Herzog’s Updated Comparative Guide on Key Rights in US States Privacy Laws

By Ariel Yosefi, On Dvori & Kobi Plotkin Dear clients, colleagues and friends, The legal landscape surrounding data protection in the United States continues to evolve and expand over the past couple of years.  Since the beginning of 2024, 2 US states (New Jersey and New Hampshire) have enacted comprehensive general privacy laws, joining the […]

Herzog partners with Carta

We are thrilled to announce our partnership with Carta and offer our clients cutting edge and innovative equity management service. Automated equity management platforms provide efficiency and streamline startups’ captable management including with respect to equity issuances and equity benefits matters. We are also in the process of working with Carta on integrating the platform […]

Mastering Clinical Trial Agreements: A Comprehensive Guide for Biotech Companies

In the dynamic intersection of technology and healthcare, clinical trials represent a critical juncture. For tech companies embarking on this journey, Clinical Trial Agreements (CTAs) are foundational documents that require careful navigation. As a commercial tech lawyer, my expertise lies in helping clients understand and negotiate these complex agreements. This comprehensive guide outlines the pivotal […]

New Hampshire is the 14th US State to Adopt Comprehensive Privacy Legislation

On 18 January 2024 the legislature of New Hampshire passed the Act Relative to the Expectation of Privacy (the “Act“). The Act is pending the approval of the state’s governor, after which New Hampshire will be the 14th state in the US to enact comprehensive legislation safeguarding consumer personal information. Similarly to the new privacy […]

We represented Sun Pharma in the acquisition of the minority interest in Taro

It was our pleasure to represent Sun Pharmaceutical Industries Limited (SUN.NS), in its acquisition of the minority interest in Taro Pharmaceutical Industries (TARO.N). The transaction represents a valuation of Taro of approximately $ 1.65 billion, and the total amount of the transaction is expected to be approximately $ 350 million. This transaction was led by […]

53 million NIS was raised in the Meitav Trade IPO

The first IPO of 2024 (and one of the few IPOs in the past year) was completed! Our corporate and Securities team represented Meitav Trade (a member of Meitav Group) in the initial public offering of its shares. A total of 53 million NIS was raised in the offering, reflecting a company value of approx. […]

New Amendment to the Import and Export Ordinance

Dear clients and colleagues,    On January 17, 2024, an amendment to the Import and Export Ordinance [New Version], 5739-1979 (the “Ordinance“), was published in the official records (the “Amendment“). The Amendment incorporates various changes and reliefs, with the majority coming into effect on July 1, 2024 (which may be deferred by up to three […]

New Jersey is the 13th US State to Adopt Comprehensive Privacy Legislation

On 16 January 2024 the Governor of New Jersey signed into law the state’s Data Privacy Act (the “Act“), marking its entry as the 13th state in the US to enact a comprehensive legislation safeguarding consumer personal information. The new Act will enter into force one year after its enactment – on 16 January 2025. […]

An update to the Conditions of a General Permit under Section 49A to the Securities Law

Dear clients,   We would like to inform you that the Israel Securities Authority (the “ISA”) has updated the conditions for obtaining a “General Permit” under section 49A of the Securities Law, 1968 (the “Updated Conditions” and the “Securities Law”, respectively).   By way of background, according to Section 49A of the Securities Law, the […]

Ben Wahlhaus at the International Court of Justice (the ICJ)

Congratulations to Ben Wahlhaus, from our Corporate and Securities Department, who is a member of the team defending Israel at the International Court of Justice (the ICJ), and who was part of the delegation in The Hague last week! Since October 7, Ben has been on reserve duty in the IDF’s International Law Department, where he […]

Congratulations to Delinea on the acquisition of Authomize

Congratulations to our client, Delinea, Inc., a leading provider of privileged access management, on completing the acquisition of the Israeli start-up Authomize Ltd. Authomize developed a cloud identity and access security platform that detects and eliminates identity-based threats throughout the cloud. The Herzog team, led by Michal Herzfeld, includes Yahya Qaq; Dr. Yuval Navot, Ronen Avner, Efrat Kesler Kadmon, and Niran […]

Can we finally see signs of optimism?

