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 […]

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 […]

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 […]