Our client 888 Holdings has acquired William Hill International

After over two decades as our client, 888 Holdings, one of the world’s leading online betting and gaming companies, has acquired the renowned William Hill International. 888 has acquired all of William Hill’s activity outside the US based on an enterprise value of £2.2 Billion. The deal will allow 888 to significantly increase its scale […]

Client Update – Intellectual Property

On August 29, 2021, Israel’s Justice Ministry published a memorandum concerning a proposed bill to amend the Patent Law, 1967. The bill deals with certain limitations on patent protection during the term of patent term extension orders (“PTE”) in relation to pharmaceuticals and medical devices. The stated purpose of the bill is to encourage competition […]

New Rules on Entering Israel

Dear Clients and Colleagues, In light of the efficacy of the third dose of the COVID-19 vaccine, and in order to encourage citizens to get vaccinated, the Ministry of Health has decided to take the following steps: As of Friday, September 3, 2021, individuals returning from “orange countries” who are vaccinated and/or recovered from COVID-19, […]

Congratulations to our client Embracer Group, on their acquisition of CrazyLabs

Congratulations to our client, the Swedish gaming giant, Embracer Group, on their acquisition of CrazyLabs, an Israeli gaming startup with over 4.5 billion downloads. CrazyLabs will continue to operate as an independent publisher under the Embracer umbrella and expected to significantly upgrade Embracer’s publishing and mobile content skills. Our partners Dr. Ehab Farah, Gilad Yacubovich […]

Our client Cowen has completed its registration as a foreign underwriter in Israel

A hearty welcome to Cowen, who completed its registration as a foreign underwriter in Israel. The registration will enable Cowen to underwrite Israeli offerings on the Tel Aviv Stock Exchange, and it is a further step in opening the Israeli capital market to international banks and investors. Congrats to the team working on this project: […]

Our client Retrain.ai raised another $7 million in the Series A funding round

Retrain.ai, the talent management platform, raised another $7 million in the Series A funding round framework. In total, since its incorporation, Retrain.ai has raised $20 million. Retrain.ai uses AI and machine learning to help governments and organizations retrain and upskill talent. Our partner Aviram Hazak and associate David Azimov represented the company in this successful funding […]

Client Update – Sakemsky Case

New Israeli Supreme Court Ruling Regarding the Calculation of Capital Gain on Sale of Shares of a Company with “Trapped Earnings” under the Law for Encouragement of Capital Investments Dear friends, clients and colleagues, Last week the Israeli Supreme Court published its ruling in the Sakemsky case. The court rejected the Israel Tax Authority’s (the […]

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 have identified several key recent trends in the global crypto regulatory environment. First of all, we have witnessed a significant rise in the amount of […]

Update on the arrangements for Entering and Leaving the State of Israel

Dear Clients and Colleagues, A. As of yesterday, August 24, 2021, the Population and Immigration Authority will only issue approval to enter Israel for vaccinated travelers over twelve years of age. In addition, these travelers will be required to obtain an entry approval from the relevant Israeli consulate abroad. Each consulate may have different requirements […]

Google Play Policy Updates Strive to Enhance User Transparency and Protection

Technology & eCommerce Regulation in the Spotlight   Google has recently announced significant changes to the Google Play policies aimed to bolster user and children protection, control, privacy, and security. These updates will require developers to adhere to a fair amount of new requirements, which will take effect gradually starting 1 September, 2021. Below are […]

Our client TERMINAL X completed its IPO on the Tel-Aviv Stock Exchange

Our client, TERMINAL X, a subsidiary of Fox-Wiesel, completed its IPO on the Tel-Aviv Stock Exchange, in yet another record breaking transaction. Terminal X is Israel’s leading online fashion retailer, engaging in the import, marketing, and sale of fashion and lifestyle products. The company raised NIS 281 million at a pre-money valuation of NIS 1.3 billion […]

Herzog represented the Israeli Electric Corporation

Herzog represented the Israeli Electric Corporation (“IEC”) in its successful issuance of a new bonds series for an approximate capital raise of NIS 1.2 billion. The public offering, which was met with high enthusiasm (in an approximate amount of NIS 2.5 billion) in the Israeli capital market, is one of the largest bond issuances of […]

The new Covid Restrictions and their Effect on Workplaces

Dear Clients and Colleagues, In light of the recent increase in Covid-19 cases due to the Delta variant, the Government has put in place a list of steps with the purpose of reducing the infection rates. In this update, we will briefly review the possible consequences of these steps on workplaces. Together with  a decision […]

Dramatic Proposed Change in Tax Litigation Proceedings in Israel – Taxpayers will have to Pay 30% of the Tax in Dispute upon Filing Tax Appeals in Court

As part of the 2021-2022 budgetary legislation process, the Israeli Government published on August 2, 2021, a memorandum regarding a proposed obligation to pay a portion of the tax in dispute during tax litigation proceedings (the “Memorandum“). The Memorandum proposes that filing a tax appeal in court against a final tax assessment issued by the […]

