The Environment Crisis | Challenges, opportunities & business models
What potential legal challenges and market opportunities can the environmental crisis create? Our partner, Dr. Ruth Dagan, will be discussing these issues in a webinar hosted by Tel Aviv University – Coller School of Management and BSI. Wednesday | 27.1.2021 | 17:30 Register now >> click here
Brexit: Data Protection Checklist
Background On 1 January 2021, the European General Data Protection Regulation (“GDPR”) ceased to apply in the UK, and a UK version of the GDPR – the “UK GDPR” – applies from that date. While the UK GDPR is generally similar in all key aspects to the GDPR, it applies as an independent, domestic law. […]
Bill to regulate the activities of Fintech Companies in Israel
New bill establishes two alternative regulatory regimes for Fintech companies who wishes to operate in Israel Dear Clients and Colleagues, Recently, the government submitted the bill to encourage the development of technology in the financial field in Israel, 5721-2021 (the “Bill“). The submission of the Bill is a major step in the process of […]
The VAT authorities’ postpones the date for submission of the monthly VAT return and the payment of the applicable VAT
Dear clients and friends, In light of the situation of the businesses in Israel and in order to assist the business sector, which faces cash flow difficulties due to, among other things, the limitations recently imposed by the Government on businesses due to the Covid-19 situation, the Israel Tax Authority granted an extension for the […]
Provision of brokerage services by UK firms to clients in Israel post Brexit
The ISA has decided to extend the terms of the General Permit under section 49A of the Securities Law, so that, post Brexit, certain regulated entities in the United Kingdom (UK) will be entitled to apply for a General Permit for the provision of brokerage services to clients in Israel. Dear friends and clients, Pursuant […]
INNOVATION IN 2021: THE VIEW FROM ISRAEL AND JAPAN
Over the past decade the number of Israel/Japan investment deals has increased three-fold. OurCrowd together with the top Israeli law firm Herzog, Fox & Neeman will delve into what is behind this staggering growth and how we can ensure it continues to the benefit of both countries. Leading professionals working in the regions will join […]
The FTC Enforces Against Deceptive Practices in Mobile Advertising
Technology & eCommerce Regulation in the Spotlight The Federal Trade Commission (“FTC“) has recently announced a settlement with Tapjoy, Inc. (“Tapjoy“), after it allegedly violated the FTC Act when it failed to provide in-game rewards that were promised to users for completing advertising offers. Tapjoy operates an advertising platform, through which advertisements are embedded within mobile […]
Consumer Protection Authority Draft Guidelines regarding Opinions, Ratings and Reviews on the Internet
Dear clients and friends, We wish to update you that on January 5, 2021, the Consumer Protection Authority (the “CPA“) published draft guidelines regarding opinions, ratings, and reviews on the internet (the “Draft Guidelines“). The Draft Guidelines were published in light of the extensive use of opinions, rating and reviews (“Reviews“) in online e-commerce websites, […]
Client Update – Tightening of the Third Lockdown
Dear Clients and Colleagues, Due to the continued rise in infection rates, as a result of the spread of Covid-19, the Israeli government has decided to tighten the lockdown imposed less than two weeks ago, and harshen the restrictions imposed by virtue thereof, as detailed in our previous client update. Accordingly, a Temporary Order was […]
Finding Funding During Covid-19
Tuesday, 12.01.21 | 11:00-12:00 | ZOOM WEBINAR Join Herzog and Sagent Management Israel for an intriguing panel discussion webinar, where we will be covering the considerations, challenges and the difficulties startups face specifically during Covid-19 and this altered funding environment. Come hear from experienced entrepreneurs on how they face and adapt to the new normal, […]
Herzog Fox & Neeman is pleased to announce the appointment of 10 new partners
International Capital Markets For Israeli Companies 2020 Overview, Trends & Analysis
2020 turned out to be a record year in capital markets. Israeli companies participated in the market frenzy and completed numerous material transactions including IPOs, convertible bond offerings, and SPAC mergers. Barclays Israel, Davis Polk & Wardwell and Herzog Fox & Neeman have joined forces to review 2020 capital markets transactions of Israeli companies and […]
Partner Gilad Majerowicz talks about potential opportunities for Israeli companies in Indonesia
The wave of normalization between Israel and majority-Muslim countries may arrive at the shores of Indonesia in the foreseen future. Indonesia, the 4th-most populous country in the world, is a huge new market for Israeli companies to operate in once a formal relationship is established. Our partner, and co-Head of Asia Practice, Gilad Majerowicz, recently […]
Proud to contribute again to a Global Legal Group’s International Comparative Legal Guide
Our team reviewed the landscape in Israel regarding Environmental, Social and Governance Law in 2021. The team, Janet Pahima, Liat Maidler, and Daniel Kaczelnik, highlight that beyond legal requirements, large Israeli investors have already aligned with international trends; they are considering ESG in evaluating the effects on anticipated returns or just as a matter of […]
The Impact of the 2020 U.S. Elections on Israeli Businesses
Please join Covington and Herzog for an off-the-record webinar where former senior government officials and leading attorneys will guide you through the 2020 United States election results and help you and your organization navigate their potential impacts on Israeli businesses. Discussion topics in focus include: The impact on market access for Israeli businesses, from taxation […]
Our Client TelCann LTD, has signed a substantial agreement with Canonic.
