A Fundamental Reform of the Israeli Telecommunications Licensing Regime

Dear clients and friends, We wish to update you that the Israeli Parliament has passed a comprehensive amendment (“Amendment no. 76” or the “Amendment“) to the Communications Law (Telecommunications and Broadcasting) (the “Telecommunications Law“) which fundamentally changes the existing licensing regime and establishes a completely new regulatory framework.[1]  According to a public announcement of the […]

The Criminal Information and Rehabilitation of Offenders Law-2019

Dear Clients and Friends, On 12th July 2022, after a number of amendments and delays, the Criminal Information and Rehabilitation of Offenders Law, 5779- 2019 (the “Criminal Information Law”) came into force. The Criminal Information Law cancels and replaces the earlier Criminal Register and Rehabilitation of Offenders Law, 5741- 1981.  The new Law includes a […]

New Supreme Court Decision on Parallel Imports

On July 5, 2022, the Israel Supreme Court in CA 7934/20 Jafora Tabori Ltd. v. Ben Shlush Import and Export Ltd. ruled that a parallel importer  of “Schweppes” soft drinks, which were manufactured in Ukraine by the trademark owner of the mark “Schweppes” in Ukraine, infringes the trademark “Schweppes” registered in Israel by the Israeli […]

EU Advances its Comprehensive Crypto Regulation

Last week, the European Union policymakers reached provisional agreements on two significant regulatory initiatives affecting the crypto assets sector: the Markets in Crypto-Assets (“MiCA“) Regulation proposal, and an extension of the Anti-Money Laundering (“AML“) transparency rules on transfers of funds to crypto-assets. The first provisional agreement – reached by the EU Council presidency and the […]

Standardization Updates

Dear clients and colleagues,  We would like to inform you of several updates in the field of standardization:  1. The Standardization Reform:  Background On June 1, 2022, the Standardization Reform entered into force. This reform was approved in late 2021 under the Economic Plan Law (Legislative Amendments for Implementation of Economic Policy for 2021 and […]

The Complete EU-US Data Protection Laws Playbook

Dear clients and friends, The European GDPR came into force 4 years ago, and introduced a new comprehensive data protection regime affecting companies all over the world. Until recently, the only comprehensive consumer data protection law in the United States was the California Consumer Privacy Act (“CCPA”). However, a growing number of US state legislators […]

Welcome to Israel – Traded Foreign Funds Managers

A significant step towards opening the Israeli capital market to the largest and most professional asset managers in the world! On May 25, 2020 The Israeli Knesset Finance Committee approved the amendment to the Joint Investment Trust Regulations, encouraging new foreign traded funds to be dual listed on the Tel Aviv stock exchange. Pursuant to […]

Alliance Ventures keep investing in the Israeli Automotive market

Alliance Ventures keep investing in the Israeli Automotive market. Operated by the Renault-Nissan-Mitsubishi group, the strategic capital fund is the biggest investor in otonomo’s $46 million C round. Congratulations to the Alliance team – Christian Noske and Jonathan Salomon. We are proud of the trust that Alliance has put once again in our hi-tech team […]

Our Client Coro recently completed its Series C financing round

Congratulations to Guy Moskowitz and the great team at Coro for closing $80M financing round. We are proud and honored to support Coro for many years, and specifically on this significant round that will be used to further accelerate company’s amazing growth. Balderton Capital led this round with the participation of the long-term supportive investor – JVP (Yoav Tzruya). Our partners Yoni Frider, Raz […]

Hacking the Metaverse- Key Cybersecurity Concerns & Challenges

Hacking the Metaverse | Key cybersecurity concerns & challenges

June 15 | 09:30-11:30 | Herzog Tower Although the Metaverse still evolving, you can see more and more companies storming this domain, join us for an industry leaders’ panel to hear and learn about the new Cyber risks the Metaverse may bring and how to address them. For more details & registration >> click here

Practical Insights into Commercial Arbitration in the Abraham Accords Economy

Zoom Webcast | June 21, 2022 1:00pm London | 4:00pm Dubai | 3:00pm Tel Aviv | 8:00am New York The Abraham Accords, a set of normalization agreements entered into in late 2020 by Israel, the United Arab Emirates (UAE), Bahrain, Sudan, and Morocco, are reshaping the economy of the Middle East. Commercial disputes will inevitably […]

Update regarding employment of asylum seekers from Ukraine with a B-2 visa

Dear Colleagues and Customers, We would like to draw your attention to an important Update from the Population and Immigration Authority regarding the employment of foreigners from Ukraine currently residing in Israel. According to the Update, the residence permit for foreigners holding Ukrainian passports and residing in Israel on a B-2 visa (tourist), and who […]

New Directive Regarding Returned Exports and Temporary Entry

Dear friends and colleagues, As a follow-up to our client update from February 16, 2021, we would like to update you that a new Customs procedure regarding importing goods under customs items 810 and 212, is expected to come into effect on June 1, 2022. Item 810 grants a tax exemption on the import of returned exports, and item […]

Updates to Covid-19 Regulations for Entry into Israel (May 17, 2022)

Dear Clients and Colleagues, We wanted to provide information regarding the Israeli Government’s latest changes to its policies for the entry into Israel. Effective Friday May 20 at midnight (on the night between Friday and Saturday, May 21), the following guidelines will take effect. For both Israeli citizens and non-citizens, a negative Covid-19 test will […]

