Client Update- Easing of Workplace Restrictions
Dear Clients and Colleagues, In light of the continuing decline in Covid-19 infection rates, the government has decided to amend those certain regulations, which imposed restrictions on workplace activity. According to the amendment to the regulations, as of today, March 18, 2021, the following changes will apply: Cancellation of the Obligation to Conduct Temperature Checks: […]
Spanish Data Protection Regulator Imposes Its Highest Fines
Technology & eCommerce Regulation in the Spotlight In the last couple of months, the Spanish data protection authority (“AEPD“) issued three sanctioning decisions, imposing fines more than thirty times higher than the previous top three fines it imposed under the GDPR. The importance of these enforcement decisions, beyond the significant amount of the fines, is […]
Discover Israel’s Smart City Innovation Webinar
How is technology serving municipalities and helping in offering residents better services? Our Japan Practice hosted a webinar discussing Smart Cities and Innovation in Israel in collaboration with The Israel-Japan Chamber of Commerce as a satellite event to the Economic Forum between Japan and Israel. Our partner and Head of Japan Practice Gilad Majerowicz led […]
Our client, the Israeli start-up retrain.ai, has raised $9M in a Series A funding round
Retrain.ai’s secured $4M in its seed round last year, putting the total amount raised so far at a total of $13M. The company uses AI and machine learning to collect data from job boards and gain insights into the job market trends. It has recently secured a significant transaction with the Israeli Department of Labour […]
Congratulations to our client Playstudio Co., Ltd. who became a public company through a merger with a SPAC
Congratulations to our client Playstudio Co., Ltd., an award-winning mobile-gaming developer, who became a public company through a merger with a SPAC. Playstudios has merged with Acies Acquisition Corp. and in a deal that put the company’s value at $1.1 Billion. This is the first time a company in this sector that used the option of […]
The Israel Tax Authority to Advance Profit Split over Cost Plus for R&D Centers
Dear Clients and Friends, In a recent conference attended by high ranking officials of the Israel Tax Authority (ITA), the ITA indicated that it would soon publish a circular addressing its views regarding the proper transfer pricing methodology with respect to research and development (R&D) centers in Israel providing R&D services to related parties abroad. […]
Our client, the Israeli startup H2Pro has completed a $25M funding round.
H2Pro develops a breakthrough technology to separate the Hydrogen and Oxygen molecules in water without creating and releasing greenhouse gases. We thank Hanan Haviv, Head of the Hi-Tech Department and his associates Rei Even-Chen, and Tomer Amsalem who represented H2Pro. For the article in TheMarker >> click here
Crypto Regulatory Updates March 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 month. 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 […]
New Amendment to the Israeli Insolvency Law
New Amendment to the Israeli Insolvency Law – grant of the option for a stay of proceedings against a corporation for the purpose of approving a debt arrangement without the appointment of an external officeholder to replace the company’s management Dear Clients and Friends, On 4 March 2021, an amendment to the Israeli Insolvency and […]
Discover Israel’s Smart City Innovation -An insight into solving city needs
March 11th | 10:15-11:30 (IST), 17:15-18:30 (JST) Greetings Adv Zeev Weiss- Chairman Israel Japan Friendship Society & Chamber of Commerce Motoki Kutita- Commercial Attache, Embassy of Japan in Israel Experts Panel Moderator: Gilad Majeowicz– Partner, Head of Japan Practice, Herzog Fox & Neeman Tsvi Lev- General Manager of NEC Israel Research Center Dr. […]
Israeli Women in Law
Israeli Women in Law In recent years, the percent of women practicing law is growing rapidly paste. As the century turned, this trend became even more prominent. By the late 2000s, in many countries around the world, 50% of practicing lawyers were women. Although this transformation is, by all means, positive, there is still much […]
Congratulations to our digital health client Medisafe®, on raising $30 million in Series C funding round
Congratulations to Omri, Rotem, and to all of the great team in our digital health client – Medisafe®, on raising $30 million in Series C funding round, led by Sanofi Ventures and ALIVE Israel Healthtech Fund, as well as existing investors Pitango HealthTech, and 7Wire. Medisafe has developed an end-to-end platform to manage medicine and has […]
Our client Pliops, has completed a financing round of $65M
Our client, Pliops, an up-and-coming start-up in the field of storage processor and database acceleration, has completed a financing round of $65M led by Koch Disruptive Industries with the participation of all existing investors. This funding will enhance Pliops ability to deliver game-changing value for enterprise and cloud customers. We thank Hanan Haviv, Head of the Hi-Tech […]
The Dubai Advantage- Technology Sector Opportunities in Dubai
Tuesday 16 March 2021 | 10:00 (IST) , 12:00 (Dubai) Opening Remarks Adv. Daniel Reisner Partner and Chair of Herzog’s International Law, Trade and National Security Department Welcome Remarks by Dubai FDI Mr. Ibrahim Ahli Director, Investment Promotion Division, Dubai FDI Intro to Dubai: Doing Business and Expectations Ms. Rahma Al Shihhe Project Manager, Smart […]
Maple & Honey Forum Webinar | Canadian SPACs and IPOs for Israeli Tech Companies
Please join us on March 9 for the Maple & Honey Forum special presentation on Canadian Special Purpose Acquisition Companies (SPACs) and IPOs. This webinar will be hosted by Aviram Hazak, M&A partner at Herzog Fox & Neeman, and Aaron Sonshine, Ted Shoub and Elad Travis, co-heads of Canada-Israel initiative at leading Canadian law firm […]
