Our latest news, insights & events
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

Herzog Onboards Claude Enterprise
Further to our client updates dated April 7, 2025, and August 18, 2025, we would like to update you on

Launch of U.S. Tariff Refund Mechanism
On May 11, 2026, the Supervision of Financial Services (Regulated Financial Services) Law (Amendment No. 18), 2026 (the “Proposed Amendment”)

Proposed Government Bill Allowing Foreign Service Providers to Obtain a “Tailored License” to Operate in Israel
We would like to bring to your attention that on May 4, 2026, the Economic Assistance Program Law (Temporary Provision)

Compensation Framework for “Operation Roaring Lion”
We are very pleased to share that Adv. Asi Messing, former General Counsel of the Ministry of Finance, is joining Herzog

Asi Messing, former General Counsel of the Ministry of Finance, is joining Herzog
Published: May 2026 · Last updated: May 2026 Authors: Dr. Ruth Dagan, Partner and Head of the Environment and Climate

Unlocking Carbon Market Demand: How Safe Harbors Can Protect Corporations from Greenwashing Risk
In recent days, a legislative amendment and an Extension Order have entered into force, which for the first time establish

New Legislation Concerning Reservists and Employer Reimbursement as well as Recent Case Law Developments
We wish to inform you that the Ministry of Economy and Industry has recently published a Draft Bill titled “Foreign

Publication of Draft Bill: ‘Foreign Trade Regulation Law – Control of Civilian Dual-Use and NBC Export – 2026’
A Material Tightening of Israeli Merger Control, with Distinct Echoes of the U.S. 2023 Guidelines On April 26, 2026, the



