Congratulations to our client, OCV Partners for leading the investment in Orca AI
Congratulations to our client, OCV Partners, for leading the investment in Orca AI, a computer vision startup tackling vessel safety. Zohar Loshitzer, a Principal of OCV Partners, will join Orca AI’s board to provide advice and insight from decades of successfully commercializing emerging technologies. Our partners: Alon Lederman and Dana Zur Neumann, and associates, Avital Zahari and Noa Jasovich, represented OCV […]
Herzog represented Psagot Investments in Insurance Agencies
We recently represented Psagot Investments in Insurance Agencies, a subsidiary of Psagot Investment House, to sell its holding in the insurance agency, Ash Profit, one of the biggest groups in Israel, for 165M shekels. This is the second deal in which we represented Psagot, who is selling off its insurance assets. Our partners Nir Dash and Reut Alcalay and their […]
Client Update – Privacy In Advanced Means of Payment
Dear client and friends, We would like to draw your attention that on April 22, 2021, the Israeli Protection of Privacy Authority (the “PPA“) has published its final form policy document regarding privacy in advanced means of payment for the transfer of funds and for payments in businesses (the “Policy“). The Policy includes recommendations for […]
Our Client WeWork has changed its operating model in Israel to a franchise
WeWork has changed its operating model in Israel to a franchise. Herzog represented WeWork in the transaction to transfer all of its assets and operations in Israel (including 14 locations) to AMPA group, which will operate those assets under a license, in consideration for royalty payments. This was a complicated deal that required participation of multiple departments within […]
The European Commission Published Draft Regulation on Artificial Intelligence
Technology & eCommerce Regulation in the Spotlight The European Commission has released a Proposal for a Regulation on a European approach for Artificial Intelligence (the “Proposal“), aiming to “improve the functioning of the internal market by creating the conditions for an ecosystem of trust putting into service and use of artificial intelligence in the Union”. […]
Partner Ruth Dagan explained the importance of introducing a carbon trade mechanism in Israel
Earth day is a good opportunity to ask how can Israel use a great tool in the fight against climate change and billions of the local economy? Dr. Ruth Dagan, head of our Environment and Climate Change practice, explained the importance of introducing a carbon trade mechanism in Israel. “The global carbon market is a […]
Our client DraftKings Inc. has acquired Israeli gamification company Blue Ribbon.
Our client, DraftKings Inc., a sports betting, fantasy sport, and online gaming giant, has acquired Israeli gamification company Blue Ribbon. Blue Ribbon’s technology will be integrated into DraftKings’ products and will enhance user experience. Blue Ribbon’s management and workers in Israel will become an integral part of DraftKings global workforce, and the company is planning to […]
A new international asset manager is coming to Tel Aviv….
The ETF provider Lyxor Asset Management, one of the three largest ETF providers in Europe, has listed a new ETF on the Tel Aviv Stock Exchange. The new ETF invests in the fields of Robotics and Artificial Intelligence, and will be traded both in Israel and in other markets around the world, including the London Stock […]
Our client Plus500 is making its foray into the U.S. futures and options market
Our client, Plus500, is making its foray into the U.S. futures and options market – another step in the company’s transition towards becoming a global multi-asset fintech group. Plus500 agreed to acquire Cunningham Commodities, a regulated futures commission merchant, and Cunningham Trading Systems, a technology trading platform provider operating in the futures and options on […]
Congratulations to our client BAE Systems for the sale of its subsidiary BAE Systems Rokar to Elbit Systems.
