Japan / Israel Doing Business in Space
Gilad Majerowicz, Partner at Herzog’s Commercial Department, and Chairman of the Israel Japan Chamber of Commerce, was a moderator at the Space Tech Summit last Monday in Tel Aviv, in the Japan / Israel – Doing Business in Deep Tech panel. The Panel discussed Israeli and Japanese collaborations and included fascinating panelists and leading experts. […]
Draft Opinion of the Protection of Privacy Authority regarding the Collection of ID Card Numbers and Photocopies of ID Cards
Dear clients and colleagues, We would like to draw your attention that a few days ago, the Protection of Privacy Authority (the “PPA“) published, for public’s comments, a draft opinion regarding the collection of identification card numbers and photocopies of identification cards (the “Draft Opinion“). The Draft Opinion reviews the PPA’s position regarding the legality […]
Privacy-Related Aspects of Monitoring Remote-Working Employees
Dear clients and colleagues, We would like to inform you that the Protection of Privacy Authority at the Ministry of Justice (the “PPA“) has recently published an official guideline regarding privacy-related aspects of monitoring remote-working employees (the “Guideline“). The topic of remote employment and the ability of an employer to monitor its employees’ performance while […]
Texas to Become The 10th US State to Adopt Comprehensive Data Protection Law
Texas is poised to become the tenth US state to pass a comprehensive data protection law, after its legislature unanimously passed a bill to adopt the “Texas Data Privacy and Security Act” (“the Bill“). The legislature is now heading to Texas’ governor, who is expected to approve it to become into law. The newly Bill […]
The Regulation of Payment and Payment Initiation Services Law is Approved by the Knesset in the Second and Third Readings
Dear clients and colleagues, We would like to bring to your attention that on May 22, 2023, the Economic Plan (Legislation Amendments for the Implementation of the Economic Policy for the Budget Years 2023 and 2024) Law, 2023 Bill (the “Economic Plan Bill“), was approved by the Knesset in the second and third (and […]
AI IMPLICATIONS IN BUSINESS TRANSFORMATION
AI is revolutionizing the way we do business and has become an essential tool for many successful companies. This event aims to provide you with a comprehensive understanding of how AI can be implemented in your business and help you stay ahead of the competition. The RUtech IL community has invited top experts and leaders […]
The ITA Publishes Guidance and Safe Harbor for SAFEs
The Israel Tax Authority’s Guidance The Israel Tax Authority (the “ITA“) published yesterday a formal letter addressed to the Israel Advances Technology Industries association (the “Guidance“) concerning the classification of Simple Agreements for Future Equity (commonly referred to as “SAFEs”) as an investment instrument for tax purposes. The Guidance (in Hebrew) can be found here. […]
Guidelines by the Equal Employment Opportunities Commission in preparation for the publication of the Annual Wage Gap Reports
Dear Clients and Colleagues, We would like to bring to your attention that the Equal Employment Opportunities Commission (EEOC) has recently published updated guidelines to employers, regarding the manner in which they should prepare their annual reports, detailing the average wage gaps between male and female employees, in accordance with the Equal Pay for Male […]
Advised Goldman Sachs in connection with Ormat Technologies’ $340 Million stock offering on NYSE
Congratulations to Goldman Sachs for acting as the sole book running manager of a $340 million equity offering by Ormat Technologies on the NYSE. We were happy to assist in this transaction as Israeli counsel. Ron Ben-Menachem and Mohammad Mawasi worked on this transactions, along with Davis Polk who acted as underwriters’ counsel.
Yair Geva on tech12
Super excited to have our head of Tech, Yair Geva, on tech12’s annual list of the most influential people in Israel’s Tech. To read more >> Click here
Congrats Dor, Ariel and Spera Security on your $10M Seed Round
It was a privilege to assist Spera Security in its $10M seed financing led by YL Ventures. Ariel Kadyshevitch and Dor Fledel deserve congratulations for launching a truly unique identity security solution.
