The FTC Published Guidelines on Artificial Intelligence and Algorithms

12/04/2020 Technology & Regulation in the Spotlight The Federal Trade Commission (“FTC“) has released its guidelines on the use of artificial intelligence (“AI“) and algorithms. The guidelines emphasize the potential benefits of AI on welfare and productivity, but also refers to the risks that may occur alongside it such as unfair and discriminating decisions. In […]

Changes to Chrome Extensions and Ads Policies

24/05/2020 Technology & Regulation in the Spotlight New Updates to Chrome Policies to Restrict Some Extensions and Ads Two policy changes in Google Chrome, coming into force in August this year, are about to significantly affect many advertisers, publishers and extension developers in the Adtech industry. Google Updates its Spam Policy to Keep Spam off […]

Green Lantern and Discount Capital are entering into the green market.

Our clients, Green Lantern and Discount Capital signed an agreement to under which Green Lantern purchased approx. 33.5% and Discount Capital 16.5% of Marina Galil Group’s shares for an aggregated amount of approx. ILS 150,000,000. Marina Galil Group, through its subsidiaries, is a prominent supplier of mushrooms and the manufacturer of compost. Recently, the company […]

The Climate Change Challenge

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. Recent global developments indicate strong […]

New Guidance on Scraping of Publicly Available Personal Data Published by French Privacy Regulator

05/05/2020 Technology & eCommerce Regulation in the Spotlight The French Supervisory Authority (“CNIL”) published new guidance on the scraping and extraction of personal data from publicly available databases and web pages using automated tools, and the reusing of such data for direct marketing purposes. The guidance was issued after several complaints concerning such practices were […]

FRONTIER TECH | SPECIAL DIGITAL EDITION

We are proud to announce that our partner and head of Japan practice, Gilad Majerowicz, will speak at the Cybertech Tokyo 2020 – in a special digital edition of the Frontier Tech summit. The summit will discuss issues such as Quantum Computing, Space 2.0, The future of AI and more. Please join us on 15.12.20 at 23:00. Register […]

Accelerate Depreciation Regulations – Approved

Dear Friends, clients and colleagues, Following our August update regarding the publication of draft accelerated depreciation regulations to public comments, we are happy to update that the Income Tax Regulations (Accelerated Depreciation During the Coronavirus Period) (Temporary Provision), 5780-2020 (the “Accelerated Depreciation Regulations”) have been approved by the Minister of Finance on November 10, 2020. […]

The Ministry of Finance is signaling that it is ready to regulate broker-dealers in Israel.

Unlike the trend in other countries, in Israel, broker-dealer activity has been unregulated for many years. Our partner, Liat Maidler, and associate Zac Rechtschaffen, from our Capital Markets and Securities practice, explain to Calcalist, why this move is long overdue and what key principles should be taken into consideration. For the full article >> click here

THE NEW NORMAL OF NON-PROFIT ORGANIZATIONS | Practical Aspects of the New Reality

Opening and Overview of the Non-Profit Sector in Israel and the USA Orna Gradman (CPA), Audit Partner, BDO ISRAEL Matthew J. Becker (CPA), Audit Director, BDO USA   Digital Transformation – Achieving Greater Impact Kirstie Tiernan, Principal, Analytics and Automation, BDO Digital (USA)   Legal and regulatory updates Adv. John Hanna Bitar, Herzog   Doing […]

Significant Regulatory Developments Regarding Data Transfers under the GDPR

15/11/2020 Technology & eCommerce Regulation in the Spotlight The European Data Protection Board (“EDPB“) has published its recommendations on transfers of personal data from the EU to third countries under the General Data Protection Regulation (“GDPR”). The recommendations follow up on the ruling of the European Court of Justice (“ECJ“) on the “Schrems II” case […]

EGBA Published Code of Conduct on Data Protection in Online Gambling

17/06/2020 Technology & Regulation in the Spotlight The European Gaming and Betting Association (“EGBA“) published a code of conduct for online gambling operators on data protection (“Code“) in accordance with Article 40 of the General Data Protection Regulation (“GDPR”), which encourages the adoption of sectoral codes of conduct. The Code establishes a dedicated sector-specific rules […]

Our client, Israeli startup Deci AI has raised $9.1M

Our client, Israeli startup Deci AI, has raised $9.1M this week, allowing it to continue developing its optimization solutions. Deci develops AI machines used to optimize AI models for other clients, saving them time and resources. The team, led by our partner, Yair Geva and his associates Miri Wang and Shadan Jabareen, is proud to work and support this great company. […]

European Court of Justice Rules Pre-ticked Consent is Invalid

12/11/2020 Technology & eCommerce Regulation in the Spotlight On 11 November 2020, the European Court of Justice (“ECJ”) has published a judgement, in the case of Orange România SA (“Orange Romania“) v. Romania’s National Supervisory Authority for Personal Data (“ANSPDCP“). In this ruling, the ECJ held that where consent is provided in the form of […]