ESG – Climate Change – Sustainability: Corporate Transition to the New Economy

Herzog Tower, 6 Yitzhak Sadeh St, Tel Aviv IATI is partnering with Herzog Fox Neeman on a series of workshops designed to provide practical tools for successful corporate navigation into a new global economy governed by the principles of ESG, climate change and sustainability. The series is exclusively curated to address IATI members’ global business […]

Crypto Advertising – Practical Guidelines

Dear Clients and Friends, Various regulatory aspects that apply to the offering of crypto assets and services are constantly evolving. The recent weeks also saw a growing global trend towards applying existing and new regulatory standards on advertising of cryptoassets. We are happy to share our practical crypto advertising guide, which highlights the key common requirements stemming from this […]

Client Update | Notification Obligation – Personal Data

Dear clients and colleagues,  We would like to inform you that on May 2, 2022, the Protection of Privacy Authority (the “PPA“) published a draft for the public’s comments regarding “the duty to notify of collection and use of personal data” (the “Draft“). The Draft outlines the PPA’s interpretation of Section 11 to the Protection […]

Connecticut is the Fifth US State to Enact a Comprehensive Privacy Law

Connecticut’s legislators have recently enacted a new and comprehensive privacy act, titled ‘an Act Concerning Personal Data Privacy and Online Monitoring’ (“CTDPA“). As part of a growing trend of state privacy legislation, Connecticut is now the fifth state to enact a state privacy law in absence of a comprehensive Federal privacy law, following California, Virginia, […]

EU Agrees on the Digital Services Act to Regulate Internet Platforms

The Council and the European Parliament have reached a provisional political agreement on the draft Digital Services Act (“DSA“), which is now expected to progress to its final legislative process. As previously reported in our client update, the DSA defines new standards that will govern the digital sphere and counter the dissemination of illegal and […]

Clients Update- Marking a Default Option

Dear clients and colleagues, We would like to inform you that the Consumer Protection and Fair Trade Authority (the “Authority“) has issued a directive (the “Directive“) regarding a default marking in the purchase of a product or service (the Directive is dated April 11, 2022). In accordance with the Directive, the Authority is of the […]

AML Supervisory powers proposed to be granted to the Israeli FIU over Financial Service Providers

Dear Colleagues and friends. We write to update you that on March 28, 2022 the Ministry of Justice published a memorandum of law proposing to grant the Israel Money Laundering and Terror Financing Prohibition Authority (“IMPA“), which is Israel’s financial intelligence unit (FIU), new supervisory authority over Financial Service Providers regulated under The Supervision of […]

Legislation Updates: TP Study Requirements, Master File and CbCR

Following on from our recent update, on 4 April 2022, our firm participated in the next stage of discussions, on behalf of the Israeli Bar, with the Finance Committee of the Knesset (the Israeli Parliament) with respect to the amendment of the Israeli Tax Ordinance (the “Ordinance”), as well as to the Israeli transfer pricing […]

Metaverse | A New Internet event

Metaverse | A New Internet event Together with our friends at Remagine Ventures, we hosted the “Metaverse | A New Internet” event with experts and industry leaders who shared their thoughts about the Metaverse possibilities. Expert rock stars – Liat Aaronson | Yehoshua Gurtler | Tomer Weiss our Ariel Yosefi The Startups that build the Metaverse – Anat Shperling |  Shahar Sorek and Oren Aharon And of course […]

DOJ Releases Guidance on Website Accessibility

The US Department of Justice (“DOJ“) recently published its Guidance on website accessibility under the Americans with Disabilities Act (the “Guidance). The Guidance is designed to explain how state and local governments and businesses open to the public (collectively, “Covered Entities“) can ensure that their websites are accessible to people with disabilities in accordance with […]

UK Regulators Continue Focus on Crypto Advertising

The UK Advertising Standards Authority (“ASA“) published new guidance on the application of the UK Code of Non-broadcast Advertising and Direct & Promotional Marketing (“CAP Code“) to crypto-assets (including NFTs) as well as an enforcement notice, sent to over 50 companies which advertise cryptocurrencies, instructing them to review their ads and to ensure they understand […]

EDPB Publishes Draft Guidelines on Dark Patterns in Social Media Platforms

The European Data Protection Board recently published its draft guidelines on ‘Dark Patterns’ in social media platforms (“Guidelines“). The EDPB defines “dark patterns” as “…interfaces and user experiences implemented on social media platforms that lead users into making unintended, unwilling and potentially harmful decisions regarding the processing of their personal data. Dark patterns aim to […]

Fintech Week Tel Aviv 2022 Day 3 Full Agenda

09:00 WELCOME: Gil White Managing Partner, Herzog Fox & Neeman OPENING KEYNOTE: Jon Medved Founder & CEO, OurCrowd   09:30 PANEL: Innovation through Partnerships and Collaboration: What are the emerging business models, and emerging ecosystems? Moderator: Adam Chernichaw Partner, Allen & Overy LLP Raul Shnier CTO, FinSec Innovation Lab Shoham Ben Rubi Head of International Affairs, Israel Securities Authority Mohammad Balooshi Sector Head Fintech & Innovation, Dubai International Financial Centre Neta Hamou Associate […]