“What is Good for Europe is Good for Israel” Reform

Dear Clients and Colleagues,   We are pleased to inform you that a comprehensive and significant reform in the field of imports, titled “What is Good for Europe is Good for Israel,” has recently been approved. This reform impacts four sectors: standards, food, energy efficiency in electrical products, and cosmetics. The aim of the reform […]

Manor Investment Fund invested in RP Optical Lab Ltd

It was our pleasure to represent Manor Evergreen Investments Fund Limited Partnership in its acquisition of 40% of the issued and outstanding share capital of RP Optical Lab Ltd, an Israeli company that develops and produces electro-optical modules mainly for the defense industry. The transaction reflecting a valuation of RP Optical Lab Ltd of NIS […]

Ingonyama Emerges from Stealth with $21M Oversubscribed Seed Funding

We are proud to announce that our client, Ingonyama – Zero Knowledge Proof Hardware Acceleration, has emerged from stealth with $21M in oversubscribed seed funding, led by Walden Catalyst Ventures, Geometry Ventures, IOSG Fund, and BlueYard Crypto. We couldn’t be more proud to advise yet another Unit 81 up-and-coming success story and work alongside Omer […]

Israeli Employment Law – Did you Know? Remote Work 

Dear Clients and friends, We are pleased to present you with another quarterly update for 2024, which, in the spirit of the summer holidays and upcoming holidays, we have dedicated to remote work. This update obviously cannot cover all aspects of this trendy issue, but it will hopefully provide you with some important insights and […]

Israeli Minister of Finance Announces Expected Implementation of Global Minimum Tax (Pillar 2) in Israel

Dear Friends, Clients and Colleagues,   Last week the Israeli Minister of Finance has announced that Israel will move forward with legislating a qualified domestic minimum top-up tax (“QDMTT”) in accordance with the OECD’s “two pillar solution”.  The two-pillar solution is intended to combat international tax planning by multinational enterprises and to distribute the taxing […]

Amendment No. 13 to the Israeli Privacy Protection Law

Dear Clients and Colleagues,   On August 5th, 2024, the Israeli Parliament has officially approved Amendment No. 13 to the Privacy Protection Law, 5741-1981 (hereinafter: the “Amendment” and the “Law“, respectively). The Amendment includes substantial changes to the Israeli privacy legislation, and its main objectives are to adapt the outdated privacy legislation to current challenges […]

Law of the draw: next level

Following the success of our last “Law of the Draw” event, we’re thrilled to announce our upcoming follow-up event together with Taylor Wessing LLP.   Join us for a half-day event on Sunday, September 8th 2024, filled with fresh insights into the latest legal challenges and opportunities in the gambling and gaming sectors. We’ll dive […]

The Singapore Convention on Mediation

The Implementation in Israeli Law of the United Nations Convention on International Settlement Agreements Resulting from Mediation, signed 7 August 2019   Dear Clients and Colleagues,   On 22 July 2024, the Israeli parliament amended the Courts Law [consolidated version], of 5744-1984, adding a provision allowing Israeli courts to give a mediation agreement, to which […]

New Rules for Short-Term Sick Leave Certificates

Dear Clients and Colleagues,   On June 20, 2024, an amendment to the Sick Pay Regulations (procedures for payment of sick pay), 1976, was published. The amendment allows employees to present a sick leave certificate and receive sick pay from their employer, without visiting a doctor. Until the amendment, in order to be eligible for […]

Rhode Island Passes Data Privacy Act; Vermont Privacy Act Vetoed by Governor

Following our recent update regarding the passage of the new privacy bill by the Vermont state legislature, the governor of Vermont has decided to veto the act. This is the first time that one of the 19 comprehensive privacy laws enacted by US states legislatures in recent years was vetoed. The governor cited concerns over […]

Reform of Standardization – “Do Not Stop at the Port”

Dear Clients and Colleagues,   Today, July 1, 2024, the “Do Not Stop at the Port” reform comes into effect, amending the Import and Export Order [New Version], 1979 (the “Order“). The amendment to the Order was published in the Official Gazette on January 17, 2024, with some of the amendments taking effect upon publication […]

Purchase Tax Relief for New Immigrants

Dear Clients, Colleagues and Friends,   A few days ago, a proposal was published to amend the purchase tax regulations regarding new immigrants.   The proposal intends to change the purchase tax liability in connection with the purchase of a residential apartment by a new immigrant. Currently, a new immigrant who purchases a residential apartment […]

Herzog’s Comparative Guide on Key Rights in US States Privacy Laws – V3

Dear clients, colleagues and friends, The legal landscape surrounding data protection in the United States continues to evolve and expand during 2024, after significant expansion in the previous year. Since the beginning of the year, 7 additional US states (Kentucky, Maryland, Minnesota, Nebraska, New Hampshire, New Jersey and Vermont) have enacted comprehensive general privacy laws, and […]

The Continuing War and the Workplace: Protection for Spouses of Reservists

Dear Clients and Friends, In light of the ongoing state of hostilities, we hereby update you in relation to a new amendment that provides protection to the spouses of reservists. In accordance with the Veterans (Return to Work) Law, 5719-1949, employers are already prohibited from dismissing employees as a consequence of their reserve service. If […]

