Draft Guideline regarding the Role of the Board of Directors in Fulfilling the Corporation’s Obligations According to the Protection of Privacy Regulations (Data Security), 2017
We would like to draw your attention that on September 10, 2023, the Protection of Privacy Authority (the “PPA“) published, for public’s comments, a draft guideline regarding the role of the board of directors in fulfilling the corporation’s obligations according to the Protection of Privacy Regulations (Data Security) , 2017 (the “Regulations“). The fundamental position […]
The Digital Markets Act – Key Impacts on the Digital Ecosystem
Dear clients and friends, The Digital Markets Act (“DMA“), which was enacted alongside the Digital Services Act, aims to regulate the digital landscape in the European Union. Its primary objectives include promoting competitiveness, fairness, and equality within digital markets. The DMA came into force on 1 November 2022, and most of its obligations will enter […]
The UK Enacts the Online Safety Act to Increase Obligations for Internet Platforms
On 19 September 2023, the British Parliament had approved in a final vote the Online Safety Bill (the “Bill”). The Bill’s main goal is to protect children and adults online, and increase the responsibility and obligations of internet platforms with regards to the safety of their users. The UK Office of Communications (“OFCOM”) will be […]
FinTech-Aviv Winter Event 2023- Cancelled
It is with deep regret that we must inform you of the cancellation of the upcoming FinTech-Aviv event, scheduled for the upcoming Wednesday, October 11th, due to the ongoing situation in Israel. We share your hopes for peace and stability in the region and hope to see quieter days soon. Herzog is glad to be […]
California Privacy Regulator Published Draft Risk Assessment and Cybersecurity Audit Regulations Under CCPA
By Ariel Yosefi, On Dvori & Kobi Plotkin. The California Privacy Protection Agency (“CPPA“) has recently published its draft regulations for Risk Assessments and Cybersecurity Audits (“Draft Regulations“), complementing the California Consumer Privacy Act and regulations promogulated thereunder (“CCPA“). The CPPA is yet to start its formal rulemaking process, and the Draft Regulations are meant […]
Election Day for Municipal Authorities and Regional Councils, 2023
Dear Clients and Friends, As you know, in nearly two months, on Tuesday, October 31, 2023, elections for municipal authorities and regional councils will be held. Below is a short review of the implications of this Election Day relating to labor and employee matters. As per Amendment 44 to the Local Authorities (Elections) Law, 5725-1965, […]
Publication of the Supervision of Financial Services (Regulated Financial Services) (Amendment No. 14) Memorandum of Law, 2023 for public comments
Dear Colleagues and friends, We would like to bring to your attention that a few days ago, the Ministry of Finance has published for public review and comments a proposed amendment to the Supervision of Financial Services (Regulated Financial Services) Law, 2016 (the “Memorandum” and the “Law“, respectively). Comments can be submitted until 21st of […]
Herzog represented Essence Partners
Our team represented Essence Partners, one of Israel’s leading infrastructure investment funds, controlled by the Weil family, and part of the controlling group of Tomer Energy Royalties (2012) LTD (“Tomer”) (also acting on behalf of the other group members), in multiple aspects of a complex transaction for the purpose of taking private Alon Gaz Energy […]
Global Tax Perspectives- Cancelled
We sadly announce the cancellation of this event. Insights into Israeli and US Transfer Pricing and International Taxation Developments. Monday October 9 2023 | 09:30-12:00 IST | Herzog tower 6 Yitzhak Sadeh St Tel Aviv Israel US and Israeli structures are a growing interest for both companies and the tax authorities. Herzog, Sullivan and The […]
The Future of Carbon Markets | PLANETech World 2023-Cancelled
