Roadshow Event by Calcalist & Poalim Hi-Tech
Looking for the one? Top leading venture capital in Israel are looking for their next investment, and you have the chance to meet them. We are happy to host the unique Roadshow event, organized by Calcalist and Poalim Hi-Tech. Monday 06/12/2021 | 09:00-13:00 | Herzog Tower For more information and applications >> click here
Crypto Regulatory Updates
Dear clients and friends, We are pleased to highlight below some key regulatory developments related to the regulation of cryptocurrencies and cryptoassets in various jurisdictions from the recent weeks. We will be happy to further review and elaborate on each of these updates, their implications and any other questions you may have. Kind regards, Ariel […]
Recommendations of the International Taxation Reform Committee
Dear Clients, Colleagues and Friends, We would like to update you that the Israel Tax Authority Committee for International Tax Reform, headed by CPA (Advocate ) Roland Am Shalem, has submitted its recommendations to the Director of the Israel Tax Authority (the “Committee” and the “Committee Report” respectively). The Committee Report was prepared by the […]
Success Stories – Private Canadian Investments in Israeli Tech Companies
Canada Israel Chamber of Commerce, in cooperation with Bennett Jones and Herzog, Fox and Neeman, is proud to invite you to our next event! Join us on November 23, 2021 for the Maple & Honey Forum and Canada-Israel Chamber of Commerce special presentation on Success Stories – Private Canadian Investments in Israeli Tech Companies. This […]
With a View to the Future: Adjustments to AML Requirements on the Financial Sector in the Digital Age
Dear Clients and Colleagues, In recent years we have witnessed a flourishing of technological innovation in the financial sector. This trend is reflected in the services offered by both traditional and new financial entities in their day-to-day operations, and in the increasing transition to the use of online financial services. In light of these developments, […]
The Anti-Money Laundering Authority Reporting Guidelines for Financial Assets Service Providers and Credit Service Providers
Dear Clients and Colleagues, On October 20, 2021, Israel’s Money Laundering and Terror Financing Prohibition Authority (“IMPA”) published its reporting guidelines for Financial Asset Service Providers and Credit Service Providers (the “New Reporting Guidelines”). The New Reporting Guidelines were published as a complementary step to the Prohibition of Money Laundering (Identification, Reporting and Recordkeeping Duties […]
China’s New Data Protection Law Enters into Effect and Further Regulations are Expected
China’s new sweeping data protection law – the Personal Information Protection Law (hereinafter “PIPL“) has entered into force on 1 November 2021. The Cyberspace Administration of China (“CAC“) will enforce this new law and is expected to enact further regulations, including with regard to international data transfers, as elaborated below. Similarly to other key data […]
Congratulations to our client Augury for securing $180 million in a new funding round
Huge congratulations to our long-standing client, Augury, the leading Industrial IOT and AI-driven Machine Health solution provider, for securing $180 million in a new funding round and bringing its valuation to over $1 billion! The Series E round was led by Baker Hughes, a global leader in energy technology, and includes participation from new investor […]
Congratulations to our client Autobrains, for raising $101 million in Series C funding
Huge Congratulations to our long-standing client, Autobrains, a developer of first-of-its-kind self-learning artificial intelligence technology for assisted and autonomous driving, for raising $101 million in Series C funding. The round was led by Singapore-based global investment leader, Temasek New and existing investors also participated in the round, including Knorr-Bremse AG, VINFAST LLC, BMW Group, and Continental. Our partners Hanan Haviv and Dan […]
VC fund Stardom Ventures has recently held its final closing, having raised commitments of USD 65 million
VC fund Stardom Ventures has recently held its final closing, having raised commitments of USD 65 million from different institutional entities, media companies and private investors. The fund has been operating since 2016 and invests in Israeli start-ups in the media sector and in growing Israeli technologies. The fund was formed in cooperation between the […]
Proposed Legislation Offers Tax Benefits to High-Tech Companies and High-Tech Investors
Dear Clients, Colleagues and Friends, The Ministry of Justice of the State of Israel recently published a memorandum for a new law to incentivize the Israeli high-tech industry (the “Memorandum“). The proposed legislation aims to strengthen the Israeli high-tech industry by way of extending certain tax benefits to Israeli high-tech companies and investors in such […]
The final rules for foreign nationals to enter Israel as of November 1st
Dear Clients and Colleagues, We are pleased to inform you that the final rules for foreign nationals to enter Israel as of November 1, 2021, was published today. According to the new rules, vaccinated foreign nationals will be permitted to enter into Israel, subject to the following terms and conditions: 1. Cumulative threshold conditions The […]
French Supervisory Authority Publishes White Paper re Means of Payment and Payment Data
The French data protection supervisory authority (“CNIL“) has recently published a new white paper on payment data and means of payment (“White Paper“). The area of means of payment is experiencing significant transformations, which are reflected by increased use of contactless payment, emergence of cryptocurrencies as means of payment and a decline in the use […]
New Policy for Tourist and Entry into Israel
Dear Clients and Colleagues, We are happy to inform you of updates to the policy for entry into Israel. As of November 1, 2021, foreign nationals will be permitted to enter into Israel, under the following terms: Foreign nationals who received two doses of the Pfizer vaccine, and, on the date of entry into Israel, […]
Fintech: Firing on All Cylinders
Fintech deal-making has n-e-v-e-r been hotter. Coming out of the pandemic, fintechs have proven their value in a changed world for consumers and business, with online preferred to face-to-face transactions, building on a decade of advances in mobile payments, online lending, digital banking and back-office innovation. There is a powerful mix of factors converging this […]
FTC Puts More Than 700 Companies on Notice of Penalty Offenses for Endorsement Violations
Technology & eCommerce Regulation in the Spotlight The Federal Trade Commission (“FTC“) has recently announced a widespread enforcement action against deceptive endorsement practices. The FTC has sent Notice of Penalty Offenses (“Notice“) to more than 700 companies, placing such companies on notice that they could incur civil penalties of up to $43,792 per violation, if […]
Proposal to amend the Rules applicable to compensation for research papers
Proposal to amend the Rules applicable to compensation for research papers (Rules for regulating investment advice, investment marketing and investment portfolio management (receiving benefits for research), 2020) Dear clients, The publishing of research papers has recently come under review of the Israel Securities Authority (“ISA“). As is well known, the purpose of research papers is to […]
Recognition of Foreign Vaccinations and Update on Short Term Work Visas
Dear Clients and Colleagues, We would like to update you on the following subjects: A. Recognition of vaccinations given abroad and for those recovered abroad Recently, the Ministry of Health issued new regulations regarding the entry and exit from Israel of foreigners (which are not yet in full effect), in light of the Covid-19 virus. The […]
Our client BeeHero secured 19M$ in a new funding round
Our client, BeeHero, already the 4th (!) largest pollination provider in the US, secured 19M$ in a new funding round. ADM Capital Europe LLP led this Series A round with participation from existing investors, including iAngels, J-Ventures, UpWest and others. BeeHero offers Precision-Pollination-as-a-service to achieve better crop yields and profits for its customers. It is […]
Our client Aspire Global has signed an agreement to sell its B2C segment to Esports Technologies.