Israeli Companies Traded on Nasdaq & NYSE Event

We are pleased to announce the upcoming morning seminar for Nasdaq & NYSE traded companies, taking place on June 17, 2024, hosted by Greenberg Traurig and Herzog. Some of the topics that will be covered are: How to be strategic in raising capital – available financing alternatives in public markets Investor relations and staying relevant […]

New Rules on Entry to Israel from Visa-Exempt Countries

Dear Clients and Friends,   Earlier this month, Israel announced a change in rules for travel to Israel.   These rules apply to visitors to Israel from visa-exempt countries. Visitors from countries for which a visa is required for travel to Israel must still obtain a visa as before. The new rule also does not […]

Minnesota is the 19th US State to Adopt Comprehensive Data Protection Legislation

The Minnesota legislature granted final passage to the state’s comprehensive privacy legislation. The legislation, named the Minnesota Consumer Data Privacy Act, is expected to be approved by the governor and to take effect on 31 July 2025, less than a month after Vermont‘s and Tennessee‘s new privacy laws. The act provides similar protections to other […]

The Colorado AI Act: America’s First Comprehensive AI Law

This month, while the EU AI Act receives its final vote and is about to be officially published, and enter into force, Colorado became the first state in the US to follow suit and enact comprehensive legislation regulating artificial intelligence, with the signing of the Colorado AI Act. This landmark act aims to protect consumers […]

Published for public comments: Draft Directive for Payment Companies Regarding Ancillary Services

Dear clients and friends, We would like to bring to your attention that on May 20, 2024, the Israeli Securities Authority (the “Authority “) published for public comments a draft “Directive for Payment Companies Regarding Ancillary Services” (the “Draft Directive“), which regulates customer protection aspects regarding ancillary services provided by a payment company. Section 22(c) […]

Common Law Spouses – New Supreme Court Rulling 

Dear Clients and Colleagues,   We are writing to update you regarding recent developments in the conditions for recognition of common law spouses, as a result of the Supreme Court judgment, which was rendered on May 6, 2024 in ALA 3323/23 Shlomo Insurance Company Ltd. v. John Doe (Nevo 6 May 2024) (the “Judgment“) by […]

Vermont is the 18th US State to Adopt Comprehensive Data Protection Legislation

Vermont’s legislature has passed the Vermont Data Privacy Act, which is now pending the governor’s final approval. Once approved, it is expected to take effect on July 2025 (together with Tennessee‘s new privacy law). The new act appears to provide wider rights and requirements comparing to previous privacy laws in US states, featuring a privacy […]

Global Employment Event

We are excited to announce the upcoming Global Employment Law Forum, taking place on 10 June 2024, which we are hosting along with international law firm DLA Piper and the ACC. Titled “Employment Law in a Changing World,” the Forum will address some of the hottest topics which have arisen during these turbulent times marked […]

Class Action Law Memorandum (Amendment No. 16), 5784-2024

Dear Clients and Colleagues, On April 21, 2024, the Class Actions Law Memorandum (Amendment No. 16), 5774-2024 (the “Memorandum“) was published for public comments. The deadline for submitting comments to the Memorandum is June 2, 2024. This Memorandum aims to incorporate into legislation, inter alia, the recommendations included in the inter-ministerial team report that focused […]

Climate Tech From Above

Leveraging space to tackle climate change 07.05,2024 | 17:30 | Microsoft Reactor Tel Aviv Derech Menachem Begin 144, Level 50, Tel Aviv-Jaffa Join us to explore the intersection of Space Tech and Climate Tech, diving into the latest trends and innovations that shape the future of our planet and beyond. ​This event will bring together […]

US FTC Rule Banning Non-Compete Agreements

Dear Clients and Friends, We would like to bring to your attention an important development regarding non-compete clauses under United States law. This new rule (which has not yet taken effect) will have substantial ramifications on employment law in the United States. On April 23, 2024, the Federal Trade Commission (“FTC“) put in place a […]

Published for Public Comments: Directives for Payment Companies Regarding Corporate Governance, Compliance and Risk Management, and Regarding Outsourcing

Dear Clients and Friends, We would like to bring to your attention that on April 18, 2024, the Israeli Securities Authority (the “Authority“) published for public comments two drafts: A draft directive for payment companies regarding corporate governance, compliance, and risk management, aimed at establishing guidelines and principles that will enable a payment company to […]

CEO ELITE SERIES

This is a call for all early-stage startup founders! We are excited to invite you to a comprehensive, exclusive weekly practical workshop crafted to allow CEOs to build their startups up for success. We will meet truly exceptional mentors who will share tips for professional growth and leadership as well as tools for navigating challenges. Hurry up […]

Nebraska is the 17th US State to Adopt Comprehensive Data Protection Legislation

Nebraska is about to become the seventeenth US state to adopt comprehensive data protection legislation, after its legislature passed the Nebraska Data Privacy Act, which is now pending the governor’s final approval. Once approved, it is expected to take effect in January 2025 (together with Iowa, Delaware, New Jersey and New Hampshire). The new act […]