An update to the Conditions of a General Permit under Section 49A to the Securities Law

Dear clients,   We would like to inform you that the Israel Securities Authority (the “ISA”) has updated the conditions for obtaining a “General Permit” under section 49A of the Securities Law, 1968 (the “Updated Conditions” and the “Securities Law”, respectively).   By way of background, according to Section 49A of the Securities Law, the […]

Ben Wahlhaus at the International Court of Justice (the ICJ)

Congratulations to Ben Wahlhaus, from our Corporate and Securities Department, who is a member of the team defending Israel at the International Court of Justice (the ICJ), and who was part of the delegation in The Hague last week! Since October 7, Ben has been on reserve duty in the IDF’s International Law Department, where he […]

Congratulations to Delinea on the acquisition of Authomize

Congratulations to our client, Delinea, Inc., a leading provider of privileged access management, on completing the acquisition of the Israeli start-up Authomize Ltd. Authomize developed a cloud identity and access security platform that detects and eliminates identity-based threats throughout the cloud. The Herzog team, led by Michal Herzfeld, includes Yahya Qaq; Dr. Yuval Navot, Ronen Avner, Efrat Kesler Kadmon, and Niran […]

Can we finally see signs of optimism?

Yair Geva, head of our high-tech department, has recently wrote an article discussing the excellent start that the Israeli high-tech sector has had in 2024, despite the economic difficulties that the country is experiencing. What makes 2024 an attractive year for high-tech firms? What is the significance of the interest rate reduction announced by the […]

UserWay is acquired by Level Access for $98 million

We are proud to represent KKR in its acquisition of UserWay, an Israeli public company, for a deal value of approximately $98 million. UserWay is a pioneer in the field of AI-based digital accessibility. This milestone transaction shows that global private equity funds are continuing to invest in Israeli companies, which is an indication of […]

How will the Hamas terrorists’ October 7 trials be conducted

“The state of Israel has never before dealt with crimes and an investigation on this scale”, said Dr. Roy Schondorf, former deputy to the attorney general. “This will be one of the most important trials to take place in Israel.” How will the Hamas terrorists’ October 7 trials be conducted? Dr. Roy Schondorf, our partner in […]

Spera is acquired by Okta

Congratulations Dor Fledel & Ariel Kadyshevitch on the sale of Spera to Okta! Kudos to the amazing team at Herzog Tech who accompanied Spera from formation to exit: Yair Geva, Miri Wang, Adam Salkin, Uri Barak and Tzipi Zipper.

Herzog delivers, no matter what

In Israel, resilience isn’t just a slogan. It’s the enduring spirit that has made Israeli tech what it is today. Yes, there is an ongoing conflict and, for sure, there is trauma. But even with that, we are already adapting to a “new normal”, and business continues to operate. We are strong and resilient and committed […]

What lawful steps can Israel take in the context of the war against Hamas in Gaza?

Why should Israel adhere to the laws of war? What lawful steps can Israel take in the context of the war against Hamas in Gaza? Listen to the latest episode of KAN (HE) – Israeli Public Broadcasting Corporation podcast “Another Day” featuring Dr. Roy Schondorf, former Deputy Attorney General (International Law) and currently head of Herzog’s […]

Congratulations ARROW! The rebel alliance hit again with a $35 million Series B round led by Georgian, F2, Entree and NFX

Congratulations to Evyatar Ben Artzi, Gila Hayat and Tamar Sacerdoti at Darrow AI for completing this impressive Series B funding and securing a $35 million investment, led by Georgian with participation of existing investors F2 Venture Capital, Entrée Capital and NFX! Darrow is developing an AI platform for detecting legal violations and we are super proud to take a part on this amazing journey to conquer and revolutionize the […]

NVIDIA Invests in AI21 Labs

We are honored to represent once again NVIDIA in its investment in AI21 Labs. “Generative AI is driving a new era of computing across every industry. The innovative work by the AI21 Labs team will help enterprises accelerate productivity and efficiency with generative AI-based systems that are accurate, trustworthy, and reliable, ”said Jensen Huang, founder and CEO […]

Published: Proposed regulatory instructions regarding equity, insurance, or other collateral security

Dear clients and friends, We would like to bring to your attention that the Israeli Securities Authority published proposed regulatory instructions regulating capital requirements  for the activities of payment companies and holders of a basic Initiation license, in accordance with the Regulation of Payment Services and Payment Initiation Law, 2023 (“Regulation of Payment Services Law“) […]

Fintech ThetaRay raised $57 million

Excited to share that ThetaRay, our long term client, completed a US$ 57 million financing round. ThetaRay’s cloud-based transaction monitoring and screening solution uses market-leading proprietary and patented AI technology to monitor financial transactions quickly and accurately. In this uncertain and challenging period – this is an amazing accomplishment by the ThetaRay team! The success of […]