EDPB Issues Updated Guidelines on Consent

07/05/2020 Technology & Regulation in the Spotlight The European Data Protection Board (“EDPB”) has published new guidelines on consent under the General Data Protection Regulation (“GDPR”). These guidelines are updating and replacing the previous guidelines published in 2018 by the former EU data protection advisory regulator, the Article 29 Working Party, which were endorsed by […]

New Regulatory Guidance in the UK on Explaining AI-Based Decision-Making

07/06/2020 Technology & Regulation in the Spotlight The Information Commissioner Officer (“ICO“) and The Alan Turing Institute recently published a detailed practical guidance for organizations on explaining the processes, services and decisions delivered or assisted by Artificial Intelligence (“AI”), to the individuals affected by such decision making. The guidance was published in response to the […]

Final CCPA Regulations Submitted

03/06/2020 Technology & Regulation in the Spotlight The California Attorney General has reported that the final text of the California Consumer Privacy Act (“CCPA”) Regulations have been submitted to the California Office of Administrative Law (“OAL”). The final text of the Regulations is substantially identical to the text of the third draft released last March. […]

EU Court, Regulators and Internet Platforms Raise the Bar for Using Cookies

The ECJ Ruled that only Active and Unambiguous Consent is Sufficient for the Use of Tracking Technologies 31/10/2019 Technology & Regulation in the Spotlight The European Court of Justice (“ECJ“) has issued its long awaited decision in the case of Planet49, a lottery website that required users to consent to the storage of cookies in […]

European Court of Justice Invalidates Privacy Shield but Re-approves Standard Contractual Clauses

16/07/2020 Technology & Regulation in the Spotlight The European Court of Justice (“CJEU“), has published a ruling which invalidates the EU-US personal data transfer scheme “Privacy Shield“, but reaffirms the transfer of data using the “standard contractual clauses” mechanism.   Background According to the European General Data Protection Regulation (“GDPR“) the transfer of personal data […]

Brazil’s Data Protection Law is Effective Immediately

27/08/2020 Technology &  Regulation in the Spotlight After a long period of uncertainty regarding its schedule, Brazil’s new data protection law – Lei Geral de Proteção de Dados Pessoais (“LGPD“), takes immediate effect as of 27 August 2020. In addition, the administrative enforcement and sanctions under the LGPD, which were planned to become effective this […]

NIST Outlines a Set of Principles for Explainable AI

24/08/2020 Technology & Regulation in the Spotlight The National Institute of Standards and Technology (“NIST“) has recently published a draft guidance on explainable artificial intelligence (“AI“). Based on consideration of AI systems’ interaction with human recipients, the guidance highlights four fundamental principles of explainable AI: explanation, meaningful, accuracy and knowledge limits. Explanation: AI systems must […]

Draft Legislative Framework for Autonomous Vehicles in Israel

20/08/2020 Technology & Regulation in the Spotlight On 19 August 2020, Israel’s Ministry of Transportation and Road Safety (“MoT)” has published a Memorandum of Law (“Memorandum“) aiming to create a legal framework for experiments of autonomous vehicles, while increasing competition and the public’s trust in smart transportation. The Memorandum, which would amend the Israeli Road […]

The CCPA Regulations Have Been Approved and are Effective Immediately

19/08/2020 Technology & Regulation in the Spotlight Two months after their submission, on August 14, 2020, the California Office of Administrative Law has approved the final regulations (“Regulations“) for the California Consumer Privacy Act (“CCPA“). The Regulations are effective immediately while the enforcement under the CCPA itself already began on 1 July 2020. Several updates […]

New Regulatory Guidance in the UK on AI and Data Protection

02/08/2020 Technology & Regulation in the Spotlight Following two years of research and consultation, the UK’s Information Commissioner’s Office (“ICO“) has published regulatory guidance on artificial intelligence (“AI”) and data protection. This document complements other ICO resources, including its report on Big Data, AI, and Machine Learning (“ML“) and the recently published guidelines on explaining […]

Zoom is Obligated to Improve its Security Practices as Part of a Settlement

10/11/2020 Technology & eCommerce Regulation in the Spotlight On 9 November 2020, the Federal Trade Commission (“FTC“) has announced a settlement with Zoom Video Communications, Inc. (“Zoom“), over allegations of deceptive and unfair security practices, as well as undermining a browser security feature. As part of the settlement, Zoom is required to implement a comprehensive […]

Public companies will be allowed to Publish Reports in English

The Israel Securities Authority recently announced that its proposal to allow public companies to report in English was approved by the Knesset’s Finance Committee.   Dear Friends and Clients, The Israel Securities Authority (the “ISA”) recently announced the approval of the Knesset’s Finance Committee of the ISA’s proposal to allow public companies in Israel to […]