Partner Gilad Majerowicz: “The involvement of Japanese conglomerates and funds in the hi-tech industry in Israel is steadily growing”
Partner Gilad Majerowicz, Head of Herzog’s Japan Practice, talked about the involvement of Japanese conglomerates in the Israeli hi-tech industry in an article on IsraelDesks. “According to the report, Japanese investments accounted for 15.8% of all foreign investment in Israel in 2021, and reached a record number of USD 2.9 billion in 2021. The numbers […]
Israeli Parliament Discusses Master File and CbCR implementation
On 9 March 2022, our firm participated on behalf of the Israeli Bar in a discussion held in 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 regulations (the “Regulations”), specifically regarding the implementation the Master File […]
How the war in Ukraine and the international sanctions affect companies in Israel
The Russian invasion of Ukraine and the sanctions on Russia have created many changes and disruptions in the global economy. More uncertainty may still arise in the short term. We invite you to a special webinar to help you understand these issues and make sense of them. Join us on Monday, March 14 at 10:30. […]
Utah Becomes the 4th US State to Enact a Comprehensive Data Protection Law
Utah’s legislators have recently enacted a new and comprehensive privacy act – the Utah Consumer Privacy Act (“UCPA“). Utah is now the fourth state to enact a state privacy law in absence of a comprehensive federal privacy law, following California, Virginia and Colorado. The law is materially similar to the abovementioned laws, and to Virginia’s […]
Our client Immunai inc. closed a major investment from Koch Disruptive Technologies as lead investor
Our client, Biotech company Immunai inc., closed a major investment from Koch Disruptive Technologies as lead investor and other new and existing investors. Immunai works to map the immune system with single-cell biology and AI to power new therapeutic discoveries, accelerate drug development and improve patient outcomes. The investment of about $215M will allow the […]
Have you asked yourself why so many flock to the UAE’s shores to do business?
5 tips on how to choose the right UAE free zone for your business Nitzan Ben-nun Tech and System senior associate @ Herzog Strategic The Abraham Accords created a rare opportunity for Israeli companies to enter into one of the fastest growing markets in the world, offering a unique eco-system that enables any business to […]
New Churidar for the health-techs: a new strategic partnership between Abu Dhabi Department of Health and the Israel Innovation Authority
Ofer Sachs, Aviv Barzilay, Dr. Louiza Chitour Ofer Sachs is CEO, Herzog Strategic Ltd. Aviv Barzilay is an Associate at Pitango Venture Capital, and formally Head of Strategy at Herzog Strategic. Dr. Louiza Chitour is heading the HealthTech program by Plug and Play Middle East It has recently been announced that the department of health Abu Dhabi (the […]
Foreign Funds Approved Stock Exchanges for the Purpose of Double Listing of Foreign Funds
Client Update – Foreign Funds Approved Stock Exchanges for the Purpose of Double Listing of Foreign Funds The Israeli Ministry of Finance has recently published a proposed amendment to the “Joint Investment Trust Regulations (Foreign Fund Unit Offerings) 2016” (the “Proposed Regulations“). If approve, the amendment will serve as a significant step towards opening the […]
Herzog’s Partners Contributed to the Employment Law Review’s Thirteenth Edition
Herzog’s Labour & Employment partners Orly Gerbi, Maayan Hammer-Tzeelon, Nir Gal, and Keren Assaf, together with partner Ohad Elkeslassy from the Commercial department, teamed up to write the Israeli chapter of the Employment Law Review: Thirteenth Edition. “The primary means for resolving employment disputes are the labour courts, parity committees (mostly established by CBAs), internal […]
Updates to Covid-19 Regulations for Entry into Israel (As of March 1, 2022)
Dear Clients and Colleagues, We would like to update you that the Israeli Government has updated and its policies with respect to entry into Israel. Effective as of March 1, 2022, it is no longer required to be vaccinated / recovered from Covid in order to be allowed entry into Israel. That is to say, […]
Top women in Israel Industry 4.0 List
