The Council of the European Union Adopts a General Approach to the AI Act

Following the recently increased focus of legislators and regulators globally on artificial intelligence (“AI“), the Council of the European Union (“the Council“) has adopted its position concerning the Proposal for the comprehensive European Regulation on Artificial Intelligence, also known as the “Artificial Intelligence Act” (“AI Act“). The Council’s position proposes a wide array of amendments […]

Updates to Transfer Pricing Reporting Requirements in Israel

As with most OECD countries, Israeli companies and/or PEs are required to meet the local transfer pricing requirements, which include to hold an intercompany agreement as well as a transfer pricing study. Reporting to the Israeli Tax Authorities is made under form 1385. As of December 23, 2022, this form has been amended and now […]

Happy Holidays !

Happy Holidays!

Wishing you and your loved ones health and happiness in the new year.

May 2023 be an extraordinary year!

Herzog is Pleased to Announce the Appointment of 18 New Partners

Dear Clients & Friends, We are proud and excited to present our new partners!. Each of them is a leader in their practice area and is at the cutting edge of the Israeli legal scene. The new Herzog partners are a diverse group of individuals with considerable experience and capabilities, some of whom joined the […]

Navigating Uncertain International Capital Markets for Israeli Companies

Save the date! 09:30-10:00 Gathering and networking 10:00-10:30 Current state of markets 10:30-11:15 Getting ready to go public the traditional way 11:15-12:00 Going public in non-traditional ways (Direct listings, SPACS and TASE offerings) 12:00-12:45 Issues facing public companies 12:34-13:30 Lunch and networking For registration >> click here

Clients Update – Transfer of Data to Israel from the European Economic Area

Dear Clients and Colleagues, We would like to draw your attention to that on 29 November, 2022, the Israeli Ministry of Justice has published for the public’s comments the Draft Protection of Privacy Regulations (Instructions Regarding Data Transferred to Israel from the European Economic Area), 5782 – 2022 (the “Regulations“), which set specific instructions regarding […]

Herzog acted for Oitchau Holdings Limited

Herzog acted for Oitchau Holdings Limited, a Hong-Kong company engaged, through its subsidiaries, in the development, sale and support of software and applications for real-time fraud-proof tracking and managing of employee attendance, worktime, paid time-off and other parameters, in a financing round led by its founders and with the participation of many other investors, raising […]

UK Regulator Publishes Guidance on the Use of AI

Following the recently increased focus of legislators and regulators globally on the creation of regulatory frameworks for artificial intelligence (“AI“), on 8 November 2022, the UK Information Commissioner’s Office (“ICO“) has published a guidance on the appropriate and lawful use of Artificial Intelligence (“AI”) and personal data protection for organizations (“Guidance”). The Guidance provides clarity […]

Chicago Bulls will have Plus500 as their official sponsor

It is with great pleasure that we inform you that Herzog has represented Plus500 in a multi-year sponsorship agreement, in which Plus500 shall become the official global partner of the Chicago Bulls, featuring the Plus500™ logo exclusively on the front of the team’s warmup shooting shirts and jackets and presenting Plus500 as the “Official Global […]

OpenWeb Technologies Ltd. raises 170M USD

Proud to work with OpenWeb on its exciting journey to make the new web open, better and healthier! Many thanks to our partners Yair Geva, Dafna Amster Kahn, Lior Katz, associates Dor Marinovsky, Tal Azriel and Intern Shani Bufman.

Series C financing round of Teridion technologies

We celebrate with our client Teridion the closing of the Series C financing round and the investment of $25 million by Deutsche Telekom, which has been working with Teridion Technologies Ltd. since the beginning of 2022 and plan to expand the commercial collaboration between the two companies. Teridion provides a virtual connectivity solution that allows […]

Congrats to IDE and our client Bank Hapoalim who will finance a new project

It is our pleasure to congratulate our client, Bank Hapoalim , and SMS Galillee Ltd. (part of the IDE group) on their success in the recent BAFO stage of the BOT tender for a new 100m water desalination plant in the Western Galilee. We acted for Bank Hapoalim in the approximately NIS 1.3 billion financing […]

Akeyless Security Ltd completed a very impressive $65M B financing

Congratulations to Akeyless Security Ltd for completing this very impressive $65M B financing, led by NGP Capital, with the participation of existing investors Team8 and JVP. We have no doubt that with the completion of this investment, Akeyless will continue helping organizations protect secrets, across hybrid multicloud and DevOps environments. Congratulations also to the members […]

