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 […]

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 […]

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 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 […]

Our client 888holdings signed a transaction for the sale of its Bingo business

888holdings plc, a leading global operator of online gambling offerings listed on the London Stock Exchange, signed a transaction for the sale of its Bingo business. The buyer, a subsidiary of Broadway Gaming, will pay a total of up to $50 million in cash, subject to post-closing adjustments and earn-out. Closing of the transaction is subject […]

Partner Adam Salkin shared his insights on UK VCs investing in Israeli tech companies

Our partner, Adam Salkin, in collaboration with Tech It Forward, has shared his insights on UK VCs investing in Israeli tech companies. This piece, published in one of the UK’s leading tech publications, Tech Round, is considered essential reading for any VCs contemplating a first-time investment in the Start-Up Nation. “…..On the one hand, the Israeli ecosystem […]

H2Pro ,the Israeli green hydrogen startup, raised $75 million in Series B round

Way to go! H2Pro, the Israeli green hydrogen startup, raised $75 million in Series B round to set up a commercial manufacturing facility, delivering utility-scale green hydrogen. The round was led by Temasek and Horizons Ventures with participation from existing investors such as Breakthrough Energy Ventures, Technion, Contrarian Ventures, TPY, iAngels, Sumitomo, Bazan, New Fortress Energy, […]

Looking Ahead: Global Changes and Employment Challenges | Live Webinar

Live Webinar | 15:00-17:00 Israel Time | 08.02.22 The Covid pandemic, paired with fast-moving technological and medical developments, have brought about a new reality which has required employers to adapt the workplace and the work environment. Employers, especially multinational companies, find themselves trying to juggle both the need to create a safe workplace while preserving […]

Congratulations to our client OpenWeb on their acquisition of the Hive Media Group

Congratulations to our client OpenWeb on their acquisition of the Hive Media Group. OpenWeb, an Israeli Unicorn engaged in building online communities around digital content has acquired Hive Media Group, a company at the cutting edge of publisher technology. We wish them success together on their journey to power online audience relationships and increase long […]

Memorandum of Law to Amend the Land Taxation Law

Dear clients and colleagues, On January 13, 2022, a legislation memorandum was published to amend the Land Taxation Law (the “Memorandum“). The Memorandum proposes to include a number of amendments to the Land Taxation Law. Among these, are a number of significant changes, especially for foreign residents who own residential apartments in Israel. It should […]

Herzog’s Hi-Tech Bootcamp- Join Now!

Join Our Bootcamp and Learn How to Become a Hi-Tech Lawyer  Herzog’s Tech Division, headed by Partner Yair Geva, is opening its first bootcamp, at no cost, to train legal practitioners  in becoming hi-tech lawyers. If you are a lawyer (no matter what field of law) with great English and the desire and motivation to […]

Global Regulatory Developments in the field of Crypto Advertising

In the recent months, regulators around the world have increased their attention to activities related to the promotion of crypto-assets and crypto-asset related services. Subsequently, regulatory authorities have introduced new enforcement policies and regulatory regimes applicable to such promotions. Only this week the regulators from Singapore, Spain and the United Kingdom have published their regulatory […]

French Data Protection Regulator Publishes Guidance on Reuse of Personal Data by Processors

Technology & eCommerce Regulation in the Spotlight The French data protection supervisory authority (“CNIL“) has recently published a new guidance on the reuse of personal data by processors for their own purposes (“Guidance“) under the General Data Protection Regulation (“GDPR“). According to the Guidance, processors may use personal data obtained from their controllers for their […]

FTC Enforces against Online Loan Broker over Misuse of Sensitive Personal Data

The Federal Trade Commission (“FTC“) has announced a stipulated settlement (“Settlement“) with ITMedia Solutions LLC and a number of its affiliates (collectively “ITMedia“), over alleged violations of the FTC Act and the Fair Credit Reporting Act (“FCRA“). Under this Settlement, ITMedia will pay $1.5 million in civil penalties. According to the FTC’s complaint (“Complaint“), ITMedia, […]

Clients update – Regulation 3 to Transfer Regulations

Dear clients and colleagues, We wish to update you that on January 4, 2022, the Protection of Privacy Authority (the “PPA”) issued a statement of opinion with respect to the interpretation of Regulation 3 to the Protection of Privacy Regulations (Transfer of Data to Databases Outside the State Borders), 5761-2001 (the “Regulations”). The Regulations prohibit […]

Entry into Force of the Tax Reform on Solvents and Lubricating Oils

Dear friends and colleagues, Further to our client updates from September 19, 2021 and November 21, 2021 regarding the pending tax reform for solvents, we would like to update that, on December 22, the reform was approved by the Knesset Finance Committee. This reform will come into force on January 17, 2022.  Accordingly, imports released […]