Together with II4 Community, Quantum Hub and Startup Nation Central, we initiated the ‘Top women in Israel Industry 4.0 List’ to celebrate and spotlight leading women in the Industry 4.0. For the Industry 4.0 revolution to succeed, we need not only great technologies but also a cultural change, greater diversity and inclusion are critical to achieving […]
Schwarz Group has acquired Israeli Hybrid Cloud Cybersecurity Innovator XM Cyber
Schwarz Group, the world’s fourth-largest retailer and a growing force in cloud computing, has acquired Israeli Hybrid Cloud Cybersecurity Innovator XM Cyber. With the acquisition, the Schwarz Group prepares for the future challenges of IT security. Our partners Hanan Haviv, Yuval Meidar, and associate Tomer Amsalem from the Hi-Tech Department led the team that included […]
Israel Reinvents Antitrust Law (again): Memorandum of Law Proposes to Ban and Criminalize Harm to Parallel Imports
Dear clients and colleagues, On February 14, 2022, the Israel Competition Authority published the Memorandum of the Economic Competition Law (Amendment) (Removal of Barriers to Import) (Temporary Order), 2022 (hereinafter: the “Proposed Amendment“), which seeks to amend the Economic Competition Law, 1988 (“ECL“). The Proposed Amendment proposes to create new prohibitions aimed at “Direct Importers, […]
New VAT Ruling of the Districts Court – Recognizing that Credit Notices may be Issued for “Bad Debt”
New VAT Ruling of the Districts Court – Recognizing that Credit Notices may be Issued for “Bad Debt” Even if Seller Receives Proceeds of Credit Risk Insurance Dear Clients, Colleagues and Friends, Israel’s District Court has rejected the Tax Authority’s position and ruled that proceeds of credit risk insurance received in respect of the unpaid […]
Colorado’s Attorney General Issues Data Security Guidance and Remarks on Colorado’s Privacy Act
The Colorado Privacy Act (“Act“) which has passed in July 2021, made Colorado the third US state, after California and Virginia, to enact a comprehensive data protection law (see our detailed updated on the Act here). The Act will enter into force on 1 July 2023. Pursuant to the enactment of the Act, Colorado’s Attorney […]
Updates to Covid-19 Regulations for Entry Into Israel (as of Jan. 6, 2022)
Dear Clients and Colleagues, We would like to inform you that the Israeli Government has decided to change its policies regarding the entry of foreigners into Israel. Effective January 10, 2022, (the evening between Sunday and Monday) vaccinated and/or recovering foreigners from orange and green countries will be allowed entry into Israel. According to the […]
FINTECH WEEK TEL AVIV 2022
Israel’s Fintech Week is back… We are delighted to invite you to Fintech Week Tel Aviv 2022! We will be hosting the conference on its third day, 23 March 2022. Fintech Week Tel Aviv is an annual conference bringing together professionals from a host of global fintech hotspots and the financial services world to share […]
Herzog welcomes Invesco for the registration of ETFs in the Tel Aviv Stock Exchange
Herzog advises Invesco Investment Management Limited and Invesco UK Services Limited (“Invesco“) on its Dual Listing of 5 ETF’s on Tel Aviv Stock Exchange (TASE). Invesco Ltd. is an independent American investment management company that is headquartered in Atlanta, Georgia, in addition to branch offices in 20 countries. As of Dec. 31, 2021 Invesco managed $1,610.9 billion in assets […]
The UK Information Commissioner’s Office Publishes Its Standard International Data Transfer Agreement
Technology & eCommerce Regulation in the Spotlight The UK Information Commissioner Officer (“ICO“) has published the UK’s International Data Transfer Agreement (“IDTA”). Together with the IDTA, it also published an addendum (“Addendum”) to the European Union’s Standard Contractual Clauses (“New SCCs”) which came into force in September 2021, for transferring of personal data outside the […]
Our client, MESHEK ENERGY, has signed an agreement to purchase 40% of Dalia Energy Companies’ shares
Our client, MESHEK ENERGY (MSKE) – Renewable Energies, has signed an agreement to purchase 40% of Dalia Energy Companies’ shares, the owner of one of the largest private power plants in Israel at a value of NIS 3.2 billion per Dalia. Upon completion of the transaction, Meshek Energy will become one of the largest companies in the […]
Happy Lunar Year of the Tiger!