Blockchain Innovation Meetup

We are excited to welcome you to the BNB Chain Innovation Meetup, which we will host on 30 November 2022 in our conference center at Herzog Tower. This event will bring together web3 and blockchain enthusiasts, entrepreneurs, investors, software developers, and will provide you with a unique opportunity for meeting likeminded people from the industry and creating […]

Beneath the headlines and headliners at COP27

Beneath the headlines and headliners at COP27 (The 27th Conference of the Parties of the United Nations Framework Convention on Climate Change), Israel found a place not before witnessed.  The State of Israel had its first pavilion – an impressive display of clean tech and innovation with activities continuing throughout the conference. It started the […]

The Annual Conference of the European LegalTech Association

The legal tech department of Robus presents: the ELTACon2022 – don’t miss the opportunity to take part in an international event taking place for the first time here in Israel. The annual conference of the European LegalTech Association (ELTA) will bring together representatives from Israel and around the world – partners from law firms, innovation […]

The European Commission Publishes the Draft AI Liability Directive

The European Commission (”EC”) has recently published the official proposal of the Directive on Adapting Non-Contractual Civil Liability Rules to Artificial Intelligence (”AI Liability Directive” or ”Directive”). According to the European Commission, the AI Liability Directive aims to harmonize national liability rules for damages caused by AI systems, establish broader protection for victims of AI-related […]

Climate Solutions Festival

We are proud to sponsor the Climate Solutions Festival, a year-long effort to promote decarbonization and sustainability through Israeli technologies! join Dr. Ruth Dagan, Head of Herzog’s Environment & Climate Change practice at the “The New Israeli Taxonomy For Climate Finance & Voluntary Reporting System” panel at the Climate Solutions Festival. Climate Solutions Festival | Oct […]

Navigating through the Legal and Practical Aspects of DAOs

Dear clients and friends, In the recent years, blockchain technology has begun to revolutionize a growing number of fields, including the world of finance as we know it. Today, in light of a growing interest in Web3.0 and decentralization, we witness the growing trend of Decentralized Autonomous Organizations (“DAOs“) that aims to reshape the corporate […]

Non-profit organizations will need to obtain approval from the Israel Tax Authority (VAT) to participate in government tenders as non-profit organizations

Dear friends and colleagues, On August 15, 2022, the Israel Tax Authority (“ITA”) published guidelines regarding non-profit organizations that bid to provide services in government tenders (to read the guidelines, click here). Under the guidelines, non-profit organizations will be required to obtain approval from the ITA to classify their activities in the tenders as non-profit […]

The CPRA v. the CCPA Playbook

Dear clients and friends, The California Privacy Rights and Enforcement Act (“CPRA“) enters into force on 1 January 2023. The CPRA amends the current privacy law in California (the  California Consumer Privacy Act (“CCPA“)) and introduces various material and procedural changes to the current data privacy compliance standards. While the CPRA brings the California data […]

The European Commission Published the Cyber Resilience Act Official Draft

The European Commission (“EC“) has recently published the official proposal of the Cyber Resilience Act (“the CRA“), which would regulate cybersecurity requirements for products with digital elements. According to the EC, having identified increasing risk of cybersecurity in the EU, the EC proposes to impose new requirements aiming to improve the level of cybersecurity of […]

New Regulations for the Supervision of Financial Services (Regulated Financial Services) (Exemption from the licensing obligation) 2022

Dear clients and friends, We would like to bring to your attention that on the 7th of September, the Finance Committee of the Knesset approved new Regulations for the Supervision of Financial Services (Regulated Financial Services) (Exemption from Licensing Obligation), 2022 (“Exemption Regulations” or “Regulations”) replacing the Regulations for the Supervision of Financial Services (Regulated […]

Israel: Master File Requirements Finalized; Changes to Local File

Dear Clients, Friends and Colleagues, On September 7th, the Finance Committee of the Knesset (the Israeli Parliament) finalized the approval of changes to the Israeli Tax Ordinance (the “Ordinance”) and to the Israeli transfer pricing regulations (the “Regulations”) to include Master File and Country by Country Report (“CbCR”) concepts, as well as updated other reporting […]