We sadly announce the cancellation of this event. Monday | October 16th, 2023 | 09:00-13:30 IST | Herzog Tower, 6 Yitzhak Sadeh St, Tel Aviv, Israel Join us for a deep dive into the dominant trends defining carbon markets today, and the transformative technologies and cutting-edge financing tools enhancing the role carbon markets play in […]
Boosting Growth: New Tax Exemption on Interest Income for Global Banks Lending to Israeli Tech Companies
Israel has recently introduced a new tax exemption for interest on loans from non-Israeli financial institutions to certain Israeli private and public technology companies. This tax exemption is part of a broader package of tax benefits granted under a new law to Israeli technology companies and their investors (you can find more details in our […]
Mind-Splitting Transaction
We are pleased to announce that Motive Partners, a fintech private equity firm, has committed US$50 million to Splitit Payments Limited, an Israeli company publicly traded on the ASX. Mind-splitting for its innovative nature – a two stage major investment, coupled with a going private merger from Israel to the Cayman Islands! This is a great boost […]
Herzog’s Contribution to the Chambers Enforcement of Judgments 2023 Global Practice Guide
We are pleased to announce that the “Chambers Enforcement of Judgments 2023 Global Practice Guide” has been published by Chambers and Partners. The Israel Law and Practice chapter was authored by our own Joseph (Yossi) Ashkenazi, Dr. Haim Machluf and Dr. Roy Schondorf. The guide is now live and free to access here.
Candivore completed investment transaction led by Haveli
A successful deal, which we are extremely proud of, was closed by our Hi Tech department this week. Candivore, a client of the firm, has completed an investment transaction led by Haveli Investments. The transaction was led by Hanan Haviv, partner and head of the department, along with partners Yuval Meidar, Dr. Ehab Farah and Shachar Porat, associate Gilead Reutlinger and intern Shelly […]
India Enacted its new Digital Personal Data Protection Act
On August 11, 2023, India has enacted its new privacy law – the Digital Personal Data Protection Act, 2023 (“DPDP Act“). The DPDP Act will replaced the Information Technology (IT) Act from 2000. It applies to the processing of digital personal data, which is broadly defined as any information linked to an identifiable individual and […]
Publications regarding the Collection and Use of Biometric Data in the Workplace
The Privacy Protection Authority Continues: Publications regarding the Collection and Use of Biometric Data in the Workplace and the Collection of Geolocation Data of Employees through Applications and In-Vehicle Tracking Systems Dear customers and colleagues, The Privacy Protection Authority at the Ministry of Justice (the “PPA“) recently published two documents concerning privacy aspects in the […]
Brack Capital Properties N.V. has completed an exchange tender offer of NIS 390 million!
It is our pleasure to congratulate Brack Capital Properties N.V. on completing a complex exchange tender offer, in which the Company’s bonds (Series B) were exchanged for the Company’s bonds (Series C) and cash in, a total amount of approximately NIS 390 million. Approximately 92% of the bondholders of the Company accepted the exchange tender offer, which […]
First issuance of credit-linked notes in Israel
Congratulations to Bank Leumi on completing a first-of-its-kind credit linked debt offering, in which Bank Leumi offered CLNs (Credit-Linked Notes) with a par value of NIS 500 million to institutional investors, listed on the institutional list on the Tel-Aviv Stock Exchange. This credit linked debt offering involved the listing of one of the most innovative and […]
Coro Acquires Network Security Startup Privatise
Congratulations to our friends at Coro for the successful acquisition of Privatise. A significant acquisition which concludes Coro’s amazing growth with $155M total funding raised in the last 12 months, and adds Coro with critical SASE capabilities to its single source of comprehensive security and protection — all managed through a unified, cloud-based platform — for any […]
Congratulations to Flora Ventures on their first closing!