Yair Geva, head of our high-tech department, has recently wrote an article discussing the excellent start that the Israeli high-tech sector has had in 2024, despite the economic difficulties that the country is experiencing. What makes 2024 an attractive year for high-tech firms? What is the significance of the interest rate reduction announced by the […]

UserWay is acquired by Level Access for $98 million

We are proud to represent KKR in its acquisition of UserWay, an Israeli public company, for a deal value of approximately $98 million. UserWay is a pioneer in the field of AI-based digital accessibility. This milestone transaction shows that global private equity funds are continuing to invest in Israeli companies, which is an indication of […]

How will the Hamas terrorists’ October 7 trials be conducted

“The state of Israel has never before dealt with crimes and an investigation on this scale”, said Dr. Roy Schondorf, former deputy to the attorney general. “This will be one of the most important trials to take place in Israel.” How will the Hamas terrorists’ October 7 trials be conducted? Dr. Roy Schondorf, our partner in […]

Spera is acquired by Okta

Congratulations Dor Fledel & Ariel Kadyshevitch on the sale of Spera to Okta! Kudos to the amazing team at Herzog Tech who accompanied Spera from formation to exit: Yair Geva, Miri Wang, Adam Salkin, Uri Barak and Tzipi Zipper.

Herzog delivers, no matter what

In Israel, resilience isn’t just a slogan. It’s the enduring spirit that has made Israeli tech what it is today. Yes, there is an ongoing conflict and, for sure, there is trauma. But even with that, we are already adapting to a “new normal”, and business continues to operate. We are strong and resilient and committed […]

What lawful steps can Israel take in the context of the war against Hamas in Gaza?

Why should Israel adhere to the laws of war? What lawful steps can Israel take in the context of the war against Hamas in Gaza? Listen to the latest episode of KAN (HE) – Israeli Public Broadcasting Corporation podcast “Another Day” featuring Dr. Roy Schondorf, former Deputy Attorney General (International Law) and currently head of Herzog’s […]

Congratulations ARROW! The rebel alliance hit again with a $35 million Series B round led by Georgian, F2, Entree and NFX

Congratulations to Evyatar Ben Artzi, Gila Hayat and Tamar Sacerdoti at Darrow AI for completing this impressive Series B funding and securing a $35 million investment, led by Georgian with participation of existing investors F2 Venture Capital, Entrée Capital and NFX! Darrow is developing an AI platform for detecting legal violations and we are super proud to take a part on this amazing journey to conquer and revolutionize the […]

NVIDIA Invests in AI21 Labs

We are honored to represent once again NVIDIA in its investment in AI21 Labs. “Generative AI is driving a new era of computing across every industry. The innovative work by the AI21 Labs team will help enterprises accelerate productivity and efficiency with generative AI-based systems that are accurate, trustworthy, and reliable, ”said Jensen Huang, founder and CEO […]

Published: Proposed regulatory instructions regarding equity, insurance, or other collateral security

Dear clients and friends, We would like to bring to your attention that the Israeli Securities Authority published proposed regulatory instructions regulating capital requirements  for the activities of payment companies and holders of a basic Initiation license, in accordance with the Regulation of Payment Services and Payment Initiation Law, 2023 (“Regulation of Payment Services Law“) […]

Fintech ThetaRay raised $57 million

Excited to share that ThetaRay, our long term client, completed a US$ 57 million financing round. ThetaRay’s cloud-based transaction monitoring and screening solution uses market-leading proprietary and patented AI technology to monitor financial transactions quickly and accurately. In this uncertain and challenging period – this is an amazing accomplishment by the ThetaRay team! The success of […]

The Israel Innovation Authority (IIA) – New Rules Regarding Transfer of Manufacturing Outside of Israel and the Interest Rate on IIA Funding

The Israel Innovation Authority (IIA) has recently changed the rules that apply to IIA-funded companies regarding transfer of manufacturing outside of Israel and the interest rate on IIA funding. 1.Transfer of Manufacturing Outside of Israel Manufacturing outside of Israel that involves IIA-funded knowhow requires the approval of the IIA and may increase the royalty payments […]

We are happy to introduce our new partners

Our team is looking forward to 2024, and we are confident that our new partners, the majority of whom are Herzog alumni, will contribute to the success and continued leadership of the company. We congratulate you all!    

83(B) Election Update

What is an 83(b) Election? The 83(b) election is a provision under the Internal Revenue Code (IRC) Section 83(b). It allows individuals receiving restricted stock to pay taxes on the total fair market value (FMV) of the award at the time of issuance, rather than at the time of vesting​​​​. This election is particularly relevant […]