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 […]

New Landmark Regulations for the European Digital Market

Technology & eCommerce Regulation in the Spotlight The European Commission has unveiled draft versions of the Digital Services Act (“DSA“) and the Digital Markets Act (“DMA“). Both acts impose significant obligations on entities operating in the EU digital market, and especially on Big Tech companies, in the areas of content moderation, transparency and competition. These […]

New Privacy Requirements for Google Chrome Extensions

Technology & eCommerce Regulation in the Spotlight Google has recently announced new privacy related rules in the Chrome Web Store policy (“Policy Rules“). The implementation deadline of these new changes is 18 January 2021. This initiative is a part of Google’s Project Strobe, which analyzes third-party developer access to data in various services. One of […]

Knowledge Series 2020 | Transformation in the Legal Industry

Kudos to our partner, Yair Geva, who is going to be one of the global thinkers, in the Knowledge Series 2020, presented by Abu Dhabi Global Market (ADGM). Yair will be discussing the transformation in the legal industry. Register now >> click here

UAE – ISRAEL FUTURE DIGITAL ECONOMY SUMMIT

We are taking every opportunity to capitalize on the new Israel-UAE relationship. On December 7, our partner, Nimrod Kozlovski, the head of the Tech & Regulation department, will participate in the Future Digital Economy summit in Dubai. Dr. Kozlovski will be apart of the Cybersecurity in the Deep Learning Age panel. To learn more about the […]

“We are finally doing business with the Arab world”

“The UAE is working to reduce its dependence on oil and gas, and Israel’s technologies and knowledge can help develop the Emirates’ own industries.” Our partner Yuval Navot and the team at TMF Group tried to map out the main opportunities and biggest attraction points for Israeli businesses and investments in the UAE. Read the full post >> […]

Our client Logz.io raised $23 million in a Series E round

Our client, Israeli open-source company Logz.io raised $23 million in a Series E round led by Pitango Growth. The company develops an open-source platform for developers that detects and alerts current and future bugs in the system. Additionally, the company offers a popular information security product that allows organizations to protect their cloud infrastructure. Our partner and head of […]

New EU Guidelines Require Enhanced Transparency of Search Results Ranking

09/12/2020 Technology & eCommerce Regulation in the Spotlight The European Commission (“EC“) has adopted guidelines for online platforms with regard to enhanced transparency of their search results ranking parameters (“Guidelines“). These guidelines are pursuant to Regulation 2019/1150 on Promoting Fairness and Transparency for Business Users of Online Intermediation Services (“Regulation“). The Regulation was published in […]

European Union Approves New Regulation on Online Platforms

30/06/2019 Technology & Regulation in the Spotlight The Council of the European Union approved a new Regulation (Regulation (EU) 2019/1150; “Regulation”) on promoting fairness and transparency of online platforms, to ensure that businesses using online intermediation services and general online search engines have greater legal certainty and clarity with respect to the rules governing their […]

New Court Rulings in Israel – Israeli Court Narrows the Tax Benefits for New Immigrants

Dear Clients, Colleagues and Friends, Two new court rulings that were published in the last couple of weeks, cast some light on the interpretation of the tax benefits provided to New Immigrants, and the ongoing trend of minimising the application of these benefits. Background New Immigrants and Long Absent Returning Residents (individuals who return to […]

White House Proposes Guidance for Regulation of Artificial Intelligence in the Private Sector

29/01/2020 Technology & Regulation in the Spotlight The White House has published its proposed regulatory principles to govern the use of artificial intelligence (“AI”) in the private sector (the Guidance). The Guidance sets out policy considerations that should guide regulatory and non-regulatory oversight of AI applications developed and deployed outside the Federal Government. The Guidance, […]

The Climate Change Challenge – What Corporate Legal Counsel Need to Know

Corporations across all business sectors are facing increased risk due to climate change on multiple levels – physical risk to infrastructure and facilities, risk of supply chain disruptions, rising costs of financing and insurance, regulatory and litigation risks. Corporate legal counsel stand at the intersection of these developments, to identify climate-related risks and create tools […]

US Federal Court Enforces Against Deceptive Advertising Practices

06/12/2020 Technology & Regulation in the Spotlight Utah’s federal district court has recently issued its decision in the case of Vitamins Online, Inc. v. Heartwise, Inc. (doing business as “NatureWise“). The case addressed NatureWise’s alleged violations of the Lanham Act, which forbids false advertising, and Utah’s common law, due to its unfair competition and false […]

Recommendations of the Privacy Protection Authority regarding the conduct of epidemiological investigations

Dear Clients and Colleagues, We wish to update you that on 30 November 2020 the Israeli Privacy Protection Authority (the “Privacy Authority“) issued a publication setting out recommendations for the protection of privacy of individuals participating in epidemiological investigations which are being conducted for the purposes of containing the spread of the Coronavirus (the “Publication“). […]