Tax Authority regarding the introduction of a new customs export system and the extension to 15 February 2023 of the validity of temporary orders that reduce the duties on various products. The Extension of the Validity […]
