News & Publications

Dear Clients, We’re excited to bring you the latest development in Israel’s legal landscape. On February 12, 2024, the Israeli Knesset passed the International Commercial Arbitration Law, signaling a significant milestone in the country’s approach to resolving international commercial disputes. What exactly is the International Commercial Arbitration Law, and how will it impact international transactions […]

On January 15, 2024 the EU Commission has issued a “REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the first review of the functioning of the adequacy decisions adopted pursuant to Article 25(6) of Directive 95/46/EC” (the “Report”). The Report includes the EU Commission’s decision to reconfirm Israel’s adequacy in relation […]

In December 2023, new legislation was adopted on Handling Serious Cyberattacks in the Digital and Storage Services Sector (Temporary Provision – Swords of Iron), 5774-2023 (“Law” or “New Law” or “New Legislation”). The background of the New Legislation relates to the ongoing war, as cyberattacks against civil entities have risen both in scope and intensity, […]

The Israeli Privacy Protection Authority (the “PPA”) has recently published a new draft guidance (the “Guidance” or the “draft Guidance”), outlining the role and responsibilities of boards of directors in fulfilling organizations’ obligations according to the Protection of Privacy Regulations (Data Security) 5777-2017 (the “Protection of Privacy Regulations” or the “Regulations”). As the PPA explains, the […]

We would like to bring to your attention that on October 18, 2023, the Knesset passed the Law on Postponement of Deadlines (Temporary provisions – Swords of Iron) (Contract, Verdicts or Payment to the Authority) 5784-2023 (“Temporary Provision”), and on November 7, 2023  as well as on December 7, 2023, the Minister of Defense extended […]

On November 7, 2023, the Israeli Securities Authority (“ISA”) published guidelines and key points for reporting corporations regarding the required disclosure of the implications of the “Swords of Iron” War (the “War”) when issuing immediate reports and in connection with preparation of the periodical report for the third quarter of 2023.  To review ISA’s guidelines […]

On May 16, 2023, the Israeli Tax Authority issued guidance regarding the taxation of investments in companies through Simple Agreement for Future Equity (i.e., SAFE). SAFE instrument was introduced as an alternative to traditional investment or convertible loan for early-stage investments in startups. SAFEs offer simplicity, efficiency and cost-effectiveness and enable the startup companies to […]

Background The Israeli Ministry of Justice has recently published for public comments a new draft of privacy protection regulations, aimed at regulating the retention and use of personal data transferred from the European Economic Area (EEA) to Israel (the “Draft Regulations”). The Draft Regulations are proposed in connection with the ongoing review process that the European […]

Despite the scale of the damage to the global economy and the price of social isolation from the Coronavirus pandemic, there are positives to take relating to the climate crisis we face. Although the upcoming World Climate Conference (COP26) may be canceled or postponed, because of the Coronavirus, there are some insights to point out. […]

Many mergers and acquisitions, including investments, have a time period between signing the transaction agreement and closing the transaction. Several factors may lead to that time period such as the need to obtain regulatory approvals (e.g., Competition Authority, the Israeli Lands Authority) to complete the transaction or to obtain the approval of the target company’s […]

An employee exercising options to company’s shares is not necessarily a shareholder with shareholders rights as long as those shares are held by the trustee According to a recent decision in the Haifa District Court – Civil Case 19042-03-18 Navon vs. Sol Chip Ltd. – an employee has been granted options to purchase shares of […]

We are delighted to announce the joining of Erez Tik, recent CEO of the Luzon Group, a publicly listed Israeli company active in the development of residential real estate and energy projects in Israel, Poland and Slovakia. Erez will head the firm’s Real Estate and Hotels & Leisure Department and is renowned as one of the country’s […]

In a recent ruling by the Judge of the Economic Department of the Tel Aviv District Court, Ruth Ronen, a guideline was given in relation to the application of the Business Judgment Rule doctrine to decisions taken by the officers of a company in the context of dividend distribution. In the case, an application to […]

Yesterday, the Israeli cabinet approved the long-awaited export of medical cannabis from Israel. The Israeli cabinet decided to permit export of medical cannabis products to countries that accepted the Single Convention on Narcotic Drugs of 1961 and willing to import medical cannabis from Israel. Export of medical cannabis products will be permitted, but no plants, […]

The new Design Law, which came into force this week, provides greater clarity and certainty regarding the rights of design owners in the products they have created, and extends the protections afforded to designs and the range of remedies they are entitled to, in the case of infringement. It is important that design consumers be […]