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 […]

Taxation of Transfer of Israeli Real Estate to a Trust

Dear Clients, Friends and Colleagues, We are writing to update you on two recent significant developments regarding the taxation of Trusts that hold Israeli real estate. These developments may significantly affect many trust structures that own Israeli real estate directly or indirectly, and therefore necessitate a careful review of these structures. A. In a Nutshell […]

California Legislature Passed the Age-Appropriate Design Code Act

The California legislature has recently passed unanimously by both the State Senate and Assembly the California Age-Appropriate Design Code (Assembly Bill 2273, “the Bill“). Once entered into force, the law will impose new requirements on businesses that provide online services, products or features, that are “likely to be accessed by children”, as further detailed below. […]

California Advances New Regulatory Framework for Crypto

Last week, the California State Assembly and the state Senate have passed a new bill regulating digital financial assets and related business activities (“Digital Financial Assets Law“). The bill sets new mandatory licensing as well as additional regulatory requirements for a wide range of entities operating in the crypto and other digital assets domain and […]

First Significant Enforcement Measure under CCPA Concludes with $1.2M Fine

Comprehensive privacy legislation is expanding across US states and the updated privacy law in California (the California Privacy Rights Act (“CPRA“)) is entering into force in January 2023. Meanwhile, the California’s Attorney General has announced the first enforcement settlement under the current California Consumer Privacy Act (the “CCPA“). This enforcement measure was taken after a […]

Israeli Exit Tax – from Enforcement Difficulties to Extensive Obligations on Taxpayers

Herzog’s Chairman Meir Linzen together with Partner Guy Katz and Associate Sophie Matatyaho, shared their overviews of the Israeli exit tax in the recent “Chambers Global Practice Guide”. “Under the Israeli Income Tax Ordinance (the “Ordinance”), when an Israeli tax resident (including a company and, in certain cases, a trust) ceases to be an Israeli […]

We represented Golf&Co in its take privet of Adika Style

A big congratulations goes out to our clients Golf & Co Group Ltd. (TASE: GOLF) and Adika Style Ltd. (TASE: ADIKA) on the signing of a definitive merger agreement pursuant to which Golf will acquire all of the share capital of Adika through a reverse triangular merger. The transaction is expected to close in the […]

Reality Fund acquired two office buildings in Herzliya worth an aggregate of NIS 200 million

Congratulations to our client, Reality Investment Funds, on its acquisition of two office buildings in Herzliya, worth an aggregate of NIS 200 million! Our skilled real estate team had the privilege of representing Reality Investment Funds on this large-scale and complex transaction which also included financing, and was dealt under a tight schedule. The transaction […]

Herzog represented Leumi Bank in a NIS 2.75 billion equity offering

We are very proud to represent Leumi Bank, Israel’s largest bank, in a NIS 2.75 billion equity offering. The global coordinators of the offering were Citibank, and Barclays and Jefferies acted as global co-bookrunners. Leumi Partners and Leader acted in Israel as placing agents and underwriters, respectively. Congrats to Bank Leumi on this strategic offering, […]

Leonardo DRS, Inc. signed an agreement to acquire RADA Electronic Industries

Congratulations to our client, defense technology provider Leonardo DRS, Inc., a subsidiary of the Italian defense conglomerate Leonardo, on signing an agreement to acquire RADA Electronic Industries, a leading Israeli provider of small-form tactical radars. Upon closing, RADA’s shareholders will receive 19.5% of the share capital of the combined company, giving it an implied value […]

Sovryn is selling tokens in the Sovryn network in exchange for $5 million in funds from VC firm General Catalyst and additional investors

Our fintech & crypto team assisted its client, Sovryn – a decentralized finance (DeFi) trading platform – in the latest investment in its network and its protocol development. Sovryn is governed by an online user community in the model of decentralized autonomous organization (DAOs) – a growing practice in the Blockchain and Web3 ecosystems. Assisted […]