Client Update | A New Tax Treaty between Israel and Australia
On March 28, 2019, Israel and Australia signed their first ever tax treaty (the “Treaty”). The purpose of the Treaty is to eliminate double taxation with respect to taxes on income, without creating opportunities for non-taxation or reduced taxation through tax evasion or avoidance. Amongst other benefits, the Treaty gives greater certainty to Israeli and […]
Client Update | New EU Directive on Copyright in the Digital Single Market
On March 26, 2019, the European Parliament approved the controversial Directive on Copyright and Related Rights in the Digital Single Market (the “Directive”). Although the Directive seeks to facilitate access to online content while providing proper remuneration for copyright owners, it imposes onerous obligations on internet platforms, which might ultimately adversely affect users’ access to […]
Herzog is Israel’s Most Innovative Law Firm for 2019 (IFLR Europe Awards)
We are delighted to announce that Herzog Fox & Neeman was crowned as the Most Innovative Law Firm in Israel of the Year 2019 by the IFLR Europe Awards. For further reading, click here.
Client Update | Removal of Barriers to TASE Membership | TASE will Grant Membership to Israeli Entities Operating Only for Nostro Accounts
On April 7, 2019, the Tel Aviv Stock Exchange announced its suggested proposals to the TASE Rules to further the removal of barriers to the entry of new members to the stock exchange. The removal of the barriers will allow for the first time Israeli entities to become stock exchange members even if they only […]
Last Call for Brokerage Permits | New Deadline for the Submission of Brokerage Permit Applications
Further to the client update of April 1, 2019, the Israel Securities Authority (the “ISA“) has published today some clarifications with regard to section 49A permit applications and the applicability of the new permit regime. Please note that the ISA has provided an extension thus permit applications may be submitted until May 30, 2019. To view the full […]
Last Call | The Brokerage Market is Under Supervision | Are You All Set for April 27th?
Further to the client updates published on November 9, 2017, June 18, 2018, and on January 1, 2019, we would like to remind you that the Israel Securities Authority (the “ISA”) has published its policy with regard to the grant of permits to foreign exchanges and brokers who wish to actively approach the Israeli public. According to the […]
Client Update | Herzog’s Technology & Regulation
Dear Clients and Friends, We are pleased to present the latest edition of our monthly Technology & Regulation Client Update, which includes a variety of notable regulatory and industry compliance developments in the fields of personal data protection, cybersecurity, digital advertising and content regulations, internet platform compliance policies and more. These include the following: The first […]
Client Update | CCPA Compliance Playbook for GDPR Compliant Companies
At the beginning of next year (2020), the new data protection reform in California (the California Consumer Privacy Act, or the “CCPA”) will come into effect, which will dramatically change the current data protection regulatory framework in the most populous state in the US. The underlying aim of the CCPA is to grant consumers greater control over the […]
Client Update | Value Added Tax | Tax Liability in a Transaction for the Sale of Shares on Credit
The Israeli Tax Authority recently published a tax decision (the “Decision”), which concerns the issue of liability for value added tax (VAT) with regard to the sale of shares, where the proceeds for such sale will be paid partly in cash and partly by way of credit. In accordance with the Decision, the interest component […]
Client Update | New USPTO Guidelines | Registration of Trademarks for Cannabis-Related Goods is now Allowed in the US
On May 2, 2019, the United States Patent and Trademark Office (the “USPTO”) issued new guidelines with respect to the examination of trademarks for cannabis and cannabis-related goods and services (the “New Guidelines”) following the recent signing into law of the 2018 Farm Bill. According to the New Guidelines, trademarks filed after December 20, 2018, for […]
Client Update | Technology and Regulation | May 2019
Dear Clients and Friends,We are pleased to present the latest edition of our monthly Technology & Regulation Client Update, which includes a variety of notable regulatory and industry compliance developments in the fields of digital advertising and content regulations, personal data protection, cybersecurity, internet platform compliance policies and more. These include the following: The Interactive Advertising Bureau’s […]
Client Update | Investment Tech | General Investment Advising Regulation
The Israeli Securities Authority (“ISA”) has published a draft for the public’s comments regarding the Regulation of Investment Advice, Investment Marketing and Portfolio Management Law (Amendment) (General Investment Advising) Bill (the “Draft Bill “). Background: In Israel, unlike other jurisdictions, there is no distinction between personal investment advice, which is tailored to the client’s needs, […]
Special Client Update | Tax | New Significant District Court Ruling | Compliance with Section 102
On July 4, 2019, the District Court in Nazareth (the “Court“) issued a significant court ruling which addresses compliance with Section 102 of the Israeli Income Tax Ordinance [New Version] 5721-1961 (the “Ordinance” and “Section 102“) and in specific requirements for compliance with the Trustee Capital Gains Route under Section 102(b). Although the case addressed […]
Client Update | New Significant District Court Ruling
A new District Court ruling in the case of Avner Nukrai v. The Israel Tax Authority approves the practice of the ITA to impose tax within a Voluntary Disclosure Procedure (“VDP”), on undeclared capital accumulated during tax years with respect to which the statute of limitation period has already expired. This tax is usually referred to as the […]
Special Cannabis Update | Recreational Cannabis Companies Granted Permission to List on the Tel Aviv Stock Exchange
