Requirement to Conduct a Hearing for Contractor Employees

Dear Colleagues and clients, We wish to update you of a new and fundamental ruling by the National Labour Court, regarding the duty of the user of contracted services, to conduct a hearing for the contractor’s employees, especially in cases in which the user of the services (the “User”) wishes to end the placement of […]

Africa, Shine on! | Ghana -Israel Relationship and Opportunities

Hosted by Yossi Abramowitz Energiya Global, SID Israel and Herzog, Fox & Neeman invite you to join H.E. Mrs. Hannah Ama Nyarko, The Ambassador of Ghana to the State of Israel ,to learn about the Israel-Ghana relationship, discuss how to advance and expand our cooperation, and get an update on COVID 19, with a special look at […]

Changes in the purchase tax rates for a second residential apartment

Dear clients and colleagues, Several years ago, a temporary order for the period between June 24, 2015 and December 31, 2020 (the “Temporary Order”), determined that the purchase tax rates in Israel for a second residential apartment was increased in order to discourage investors from purchasing apartments in Israel. Accordingly, purchasing an investment apartment in […]

Protection of Privacy Memorandum

Dear clients and colleagues, On July 23, 2020, the Ministry of Justice issued, for public comments, a memorandum of law to amend the Protection of Privacy Law, 1981 (the “Law”), which seeks to reduce the scope of the obligation to register databases, as well as to amend certain definitions in the Law. It appears that […]

Congratulations to VGames on the Formation of a New Venture Capital Fund

We are proud to work with VGames on the formation of a new venture capital fund, dedicated to investments in Game Studios in their early stages. VGames was formed and is managed by Eitan Reisel, a former Google executive, and its anchor investor is Viola Ventures, one of Israel’s leading venture capital funds, alongside other local and international investors. […]

UNFOLDING PANDEMIC | LEADERS NAVIGATING THE UNCHARTED

Join partner Nimrod Kozlovski at the FutureMed 2020 online conference. FutureMed 2020 is a high-profile, globally broadcast conference featuring perspectives and practical insights from world leaders, decision-makers, experts, and other thought leaders directly involved in all aspects of responding to the recent Covid-19 emergency. For more information >> click here

What are “Alternative Trading Systems” and “Dark Pools” and is this the time for them to exist in Israel?

What are “Alternative Trading Systems” (ATS) and “Dark Pools” and is this the time for them to exist in Israel? A few days ago a legislation draft was published, which will push forward the establishment of ATS in Israel. Our partner Liat Maidler and associate Zac Rechtschaffen explain to Globes the advantages and disadvantages of this new legislation. For the full […]

Herzog Fox & Neeman represented Macquarie Capital

We are happy to announce another exciting investment in the cyber security sector. Our client, Macquarie Capital, led an investment round in XM Cyber, a startup developing a simulation and remediation platform to expose cyber attacks. The Series B funding round generated $17 million that will allow the company to grow both its R&D department and its […]

Publication of Draft Provision of Financial Information Services Law, 2020

Dear Clients and colleagues, In recent years, the Israeli government and the Bank of Israel have removed certain barriers to competition in  the financial market, and specifically in the banking system, in an effort to facilitate the entry of new participants. The changes include reducing the level of capital requirements required from banks, deposit unions […]

Remote Health Solutions: Sales and Investment in Canada and Israel

Please join us on July 21 for a special presentation on remote health solutions, focusing on sales opportunities for providers and available paths for investing in remote health solutions providers in Canada and Israel. This webinar will be hosted by Ted Shoub and Elad Travis, co-heads of Bennett Jones’ Canada-Israel initiative, and partner Aviram Hazak. Topics will include: What […]

Designated Stock Exchange

On July 2nd 2020, the Ministry of Finance published a Memorandum with respect to the proposed Securities Law (Amendment) (Designated Exchange), 5780 – 2020 (the “Amendment”). The purpose of the proposed Amendment to Securities Law is to set the basis for establishing a designated exchange in Israel, by, among other measures, removing obstacles and adapting […]

Talya Solomon’s Q&A About Israeli Merger Law

If you are interested in the Israeli merger law, our partner Talya Solomon, head of Antitrust and Competition Practice, provided a thorough review to The Legal 500 (Legalease) Country Comparative Guide. Solomon gives a detailed explanation of the rules and regulations, answers commonly asked questions and highlights the future changes and reforms to be expected. For the full […]

Webinar | Trends in the U.S. equity capital markets during COVID-19

In 2019, Herzog Fox & Neeman and Jefferies LLC (the Global Investment Bank)  made history in their monumental IPO of the Tel Aviv Stock Exchange.  Jefferies and Herzog Fox & Neeman lead the offering targeting global small and mid cap investors and local investors by completing both a Local IPO and a 144A/ Reg. S […]