We are pleased to announce that our gaming client, Aspire Global has finalised an agreement to sell its B2C segment to the US-based Group, Esports Technologies. This divestment is pursuant to a review by Aspire Global of the B2C segment that was announced in March this year. Consideration for the deal amounts to approximately €65 […]
Technology is changing the way intellectual property and information assets are managed and maintained
Partner Ariel Yosefi, head of our technology & ecommerce regulation department and the crypto regulatory team, shared his thoughts alongside Dr. Milly Perry with globes regarding few relevant implications concerning NFT and digital properties. For the full article >> click here
The OECD Reaches Agreement on Two-Pillar Corporate Tax Reform
Dear friends, clients and colleagues, The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (the IF) issued a statement last Friday (October 8, 2021) that it has agreed on a two-Pillar solution to address the challenges arising from the digitalization of the economy.[1] 136 countries, including Israel, have agreed to adopt this solution, which follows […]
Energy Pioneers of Tomorrow
According to studies about global warming, we have 21 years to save our planet. Do you want to be the earth’s superhero? Join us for a unique opportunity to shape the future of climate change solutions, in a workshop dedicated to the energy pioneers of tomorrow. What you need to know: – Diverse sessions given […]
Client Update – Green Pass for Employees
Dear Clients and Colleagues, Upon our return to routine from the High Holiday season, please find below a few updates regarding legal developments that may affect workplaces, in light of the continued spread of the Covid-19 virus. In our previous update (10.8.21) we surveyed the guidelines regarding entry to various places that operate under the “Green Pass” […]
UK ASA Published Updated Guidance on Advertising In-Game Purchases
Technology & eCommerce Regulation in the Spotlight The Advertising Standard Authority in the UK (“ASA“) has recently released updated guidance on the dos and don’ts for advertisers and publishers of in-game purchases advertisements (“Guidance“). The aim of the guidance is ensuring that advertisers and publishers do not mislead consumers about the costs and functionality of […]
Congratulations to our client, EJF Acquisition Corp., on the largest Israeli SPAC transaction to date!
Congratulations to our client, EJF Acquisition Corp., on the largest Israeli SPAC transaction to date! On Wednesday, EJF, a publicly traded special purpose acquisition company, signed an agreement to enter into a business combination with Pagaya Technologies, Ltd., a financial technology company that enables financial institutions to expand access to more customers through its artificial […]
Our client Neogames, has completed a $145 million secondary offering on Nasdaq
Our client Neogames, has completed a $145 million secondary offering on Nasdaq. The offering was underwritten by a group of banks led by J.P. Morgan and Deutsche Bank. NeoGames is the world leader in online lottery solutions and we also assisted with its IPO in November 2020. Our managing partner, Gil White, led the team alongside partners […]
Broad Reforms concerning Fuel Taxation and Recognizing Fuel Expenditures
Dear friends and colleagues, We wanted to bring to your attention a series of draft orders and regulations relating to taxation in the fuel sector which were published recently for public comment ahead of discussions in the Knesset Finance Committee and their being signed into law by the Minister of Finance. As detailed below, these […]
Our client, Rapid7, Inc. acquired IntSights Cyber Intelligence Ltd.
Our client, Rapid7, Inc., a leading provider of security analytics and automation, acquired IntSights Cyber Intelligence Ltd. for approximately $335 million in cash and Rapid7 stock. IntSights is a leader in contextualized external threat intelligence and proactive threat remediation. Janet Levy Pahima, Of Counsel, and partners Natan Wiesenberg and Shachar Porat led the Herzog team on […]
Congratulations to our client, Mubadala Petroleum, on the signing of an agreement to acquire Delek’s share in the Tamar natural gas field
It is not often that we get to feel part of something that is truly historic but being part of the first major deal between the UAE and Israel is something special. Congratulations to our client, Mubadala Petroleum, on the signing of an agreement with Delek Drilling to acquire Delek’s share in the Tamar natural […]