Our Client, TelCann LTD, a licensed medical cannabis cultivator, has signed a substantial agreement with Canonic, a company focused on developing medical cannabis products. The agreement will allow Canonic to develop its medical cannabis products, Precise and MetaYield, here in Israel. We thank our partner Dan Sharot and his associate Adi Rozenfeld who handled this […]
Input VAT incurred in the provision of “meals” do not constitute “employee benefits”
Dear colleagues and clients, Regulation 15A of the Value Added Tax Regulations, 1976 (the “VAT Regulations”) stipulates that input VAT that employers have incurred due to their employees cannot be deducted by the employer, unless it was proven to the VAT director that the input VAT was sold or provided as a service to the […]
Client Update – Third Lockdown
Due to the continued rise in infection rates, as a result of the spread of Covid-19, the Israeli government decided upon a new set of restrictions, which include, imposing a third lockdown in many areas of life. As a part thereof, a Temporary Order was enacted, whereby, as of Sunday, December 27, 2020, at 17:00, […]
The FTC Enforces Against Inadequate Vetting of Third-party Vendors
Technology & eCommerce Regulation in the Spotlight The Federal Trade Commission (“FTC“) has recently announced a proposed settlement with Ascension Data & Analytics, LLC (“Ascension“), over the allegation that Ascension failed to ensure one of its vendors was adequately securing consumers’ data. According to the FTC, one of Ascension’s service providers stored documents containing sensitive […]
Update – Official Announcement Regarding Ban on Entry by Non-Citizens/Non-Residents
Dear Clients and Colleagues, In follow up to our previous update – effective of yesterday (22 December 2020) until 4 January 2021, Israel is closing its borders to entry by individuals who are not Israeli citizens or residents. Relevantly, there are multiple exceptions, including for foreign experts; however, we were informed that the government will […]
Regulation Reduction Following the Abraham Accords
Dear Clients and Colleagues, Following the signing of the “Abraham Accords” between the State of Israel and the United Arab Emirates and between the State of Israel and Bahrain, the Israeli Ministry of Economy and Industry published for public comments a Draft Regarding the Free Import Order (Temporary Order), 5780 – 2020 (Amendment), 5781 – 2020 (“Draft of the Free Import Order”) and a […]
Have a Happy and Healthy New Year 2021
We want to thank you all for tackling the challenges of 2020 with us and hope that in 2021 we can travel again and see you all in person. Until then, have a happy and healthy new year! Herzog Fox & Neeman
New Developments – Ban on Entry to Israel for Non-Citizens/Non-Residents
Dear Clients and Colleagues, In a new development, the Israeli government has decided to bar entry to the country by anyone who is not a citizen or a resident of Israel – including an individual who already received prior ministerial approval to enter the country. Exceptions to this rule will be very limited. The current […]
Developments in international travel to Israel
Dear Clients and Colleagues, Responding to increasing infection rates (both in Israel and abroad), the Israeli government recently declared that, effective today (20 December 2020), all countries are considered “red” under the existing color-coded rating system for international travel and that all travelers entering Israel from a foreign country will be subject to a 14-day […]
New OECD Guidance on the Transfer Pricing Implications of the COVID-19 Pandemic
Can groups reduce the profit margins of their subsidiaries to zero? Can subsidiaries demonstrate losses? The unique economic conditions arising from COVID-19 and government responses to the pandemic have led to practical challenges for the application of the arm’s length principle. For taxpayers applying transfer pricing rules for the financial years impacted by the […]
Killer Acquisitions and Exit Strategies
This week, it was published that the US Federal Trade Commission and some of the American states are preparing antitrust charges against Facebook over the acquisitions of WhatsApp and Instagram. This is part of a trend marked by a tougher approach by American authorities towards big-tech companies. It is commonly assumed that this trend will […]
Our clients Percepto raised approximately $45 million in consideration for Series B Preferred Stock.
We were excited to work with Percepto – Autonomous Drones on its latest financing round, in which Percepto raise approximately $45 million in consideration for Series B Preferred Stock. The company develops drones for monitoring and analyzing industrial sites and other physical work areas largely unattended by humans. Our partners, Yair Geva and Yuval Zilber, and associate Helena Malinowski, worked on […]
Cyber Attacks – Prevention and Coping : Not a Question of If But When
The last couple of weeks have reminded all of us that a cyberattack is not a question of If but when. To help you and your organization avoid getting caught unprepared, we invite you to a webinar that will cover all the bases. We’ll review the legal framework, defending against an attack, and even negotiating […]
Our clients Behrens Investment Group, were the leading investors in the financing round of Israeli startup Intelligo Group.
Our clients, venture capital fund Behrens Investment Group, were the leading investors in the Series B financing round of Israeli business intelligence startup Intelligo Group. Intelligo, which has raised $15 million in the round, has developed an automated due diligence and personnel background checks platform based on AI. Intelligo has raised a total of $22 million […]
Partner Nimrod Kozlovski interview to 103fm
The hack and data stolen from the insurance company Shirbit reminded Israelis of the potential damage of such an event. Our partner and head of our Hi-Tech and Regulation practice, Nimrod Kozlovski, explained in an interview to 103fm that this breach was fairly limited, and that the main problem was the way the company handled the […]