Our clients, Kanabo Research, were the first cannabis-related company to go public on the London Stock Exchange
Our clients, Kanabo Research, which develops medical cannabis products, were the first cannabis-related company to go public on the London Stock Exchange. Due to this small historic opportunity, the interest around this IPO was big, and the company raised £6M to further its growth. Thank you to the team who worked on this deal, lead […]
Herzog Fox & Neeman is the number 1 law firm in Israel – seven years in a row
Herzog Fox & Neeman is the number 1 law firm in Israel – seven years in a row. The prestigious Dun’s 100 standard of achievement rankings are out, and we are proud to share with you that we are at the top once more. Our achievement is thanks to the work of our partners, associates, […]
Herzog is a leading law firm in Israel
The prestigious Chambers rankings are out, and we are, once again, proud to be ranked BAND 1 in 9 practice areas. Big thanks to Chambers and Partners for recognising the firm’s leading and prominent work. Banking & Finance Capital Markets Corporate M&A International & Cross-Border Capabilities Labour & Employment Projects & Energy Real Estate Tax TMT: Technology […]
Investing In… Israel 2021 | Exclusive Overview by Aviram Hazak and Daniel Reisner
We were invited to take part in writing the Investing In…Israel 2021 by Chambers global practice guide. The guide features 21 jurisdictions, and provides the latest information on foreign direct investment, market trends, mergers and acquisitions, corporate governance, capital markets and more. Partner Aviram Hazak from our corporate department, and Partner Daniel Reisner head of […]
Virginia Enacts a New Data Protection Law
Virginia’s legislatures have recently enacted a new and comprehensive privacy act – the Virginia Consumer Data Protection Act (“VCDPA“). While many US states have introduced privacy laws initiatives over the past year, Virginia is the first state to pass a comprehensive privacy law since California’s Consumer Protection Act (“CCPA“). There are similarities in various elements […]
The Manara Cliff Project is Taking Off
We are proud to have participated in another major infrastructure project. We recently represented Mizrahi Tefahot Bank and a consortium of other Israeli banks and institutional investors in connection with the project financing for the development and construction of a MW156 pumped storage hydro project in the Manara Cliff in Israel. Ellomay Pumped Storage, a […]
EQT Private Equity Is Coming to Israel
Our client, one of the largest private equity funds in Europe, EQT Private Equity, has made its first investment in Israel. The investment group has chosen to invest $100M in the series A funding round for CYE, a cybersecurity solution leader. CYE was founded in 2012 and as of today has more than 200 clients […]
New Directive Regarding Returned Exports
Dear Clients and Colleagues, The Israeli Tax Authority (ITA) published a new directive regarding submitting import declarations for importing returned exported goods (item 810). In general, the new directive includes stricter provisions regarding imports under item 810 and is due to take effect April 12, 2021. Classification of the goods as item 810 is possible when importing goods to Israel that […]
Israel Corporate Tax
ISRAEL CORPORATE TAX LAW AND PRACTICE The ‘Law & Practice’ sections provide easily accessible information on navigating the legal system when conducting business in the jurisdiction. Leading lawyers explain local law and practice at key transactional stages and for crucial aspects of doing business. Herzog has the largest and most broadly experienced tax department of any […]
Our client, Kitov Systems, signed a collaboration agreement with Mitutoyo Corporation
Our client, Kitov Systems, signed a collaboration agreement with Mitutoyo Corporation, a global leader in measuring instruments and metrological technology. Kitov is a developer and provider of automated innovative visual inspection software solutions. As part of the agreement, Mitutoyo will invest in Kitov. Mitutoyo was represented in this deal by our partners Hanan Haviv, Dan Sharot, Mor Limanovich, […]
Crypto Regulatory Updates February 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 […]
Our Client Knapp is Building a New Delivery System for Shufersal
Our client, the Austrian logistics experts Knapp, is building for Shufersal, Israel’s largest supermarket chain, its new delivery system. Knapp develops robots which increase the online shopping’s efficiency using automation. Shufersal will be the first company in Israel to implement this technology. We thank our partner, Eyal Bar-Zvi, for leading this deal’s negotiations.
Our client D1 Capital Partners, led a $208 million B funding round
Our client, D1 Capital Partners, has led the $208 million B funding round into the networking software Israeli company, DriveNets Ltd. Upon the completion of this funding round, which also involved significant investments from existing investors Bessemer Ventures Partners and Pitango Venture Capital, DriveNets has become a unicorn. Our partner Aviram Hazak and associate Aaron […]
Israeli Lawyers
Israeli Lawyers: Start-up Nation Frontier Nowadays, having a good professional lawyer is highly important as it is an essential component necessary in order to succeed in any field. In this global era, where competition is especially harsh, this necessity is all the more vital. If you are in need of legal assistance and want to […]
New Green Track Ruling Applications
Dear Clients and Friends, On January 31, 2021, the Israeli Tax Authority (the “ITA“) published two new green track ruling applications in the following matters (i) Interim ruling – a purchase transaction (form # 951), and (ii) approval of foreign company as employer company under Section 102 (form # 952, together, the “New Green Track […]