Congratulations to our clients, Gil Horsky and Esther Barak Landes, on FLORA Ventures’ fantastic achievement –a remarkable first closing! FLORA Ventures invests in AgriFood-Tech start-ups from Israel and Europe, that are having a positive impact on human and planetary health We’re proud to be part of their journey and look forward to more incredible milestones ahead. Kudos to […]
Herzog assisted REE Automotive with At The Market Agreement
Herzog acted as Israeli counsel to REE Automotive Ltd. (Nasdaq: REE) in connection with an At The Market Agreement, with H.C. Wainwright & Co. Under the ATM Agreement REE would be able to offer, from time to time, securities in a value of up to $35 million. The transaction was led by Ron Ben-Menachem (capital markets), Mohammad Mawasi (capital […]
Unique conference by ‘Globes’ and ‘Discount Bank’ at Herzog : Finding the ROI on ESG
Last week, Herzog hosted a unique conference by ‘Globes’ and ‘Discount Bank’ : Finding the ROI on ESG (Environmental, Social, Governance) . Among the speakers at the Conference were Livnat Ein-Shay Wilder, Head of Herzog’s ESG sector who revealed that: “When I was appointed Head of the ESG sector at Herzog two years ago, there was […]
Reality Group has successfully raised NIS 1.7 billion for Reality V
Our warm greetings to REALITY GROUP, for raising its 5th value-add fund, Reality V, with NIS 1.7 billion from Israel’s leading institutional investors. We are proud and glad to step by your side as your legal counsels, to accompany the fundraising of Reality V and to witness how the Group had developed ever since we’ve formed […]
The world’s largest flight simulator company is arriving to Israel
During the importation and assembly in Israel of their 737 and 787 simulators, Herzog assisted Avenger Flight Group, LLC with complex commercial, tax, transfer pricing, and customs matters. Avenger is the global leader in commercial aviation simulation training business and the largest privately-owned training organization in the world. Avenger Flight Group opens a subsidiary in Israel to […]
Celebrating Our Successful Annual Employment Conference! ️
Thrilled to share the success of our annual employment conference held last week! It was a gathering of hundreds of HR professionals and legal advisors from diverse industries, making it an extraordinary event. We tackled the hottest employment issues head-on, including AI in HR, privacy, class actions, and workplace harassment. The special lecture by by Ms. Tair Revivo-Ifergan (former […]
Adv. Yosef (Seffy) Zinger was appointed Chairman of the Israeli Securities Authority
Herzog Fox & Neeman would like to congratulate Adv. Yosef (Seffy) Zinger, a senior partner in our Corporate and Securities Department and Head of the firm’s Insolvency practice, on his appointment as the Chairman of the Israeli Securities Authority. Meir Linzen, the Chairman of Herzog, and Gil White, the Managing Partner of the firm, said […]
NIS 2.5 Billion public offering of debt for Israeli Electric Company
We represented the Israeli Electric Company Ltd. in a NIS 2.5 Billion public offering of debt. The public offering, which enjoyed demands of over NIS 3 billion was regarded as one of the largest bond issuances of a non-bank entity in the last year on the Tel-Aviv Stock Exchange Ltd. The offering process included work […]
Ofer Granot and Daniel Rosenblatt in an article for TheMarker
A $300 million penalty was imposed against Seagate last month by the US Department of Commerce after it sold regulated technology to Huawei in China. This was the largest penalty ever imposed under the DOC’s export control laws. In yesterday’s TheMarker, our subject matter experts Ofer Granot and Daniel Rosenblatt break down the implications of this event for Israeli companies […]
Acquisition of Revela by Oddity
Proud to have acted on behalf of Oddity, the parent company of the IL Makiage and Spoiled Child brands, in the acquisition of Revela for a total of $76 million. Revela is an industry-leading biotech startup, bringing AI-based molecule discovery technology to beauty and wellness. With this acquisition, Oddity will establish ODDITY LABS and invest […]
AMI Opportunities Fund sells Go Global Travel to Yanolja
Herzog represented the AMI Opportunities Fund (advised by Apax Partners) in the sale of Go Global Travel, a company that provides B2B technology and services for travel businesses and travel agents, to Yanolja, a South Korean leisure and hospitality company. The transaction was led by our co-head of our Corporate and Securities department, Ran Hai and M&A […]