The Israel Innovation Authority (IIA) – New Rules Regarding Transfer of Manufacturing Outside of Israel and the Interest Rate on IIA Funding

The Israel Innovation Authority (IIA) has recently changed the rules that apply to IIA-funded companies regarding transfer of manufacturing outside of Israel and the interest rate on IIA funding. 1.Transfer of Manufacturing Outside of Israel Manufacturing outside of Israel that involves IIA-funded knowhow requires the approval of the IIA and may increase the royalty payments […]

We are happy to introduce our new partners

Our team is looking forward to 2024, and we are confident that our new partners, the majority of whom are Herzog alumni, will contribute to the success and continued leadership of the company. We congratulate you all!    

83(B) Election Update

What is an 83(b) Election? The 83(b) election is a provision under the Internal Revenue Code (IRC) Section 83(b). It allows individuals receiving restricted stock to pay taxes on the total fair market value (FMV) of the award at the time of issuance, rather than at the time of vesting​​​​. This election is particularly relevant […]

The Corporate Transparency Act: Key Insights for Global Compliance

Introduction The Corporate Transparency Act (CTA), effective January 1, 2024, represents a major U.S. initiative to combat financial crimes and enhance corporate transparency. Administered by the Financial Crimes Enforcement Network (FinCEN), the CTA aims to prevent illicit activities by making it harder for bad actors to use shell companies for illegal gains.   Who Is […]

Recent Developments in IP Case Law on Generative AI

The rise of generative AI technology has sparked a burgeoning debate in legal and technological spheres focusing on the attribution of intellectual property rights – inventorship of patents, authorship of copyrightable works – to AI systems. While lawmakers are moving slowly, the judicial systems are already handling this challenge. Patents UK Amidst this ongoing discourse, […]

AI Technologies Event

Unraveling the Buzz, navigating regulations and reshaping investment trends. We are proud to invite you to open the new 2024 year with Herzog’s AI Technologies Event, which we will host on January 15, 2024 in our conference center at Herzog Tower. If you want to hear more about the next wave of AI innovations for […]

Cohort II Launch Event

Wednesday, Jan 24th | 09:00 am | Herzog Tower, 6 Yitzhak Sadeh St. Tel Aviv Time to kick off Climate First’s second cohort with a bang! On January 24th, Israel’s top climate professionals will gather in one space in Tel Aviv. All our Cohort II participants will have a chance to introduce themselves, their groundbreaking […]

Herzog represented Paz group in the sale of 100% of “Pazkar” for 265 million NIS

Our firm had the pleasure of representing Paz group in a significant transaction, the sale of 100%  of “Pazkar”, Paz’s subsidiary, for 265 million NIS. “Pazkar” is a leader in the development and production of waterproofing products for the construction and infrastructure market. It was an honor to work alongside Paz and be a part […]

Liran Barak contributed to the Israeli chapter of Chambers Global Practice Guide – Gaming Law 2023

The Chambers and Partners Gaming Law 2023 guide offers comparative analysis from top-ranked lawyers world-wide. The Israeli chapter provides an overview of the legislative and regulatory framework relating to the gambling industry in Israel, and addresses current trends, key legislation, anti-money laundering legislation and expected developments in the gaming sector in Israel, among other topics. […]

EU Legislatures Agree on the World’s First Comprehensive AI Regulation

On 8 December 2023, the Council of the European Union and the European Parliament have reached a provisional agreement on the Artificial Intelligence Act (respectively, the “Provisional Agreement” and “AI Act“), setting a precedent as the first comprehensive legal framework for AI in the world. The Provisional Agreement follows marathonic talks between the legislative bodies […]

Overview of NVCA Documents Updates – October 2023

Dear clients and colleagues, In the ever-changing field of corporate law, staying updated on industry norms is crucial. We wish to inform you on the October 2023 updates made to the National Venture Capital Association (NVCA) templates, shedding light on key changes that have been incorporated into the Investment Rights Agreement (IRA) Model, Certificate of […]

Business Continuity- The October 7th Effect

What is happening in Israel today and how the wheels of the Israeli economy continue to spin? We are pleased to invite our contacts in Asia to attend a special one-hour webinar on Thursday December 7th about the security situation in Israel and business continuity. Thursday, December 7, 2023 | ZOOM Time: 12:30pm India | […]

Privacy Protection in IoT Household Products and “Smart Homes”

Dear clients and friends, On November 15, 2023, the Protection of Privacy Authority (the “PPA“) published a document on privacy in IoT (Internet of Things) household products and smart homes (the “Document“). The term IoT refers to the use of electronic devices with sensors that collect information from the environment, such as movement data, temperature, […]