Congratulations to our client BAE Systems – a multinational arms, security, and aerospace company, and one of the world’s largest defense companies, for the sale of its subsidiary BAE Systems Rokar International Ltd. (Rokar), to Elbit Systems. Rokar’s specialization in high-end GPS receivers and in guidance systems for advanced defense applications, will further enhance Elbit’s capabilities in […]
Congratulations to our Japanese client SUNCORPORATION for the transaction of its Israeli subsidiary Cellebrite
Congratulations to our Japanese client SUNCORPORATION for the fantastic $2.4 billion transaction of its Israeli subsidiary Cellebrite. Under the transaction Cellebrite will be listed in Nasdaq through a SPAC merger with TWC Tech Holdings II Corp. Our partners Gilad Majerowicz, Aviram Hazak, Eldad Chamam and Dr. Ehab Farah served as Israeli counsel for SUNCORPORATION in this transaction.
Update on New Possibilities to Enter Israel
Dear Clients and Colleagues, As the state of the Covid-19 pandemic continues to improve in Israel, the Israeli government has updated its policy regarding the entry into Israel, and introduced additional possibilities to enter the country, inter alia, for business visitors. In this update we summarize the material issues, currently relevant for business visitors and […]
Fighting for the Truth -An Insiders Discussion with Lawyers at the Legal Frontlines for Israel
Fascinating webinar discussing Israel’s fight in the international legal arena, and the recent ICC decision. Moderated by Jonathan Heuberger- Director for International Cooperation at Israel’ Ministry Of Strategic Affairs and Yaara Deitcher, Head of Robus’ International department, participated by leading experts: Ambassador Daniel Taub Col. (Res.) Daniel Reisner For the full webinar >> click here […]
Congratulations to our client Sage Global Services Limited, for completing another acquisition in Israel
Congratulations to our client, Sage Global Services Limited, a market leader in cloud business management solutions, for completing another acquisition in Israel, acquiring Task Sheriff, an AI-based SaaS technology start-up. The acquisition will further strengthen Sage’s unique offering of AI-enabled technologies enabling small to medium businesses to automate their accounting processes. Thank you to our partners Alon Lederman and Dana […]
Congratulations to our clients the Alpha Group, on the establishment of a fourth fund in the Alpha Funds family.
Congratulations to our clients, the Alpha Group, one of the largest private funds group in Israel, on the establishment of a fourth fund in the Alpha Funds family. The new fund, Alpha Long, is a hedge fund that will invest in Israeli public companies through the use of a number of diverse investment strategies focused […]
We Represented the AMI Fund in the Sale of ZAP Group
We recently represented the AMI fund in the sale of ZAP Group, which operates, among others, the price comparison website “ZAP,” to the Formula Group. Our Corporate & Securities partners Ran Hai and Reut Alcalay, led the transaction, together with corporate associate Raz Meltzer, Tax partner Dr. Ehab Farah, IP partner Jenia Melkhior and her associate Nadav Lev, Employment partner Maayan Hammer-Tzeelon and her associate Eti […]
Client Update – Data Minimization
Dear client and friends, We would like to draw your attention that on March 25, 2021, the Israeli Privacy Protection Authority (the “PPA“) has published a draft policy document regarding data minimization, for public comments (the “Draft Policy “). The Draft Policy reviews the provisions of the Protection of Privacy Law, 1981 (the “Law“) and suggests […]
Our client, Zoomin Software, has raised $52M in the C funding round
Our client, Zoomin Software, has raised $52M in the C funding round, barely four months after its previous round and at a significantly higher valuation. The investment was led by General Atlantic, a leading global growth equity firm, with participation from existing investors that include powerhouses Bessemer, Viola, and Salesforce. The Israeli startup headquartered in […]
Our firm represented TWC Tech Holdings II Corp in its merger with Cellebrite
Our firm represented TWC Tech Holdings II Corp, a Special Purpose Acquisition Company (SPAC) traded on Nasdaq in its merger with Cellebrite, a leading Israeli based digital intelligence solutions provider, for an estimated pro-forma equity value of $2.4 billion and $300 million committed PIPE for secondary purchase of shares from existing shareholders. Following the transaction Cellebrite […]