EDPB Published Draft Guidelines on Data Subject Access Rights
The European Data Protection Board (“EDPB“) published its Guidelines 01/2022 on data subject rights – Right of access (the “Guidelines“) for public consultation. The right of access to personal data is one of the data subject rights provided in Chapter III of the General Data Protection Regulation (“GDPR“), among other rights. In its Guidelines, the […]
FTC Publishes new Guidelines on Consumer Reviews and Initiates Anticipated Enforcement Actions
The Federal Trade Commission (“FTC“) has announced a settlement with Fashion Nova, LLC, an online fashion retailer, over allegations that the latter concealed negative product reviews from being posted on its website, in violation the FTC Act. Under this Settlement, the company will pay the FTC $4.2 million. This is the FTC’s first case involving […]
Changes in Israeli Merger Control Regime
Turnover Filing Threshold for Mergers Will Be Increased From NIS 10 Million to NIS 20 Million; No Abbreviated Forms, Merger Notification Forms Will Be Replaced by a Cumbersome Uniform Form; The ICA Published a Call for Input from the Public Regarding the Analysis of Conglomerate Mergers. On January 12, 2021, the Israel Parliament (the […]
Herzog represented DXC Technology in the sale of its Israeli subsidiary, Entserv Israel Ltd., to Ness Technologies
We recently represented DXC Technology in the sale of its Israeli subsidiary, Entserv Israel Ltd., to Ness Technologies (forming part of the Hilan Group) in an amount of approx. US$65 million. Entserv Israel has nearly 600 employees specializing in developing and delivering IT solutions and services in all areas of activity in the Israeli economy, […]
Herzog represented SBI in a financing round of $120M in the ONE ZERO – Digital Bank
We recently represented the Japanese financial conglomerate SBI in a financing round of $120M in the ONE ZERO – Digital Bank (formerly known as the First Digital Bank), a new Israeli artificial intelligence-based digital bank. The investment round values the bank at $320M. It is the first bank to receive a banking license in Israel […]
Congratulations to our client, VINFAST LLC for leading an investment round of up to $80 Million in StoreDot Ltd.
Congratulations to our client, VINFAST LLC, the fast-growing Vietnamese electric vehicle manufacturer, and a member of Vietnam’s largest multi-sector conglomerate, Vin Group, for leading an investment round of up to $80 Million in StoreDot Ltd., the Israeli pioneer of extreme fast charging (XFC) battery technology for electric vehicles. This investment marks the beginning of a […]
Our client IL MAKIAGE has closed a $130M secondary sale round
Oddity, the parent company of the beauty brand IL MAKIAGE has closed a $130M secondary sale round. The round, which values the company at $1.5B and elevated the company to a Unicorn status, was led by Thomas Tull, Franklin Templeton, Fidelity Management and First Light Capital Group. Since the relaunch of Il Makiage on its website in […]
Congratulations to Ariston Group and Kibbutz Sha’ar Ha’amakim on the recent completion of Ariston Holding’s acquisition of Chromagen
Congratulations to Ariston Group and Kibbutz Sha’ar Ha’amakim on the recent completion of Ariston Holding’s acquisition of Chromagen LTD! Ariston Group is a global leading player of renewable and high efficiency solutions for water and space heating, components and burners. Chromagen develops, manufactures and markets renewable hot water solutions, and is renowned for its rooftop […]
Our client, Teridion, signed a new partnership with German telecom giant Deutsche Telekom
Our client, Teridion, signed a new partnership with German telecom giant Deutsche Telekom. Teridion’s multi-cloud-based WAN as a Service solution will be added to the list of services Deutsche Telekom will offer its customers to fulfill their Enterprise needs. Teridion’s solution will ensure that Telekom’s enterprise customers enjoy reliable, fast Internet connectivity for their offices and remote employees […]