Updates on the Arrangements for Entering and Leaving the State of Israel

Dear Clients and Colleagues, In light of the recent increase in COVID-19 cases, the Ministry of Health has decided to take stricter measures. Accordingly, as of Wednesday, August 11, 2021, the following countries will be added to the list of countries classified as having a “severe travel warning”: Ukraine Italy Iceland Aswatini United States Botswana […]

New proposed legislation – Israel vat law for foreign digital services

New proposed legislation – foreign companies that provide digital services to an Israeli resident shall be liable to Israel vat law Dear Clients and Friends, Included as part of the Memorandum for The Law of Economic Efficiency (Legislative Amendments to Achieve the Budget Targets for the Budget Years 2021 and 2022), 5721-2021 (the “Memorandum”), which was […]

The Privacy Protection Authority activity report for the years 2019-2020

Dear clients and friends, We would like to draw your attention that on July 21, 2021, the Israeli Protection of Privacy Authority (the “PPA“) has published a biennial report summarizing its activities for the years 2019-2020 (the “Report“). In the Report, the PPA notes that 2020 was a record year in the history of the […]

Herzog represented Pharm Yarok, Rosen High Way, and HW Shinua in their sale to IMC

We recently represented Pharm Yarok, Rosen High Way, and HW Shinua in their sale to IMC. Pharm Yarok operates a well-known cannabis dispensary in Israel, while Rosen High Way and HW Shinua are its operating and distribution companies. IMC is a Canadian company traded on the CSE and Nasdaq, which conducts operations in the cannabis market in Israel, Germany, and Canada via local […]

Our client Superbet signed an agreement to acquire Napoleon Games Group

In another landmark deal in the gaming world, our clients and friends at Superbet signed an agreement to acquire Napoleon Games Group, a leading Belgian operator with an online, retail arcade and sports betting business. We worked on this deal with several partners: Oakvale Capital, PJT Partners, CMS, PwC, and Latham & Watkins. Our Managing […]

A win for Mobileye

An important legal achievement in a case regarding the building permit granted to build the new R&D Center for Mobileye in Jerusalem. The Jerusalem District Court agreed with our claim and rejected the petition against the building permit granted to the project, which is already well underway. The court agreed that the petitioner had no standing in […]

Congratulations to our client Porsche Ventures, on its investment in the startup Griiip

Congratulations to our longstanding client, Porsche Ventures, on its investment in Israeli motorsport technology startup Griiip, which will help enhance the innovative power that motorsport has. Griiip’s unique digital platform allows users to access drivers’ profiles and view motorsport data in real-time. Our partners, Alon Lederman and Dana Zur Neumann, and associates Avital Zahari and Noa Jasovich, represented Porsche in this transaction.

A major deal between Reality & Electra

We recently represented Reality Investment Fund in a deal to acquire 50% of the ownership and leasing rights of a piece of land in Rishon Lezion valued at NIS 275 million  from Electra Consumer Products. Currently, Electra’s HQ and one of their factories are located in the piece of land. The factory is scheduled to […]

A Revolution in the Taxation of Partnerships and Joint Investments in Israel Publication of a Law Memorandum – Taxation of Partnerships

Dear friends, clients and colleagues, On July 19, 2021, the Israeli Government published for public comments a memorandum for the Law for Amendment of the Income Tax Ordinance (Partnership Taxation), 2021 (the “Memorandum”). The purpose of the Memorandum is to update the tax rules applicable to partnerships in Israel. The Memorandum is revolutionary and proposes […]

Updates on entry and exit arrangements from Israel

Dear Colleagues and Customers, Given the recent increase in the spread of COVID-19 cases, the Israeli government has implemented several limitations regarding the entrance into and exit from Israel. According to these limitations, all countries were classified within three categories: (i) high-risk countries; (ii) countries with a severe travel warning; and (iii) countries without classification. […]

Direction & Opportunities: Nigeria

Africa: Continent of Tomorrow Series is a gathering point between the public and private initiatives in Israel and opportunities in countries in Africa with the participation of senior officials from the private sector, government agencies and civil society organizations. The series serves an informal platform to share lessons, foster collaboration and develop new initiatives, exploring opportunities, potential and […]

Dilemmas and managerial responsibility In reporting of cyber risks and incidents

What are the reporting obligations in the event of a cyber threat or a cyber attack? What is the personal liability of managers and directors for incomplete or incorrect reporting? What are the laws and guidelines regarding public companies? Join us in a collaborative event together with the Tel Aviv University – Coller School of Management and […]

Jaffa Oranges from Siberia…?

The wine industry is somewhat taken aback by the recent amendment to Russia’s Federal Law ‘On State Regulation of Production and Turnover of Alcoholic Products’ (the “Law”), which requires non-Russian producers of champagne who wish to sell their wares in the Russian Federation to label their product as “sparkling wine” rather than “champagne”, which appellation […]

Our client 888 has entered into a license agreement to use the Sports Illustrated brand

888 has entered into a license agreement to use the Sports Illustrated brand, opening its gambling services to new potential markets. The new cooperation is an important strategic move for 888’s American expansion. The new service will be named SI Sportsbook, and will be launched later this year, with expansion into 10 markets expected by […]