Important Google Play Policies Updates affecting Gambling and Gaming Apps, Loyalty Programs and Installed Apps Info
Google has recently announced significant changes to the Google Play Developer Policies. Among those changes, Google updated its policy regarding real-money gambling apps, user data and file access permission, as well as provided further clarifications and examples of common violations of other existing policies. Additionally, Google revealed its new Package Visibility policy, which is aimed […]
International Commercial Arbitration – Israel’s Step Forward
The Ministry of Justice has published for Comments a Draft for a new International Commercial Arbitration Law Dear Clients and Colleagues, The Israeli Ministry of Justice has recently published a draft of an international commercial arbitration bill proposal, which will, if enacted, take Israel a considerable step forward in its arbitration “friendliness”. Following the public’s […]
Amendment to the Anti-Money Laundering Order – Application to Financial Asset Service Providers and Updating Credit Service Providers Obligations
Dear clients and colleagues, On March 14, 2021, an amendment to the Israeli anti-money laundering order that applies to credit service providers[1] (was published in Israel’s official Gazette. This amendment mainly imposes obligations under the anti-money laundering and terror financing regime, on financial asset service providers (by expanding the order applicable to credit service providers […]
Important Client Update –Royalty Payments for Patents after their Term has Expired
Dear Clients and Colleagues, On March 11, 2021, the Tel-Aviv District Court ruled, in TA 4335-05-17 Cellopark Technologies Ltd. v. Pango Mobile Parking et al, that contractual provisions imposing an obligation to pay royalties for use of a patent after its term has expired are illegal. This is the first published decision since 1989 in […]
Crypto Regulatory Updates – April 2021
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 […]
Draft Bill of Spousal Covenant
Dear Clients and Colleagues, We are writing to update you regarding the Draft Bill of Spousal Covenant for Persons Having No Religious Affiliation (Amendment) (Extension of Application and Additional Provisions), 5781- 2021 (the “Draft Bill“). The Draft Bill proposes that the applicability of the Act on Spousal Covenant for Persons Having No Religious Affiliation (the […]
We have completed a deal worth more than 300M NIS for the land rights owners in Ramat Gan
We are happy to announce that we have completed a deal worth more than 300M NIS for the land rights owners of the Zohar Project in Ramat Gan. The priority is located in a central area in the city about to undergo a major renovation. Alon Abcasis, head of our Urban Renewal practice, and Idan Yehuda, representing […]
New Directive Regarding Returned Exports -Update
Dear Clients and Colleagues, Following requests addressed to the Customs Authority, the new directive regarding returned exports was canceled. The Tax Authority intends to issue an amended directive. We will update you within the publication of the amended directive. For the official publication (in Hebrew) >> click here We will be happy to assist in […]
Ahead of the Game | Partner Liran Barak’s Contribution to the 2020 Chambers Global Practice Guide
Gaming partner, Liran Barak, shares his overview of the legislative and regulatory framework relating to gambling in the Israeli chapter of the recent “Chambers Global Practice Guide”. The 2020 guide discusses licences, gambling management tools, application fees, affiliates, responsible gambling requirements, gambling management tools, advertising, enforcement and tax. For the full chapter >> click here
The SPAC Attack and the Israeli Market
Tuesday, 6 April 2021 | 17:00 – 18:30 (IST) | Webinar Special Purpose Acquisition Companies (SPACs) became the major trend in Wall Street in the last year. Please join us on 6 April, 2021 for a webinar that will cover the following matters: What is a SPAC? Lifecycle of a SPAC Going public: IPO vs. SPAC […]
An Overview of Merger Control Laws & Regulation Applicable in Israel
Our partners, Talya Solomon and Iris Achmon, who lead our Antitrust and Competition Practice, were invited to write a chapter for the prestigious The Legal 500 (Legalease). In the chapter, they review the updated Merger Control laws and regulations applicable in Israel. Beyond reviewing current laws, they also provide context and a forecast about potential changes in the regulatory […]