Transfer of Data to Israel from the European Economic Area
Dear clients and colleagues, Further to our previous clients update on December 7, 2022, we wish to update you that on May 7, 2023, the Protection of Privacy Regulations (Instructions Regarding Data Transferred to Israel from the European Economic Area), 2023 (the “Regulations“), were officially published. The background for the Regulations is the review process the European Commission currently […]
Tennessee and Montana are Joining the Privacy Legislation Trend
The wave of comprehensive state privacy legislation in the US continues to grow, with Montana and Tennessee passing their respective bills on 21 April, joining Indiana and Iowa which also passed similar acts earlier this year. Montana’s new privacy act will enter into force on 1 October 2024, while Tennessee’s will follow on 1 July […]
Sustainable Mobility & Fleets
Join our event on sustainable mobility technologies, learn how to fundraise during challenging times and listen to LIVE startups pitch Startups Pitch LIVE on the stage Experts panel on the challenges that sustainable mobility startups are facing Executive Key note speakers from the global market Register now >> click here
MiCA Regulation | Herzog’s Guide to the new EU Crypto Regulatory Framework
Dear clients, colleagues and friends, The European Parliament voted last week to enact the Regulation on Markets in Crypto-Assets (“MiCA“). MiCA is expected to establish the first pan-European harmonized and comprehensive regulatory framework for crypto-assets and related services and activities. The new regulation introduces uniform requirements for the offering and market placement of different types […]
Indiana is the Next US State to Enact a Comprehensive Consumer Data Protection Act
Indiana is set to become the 7th US state to enact a comprehensive data protection law, after its legislature has passed Indiana’s Consumer Data Protection Act. The new act, modeled after the privacy legislation in Virginia, Utah, and Iowa is expected to be approved by the Governor shortly and extend privacy protections in the US. […]
What do you know about Israeli employment law? Prevention of Sexual Harassment
Dear Clients and Friends, We are pleased to present you with our second quarterly update for 2023 ! This time, we have chosen to devote our update to an issue that, unfortunately, is always relevant – prevention of sexual harassment at the workplace. What do you know about the prevention of Sexual Harassment under Israeli […]
Labour & Employment Legal Updates
Dear Clients and Colleagues, In time for Spring, we would like to share the following recent updates in the field of Labour law: A. Increase of the minimum wage to 5,571.75 NIS, beginning April 1, 2023: The Minimum Wage Law, 5747-1987 (the “Minimum Wage Law“) establishes that employees have a right to a wage not […]
Foreign Residents’ B2C VAT Liability with respect to Importation of Digital Services to Israel – Removed from the 2023-2024 Budget Legislation
Dear friends and clients, Further to our client update from February 26, 2023, we would like to bring to your attention that, in accordance with the Knesset Committee decision of March 30, 2023, the legislation amendment regarding foreign residents’ liability to pay value-added tax for the importation of digital services will not be enacted within […]
Climate First Launch Event
Herzog and Climate Dirst invite you to join us at the Climate First Launch Event on Thursday April 20th at 4:30 pm. More details and agenda will follow. Register here
Corporate Startup Stars Roundtables- How International Corporates Approach Israel
Benchmarking open innovation Mind the Bridge is happy to invite you to join the Corporate Startup Stars Roundtable, our new format where top-notch innovation executives share best practices in Open Innovation and Corporate Venturing. The Roundtables are organized in the main tech ecosystems and hubs. Participating companies are selected among the Corporate Startup Stars community, […]
The Regulation of Payment and Payment Initiation Services Bill has been Approved by the Knesset in the First Reading
Dear clients and colleagues, We would like to bring to your attention that on 27 March 2023, the Economic Plan (Legislation Amendments for the Implementation of the Economic Policy for the Budget Years 2023 and 2024) Law, 2023 Bill (the “Economic Plan Bill“), was approved by the Knesset in the first reading and is expected […]
Congratulations CodiumAI
Herzog Tech is proud to be working with CodiumAI and its founders Itamar Friedman and Dedy Kredo, and assist them with their journey to transform code development.
Clal invests in European Hospitality Real Estate Fund launched by PPHE Hotel Group
Congratulations to our client, Clal Insurance & Finance, on joining forces with PPHE Hotel Group in connection with a new hotel fund. The Fund is scheduled to acquire hotels in city centers in Western Europe in opportunistic transactions and aims to raise a total of NIS 1 billion to implement its strategy. Thanks to our partner Itay Lavi, associates Moshe […]
Teva Pharmaceuticals Industries announced the pricing of an offering of approximately $2.49 billion senior notes
We are proud to announce a new transaction regarding debt issuance in the amount of approximately $2.5 billion! Herzog acted as Israeli counsel to Citigroup, Goldman Sachs Bank, Mizuho, MUFG and PNC Capital Markets LLC as the active joint book-running managers of a $2.5 billion sustainability-linked senior debt offering by Teva Pharmaceuticals Industries. That offering was combined […]
Investment by RAGNAR in Delek Israel Properties
We congratulate our client, Ragnar, on its investment in Delek Properties in the framework of which Ragnar will invest up to NIS 50 million in Delek Properties in exchange for the issuance of ordinary shares by Delek Properties to Ragnar. The transaction was led by partners Nir Dash and Reut Alcalay and associates Dvir Uziel and Fanny Elgrably. For more information […]
Herzog Contributed to the Employment Law Review’s Fourteenth Edition
Herzog’s Labour & Employment partners Orly Gerbi, Maayan Hammer-Tzeelon, Nir Gal, together with associates Keren Assaf and Naama Friedman Laish and partner Ohad Elkeslassy from the Commercial department, teamed up to write the Israeli chapter of this year’s Employment Law Review. The chapter focused on Israel’s recent changes in labour laws and discussed the New […]
Navigating Through the New Privacy Regimes Under EU and US Laws – Herzog’s Contribution to the US-Israel Legal Review 2022
We were happy to contribute once again to The US-Israel Legal Review 2022. The Review is a co-publishing venture from the teams at Global Legal Media and Nishlis Legal Marketing. Ariel Yosefi, head of our Technology & eCommerce Regulation practice, wrote the chapter focusing on the new privacy regimes under EU and US laws. “We encourage […]
Iowa Passes a Comprehensive Data Protection Law
Iowa’s House and Senate have unanimously voted to approve a new and comprehensive privacy act (“the Bill“). In the absence of a comprehensive federal data protection framework, Iowa will be the sixth state to enact a state privacy law, following California, Virginia and Colorado, Connecticut and Utah. The Bill is materially similar to the abovementioned […]
THE PRI EVENT IN ISRAEL
The IFIE, Greeneye, Value², Elah Fund & Herzog invite you to the Israel launch event for the – UN supported Principles for Responsible Investment (PRI). The PRI is the world’s leading proponent of responsible investment, with over 5300+ signatories around the world and $120 trillion AUM. Please join us for a professional workshop on how […]