Proud To Take Part in the Chambers Tax Controversy Guide 2020

We are very proud that we have once again been asked to write the Chambers Tax Controversy 2020 Guide. Managing partner, Meir Linzen along with partners Yaacov Sharvit, Yuval Navot, and Ofer Granot, wrote the Israeli chapter for the prestigious tax guide. The guide covers various aspects of managing tax controversies, including tax audits, cross-border exchange of information, administrative litigation, […]

Perforce Software, has completed its acquisition of TestCraft Technologies

Our client, Perforce Software, has completed its acquisition of TestCraft Technologies, which will allow Perforce to expand its automated testing platform. Perforce provides product development solutions that enhance productivity, visibility and scalability. This purchase will enable Perforce to expand its offerings to clients with the TestCraft platform, which leverages AI for codeless testing to decrease […]

TuneFork startup has completed its seed financing round

TuneFork startup has completed its seed financing round, led by Triventures-ARC fund. TuneFork technology allows users to take a short self-hearing test using only their smartphone and regular earphones. Following the test, the system builds the user a personal sound profile. The company’s goal is to help anyone to set up their sound devices in the proper […]

“Today, about 10% of Japanese foreign investments in startups are going to Israel”

With the trade war between the US and China intensifying, new opportunities for Israeli start ups are emerging in other regions in Asia, from Japan and South Korea to Taiwan, Hong Kong, and Singapore. Our partner and co-head of Asia practice, Gilad Majerowicz, explains to the Jerusalem Post. For the full article in the Jerusalem Post >> […]

Herzog Fox & Neeman Advises Aflac Ventures

We were proud to advise Aflac Ventures, the venture capital arm of Aflac, the largest provider of supplemental health insurance in the United States, in its first investment in Israel. Aflac Ventures participated in the most recent financing round of Pagaya Technologies, an Israeli fintech company that develops machine-learning technologies and big data analytics for investment […]

Congratulations to Cytegic, a cyber security start-up, on its acquisition by Mastercard

Congratulations to Cytegic, a cyber security start-up, on its acquisition by Mastercard. Cytegic’s unique capability is producing reports about vulnerabilities and threats in a way that is useful to all of the stakeholders of the organization, not only the technical team. Our team, led by partners Mor Limanovich, Adam Salkin, Ofer Granot and associate Yara Azzam, had the honor to work […]

Congratulation to Beehero for raising $4M to develop a “smart hive”

The bees’ place in our ecosystem is more significant than you might think, and the climate change puts them in danger. That’s why our partners at BeeHero are developing a “Smart Beehive” that helps farmers to monitor the bees in their fields and corps. Beehero’s product is innovative and adds technology to the way beekeepers monitor the […]

We are proud to take part in another Israeli exit.

Our partners, Hanan Haviv, Dana Zur Neumann and Rafael Herbst and associate Nadeem Shehadeh, represented NetApp, the cloud data services company, in the purchase of Spot, the Israeli cloud infrastructure management company. Spot has developed a product that reduces storage costs on storage, and they’ll be a great addition to the suite of services that Netapp offers its clients. For the article […]

The infrastructure boom: “The challenge is to explain to foreign companies what are the risks in these projects in Israel, compared with other countries”

Israel is currently in the midst of an infrastructure boom. Large transportation projects in Jerusalem and Tel Aviv are big opportunities for investors. Our partner, Mark Phillips, talked to The Lawyer about the issue and explained, “The challenge is to explain to foreign companies what are the risks in these projects in Israel, compared with other countries.”

Herzog Fox & Neeman Advised IEC -Israel Electric Corporation

Our client -IEC – Israel Electric Corporation has announced that a partnership of Edelcom, Edeltech and Shikun & Binui is the winning bidder in the tender for the sale of the 1,140 MW Ramat Hovav power plant for a price of approximately NIS 4.2 billion. The sale is another step in the implementation of the […]

Partner Liran Barak created a thorough review for The Law Reviews (TLR)

Interested in the regulation of gambling in Israel? Our partner Liran Barak created a thorough review for The Law Reviews (TLR). Israel’s approach towards gambling has traditionally been restrictive, and Barak doesn’t predict changes on the horizon, with expected increase in both restrictions and enforcement. Read the full review >> click here

Herzog Fox & Neeman Represented Meshek Energy

Meshek Energy, has raised NIS 141M, based on a valuation of NIS 376M, and will now be publicly traded on the Tel Aviv Stock Exchange. The company is controlled by eight financial organizations comprising of about 270 Kibbutzim and Moshavim all across Israel. Our partners, Nir Dash, Reut Alcalay, and associate Sharon Salinas represented the company in a very […]