The Israel Securities Authority (the “ISA“) and the Tel Aviv Stock Exchange (“TASE”) have recently approved the listing of companies acting in the field of recreational Cannabis (for use outside Israel’s borders) on the TASE. The Cannabis Industry is a dynamic and fast growing industry. Israel is establishing itself as a leader in the Cannabis […]
Client Update | Tax | Customs News
Customs News – Director Instruction No. 2.7 regarding the distribution of quotas and entry into force of the amendment to the trade agreement between Israel and Canada. Dear Clients and Friends, We would like to update you as to the following: A. Publication of amendment to Director Instruction No. 2.7 – provision of quotas by […]
Privacy as an Opportunity | Herzog Fox & Neeman’s Tech & Regulation Event Save The Date 7.3.18
We are delighted to invite you to an exciting Privacy Tech event we will hold on March 7th. The new wave of regulatory changes in the area of Data privacy will have a huge impact in 2018 and the following years, it will set the new rules and permanently change the way businesses collect, store […]
Globalising Your Branding Strategy | Herzog Fox & Neeman’s Intellectual Property Event | 12.3.18
Join us for a one of a kind conference about enhancing, expanding and maintaining your worldwide trademark and domain name portfolio. This event will be led by the head of Herzog Fox & Neeman’s IP Practice, Karen Elburg, winner of the Client Choice Award 2018 for Intellectual Property: Trademarks (Israel). For the full agenda and registration – click […]
First Law and Environment Conference | 25 Years of Environmental Law | 14.3.18
The conference will examine the relationship between environment, the economy and society, on the impact protecting natural resources has on our environment, the ways in which environmental law and regulation should evolve over the next 25 years and the main crossroads of environmental law and their implications for the needs of society and the economy. […]
360 Degrees of Competition Law | Annual Antitrust Conference | 20.3.18
Herzog Fox & Neeman welcomes you to the 2018 Annual Antitrust and Competition Conference, presenting the latest updates and expected trends for the coming months. The conference will discuss all aspects relating to antitrust including administrative, criminal and civil matters. For the full agenda and registration >> click here.
The Rise of Corporate Social Responsibility: Why Doing Good is Good for Business | Herzog Fox & Neeman | DLA | AmCham | 08.05.18
We are pleased to invite you to our upcoming morning seminar, The Rise of Corporate Social Responsibility: Why Doing Good is Good for Business. During the seminar, Herzog Fox & Neeman Partner and Head of Impact Investment, Janet Pahima, and DLA Piper Partner and Co-Founder and former Chairman of the Board of the Global Food Banking Network, William Rudnick, along with Israel-America […]
Africa: Continent of Tomorrow Series | AgriTech Connect: Opportunities and Challenges | 10.05.18
Africa is home to half of the uncultivated arable land in the world. As global populations, and consequently food demands, continue to grow, there is endless economic potential for those who succeed in unlocking the key to increasing African agricultural productivity through technology. At the sidelines of Agritech 2018, the Africa: Continent of Tomorrow series […]
The Northern Forum for the Advancement of Industry and Employment: Industry 4.0 – How to make things happen for you too | 22.05.18
Herzog Fox and Neeman, together with the Northern Forum for the Advancement of Industry and Employment in the Galilee and the Golan, is proud to host the upcoming conference “Industry 4.0 – How to make things happen for you too”. The conference will deal with the many layers of advanced production including the analysis of […]
Mergermarket M&A and PE Forum 2018 | 30.05.2018
Herzog Fox and Neeman are proud to collaborate with Mergermarket, White & Case and Rothschild & Co. to host the 2018 M&A and Private Equity Forum. The conference will host industry experts discussing mergers and acquisitions and venture capital funds. Click here for further information. To register please contact Kim Farber.
Doing Business in the Palestinian Authority: Practical and Legal Aspects | 30.05.18
Herzog Fox & Neeman, ACC Israel and Israel-America Chamber of Commerce are delighted to invite you to a one-of-a-kind morning seminar – Legal ABC’s on Doing Business in the PA. At the event, we will explore the many legal and practical questions that arise for businesses looking towards the Palestinian Authority as a prospect for potential commercial […]
07.06.2018 | Annual Gathering: Association of Bi-National Chambers of Commerce
Herzog Fox & Neeman is proud to host the annual meeting of the Association of Bi-National Chambers of Commerce. For more information please contact Tamar Tsemach.
10.06.18 | Doing Business in Asia: Practical and Legal Aspects
Asian markets, including Japan and China, offer significant opportunities for Israeli technology companies, both inbound and outbound. While Israeli companies continue to show increasing interest in expanding their businesses into Asia and taking advantage of changes in the legal, business and political environments, Asian corporations, especially large ones, are actively adopting “open innovation” and seek […]
19-20.06.2018 | 2018 STEP Conference
The 20th 20th Annual STEP Israel Conference will be held on the 19th and 20th of June at the Dan Hotel, Tel Aviv. The conference will focus on aiding HNW individuals and families navigate issues surrounding inheritance and planning. Click here for more details.
04.07.18 | Morning Seminar for Private Equity Fund Investors
Herzog Fox & Neeman and FPI are delighted to invite you to another morning seminar for private equity fund investors. This meeting is aimed at PE and PD fund investors from institutional investors to family offices. For more information and registration, please contact Michal Lavi.
17.07.2018 | ACC Labour & Employment Forum
The ACC, together with Herzog Fox & Neeman’s Labour & Employment Department, are delighted to invite you to their second in a series of topical forums. This event will discuss risk management in labour relations, litigation procedures in Labour Court and alternative methods to manage and resolve conflict in the workplace. Click here to register.