Our latest news, insights & events
Over the past week, several legislative and regulatory updates relevant to international trade, exports, and regulatory compliance were published. We

Ban on the Import of Goods Produced with Forced Labor, Updates to Defense Export Controls, the Drone Legislative Memorandum, and the Encryption Reform at the Ministry of Economy and Industry
On July 28, 2026, an Israeli District Court sent a sharp warning to multinational groups, private equity funds, and other

Israeli Court Takes Aim at Leveraged Acquisition Structures – Francisco Partners Structure Deemed an “Artificial Transaction”
On July 28, 2026, the Israeli Parliament (the Knesset) approved an amendment to the Israeli Joint Investments in Trust Law,

Approved: A New Framework for “Alternative” Mutual Funds
It is that time of year again when many Israeli employees become entitled to a somewhat unusual employment benefit known

What Do You Know About Israeli Employment Law? Recuperation Pay (Dmei Havra’ah)
We are pleased to announce that Hadar Israeli is joining our Litigation Department as Partner. Hadar brings extensive experience in

Hadar Israeli and her team join Herzog’s Litigation Department
We wish to bring to your attention that on June 29, 2026, the Israeli Ministry of Finance published for public

Draft Bill for the Supervision of Financial Services (Issuance of Stablecoins) – Published for Public Comments
On 16 June 2026, Vermont’s governor signed into law the Vermont Data Privacy and Online Surveillance Act. The new act

Vermont Enacts Comprehensive Privacy Legislation
On 17 June 2026, the Bank of Israel published Circular No. H-06-2854 (the “Circular”), that amends Proper Conduct of Banking

New Covered Bonds route under Proper Conduct of Banking Business Directive No. 336 (Pledging Assets of a Banking Corporation)
We wish to bring to your attention that on June 7, 2026, the Israel Securities Authority (the “Authority”) published a

Israel Securities Authority Publishes Directive for Payment Companies Regarding the Implementation of an Open Banking Standard
On June 10, 2026, the Israel Securities Authority (ISA) published a draft directive for payment companies on management of money

Draft Directive for Payment Companies on Management of Money Laundering, Terror Financing and Proliferation Financing Risks
Herzog Fox & Neeman has brought Claude Enterprise, Anthropic’s frontier AI platform, into the firm. Herzog has always been early



