Search by Practice

Competition Law and Antitrust

Banking & Finance

Client updates

Israeli Privacy Protection Authority Publishes New Statement Concerning Location Data in Workplaces

September 19, 2021 / Netta Bromberg, Anat Even-Chen, Karin Kashi, Avishag Salomon

There has been an uptrend in recent years of employers using a variety of technological tools to supervise their employees and oversee the quality of their work. The use of these tools has become more prevalent due to the shift of many organizations to working from home last year.

See full article >

Categories: Employment | Privacy Law

Israeli High Court Ruling: Knesset Finance Committee Limited in Authority to Approve Tax Benefits for NPOs

August 31, 2021 / Sagi Gross, Izabel Pashayev

The Israeli High Court of Justice ruled recently that section 46 of the Income Tax Ordinance does not authorize the Knesset Finance Committee to exercise broad discretion in recognizing NPOs and in fact the Committee’s approval is limited solely to that related to its supervisory role.

See full article >

Categories: NPO

Europe: Amazon Slapped with Record-Breaking Privacy Fine

August 25, 2021 / Karin Kashi

E-commerce giant Amazon reported in its financial statements at the end of last month that the Luxembourg data protection authority had imposed on it a fine totaling EUR 746 million. The fine appears to have been laid on Amazon for its use of users’ personal data for targeted advertising, in violation of the EU’s General Data Protection Regulation (GDPR).

See full article >

Categories: Privacy Law | Regulation

Workplace Delta Variant Preparedness: New Guidelines on Quarantine Payments for Employees

August 9, 2021 / Netta Bromberg

Due to the recent increase in incidences of COVID-19, there has been an update to the guidelines on quarantine payments to employees. Here are the main points of the update, for your convenience.

See full article >

Categories: Employment

Amendment to Israeli Competition Rules – RPM Arrangements

August 8, 2021 / Anat Even-Chen, Ori Rodriguez

The block exemption for non-horizontal arrangements recently underwent a significant change. Beyond changing the name of the block exemption to “Rules of Economic Competition,” a significant amendment was introduced relating to the issue of price restraints in vertical arrangements.

See full article >

Categories: Competition Law and Antitrust

Class Actions Against Israeli Public Companies for Failing to Meet Mandatory Accessibility Requirements

August 2, 2021 / Eyal Nachshon

Dozens of motions were filed in recent weeks to certify class actions against some of the most well-known and leading publicly traded companies and reporting corporations in Israel. These motions to certify class actions are similar in nature (apart from the different defendants) and most were filed by the same plaintiffs-petitioners and through the same attorneys.

See full article >

Categories: Capital Markets | Class Actions | Ongoing Counsel

Israeli-UAE Tax Treaty

July 17, 2021 / Nir Ziman

On May 31, 2021, Israel and the United Arab Emirates signed a tax treaty. This is the first tax treaty between the states. It is expected to go into effect on January 1, 2022, after passing the necessary ratification processes in the Knesset and the government.

See full article >

Categories: Tax

Israel Securities Authority: Guidelines for Discussions with Investors Prior to Publication of a Prospectus

July 8, 2021 / Hagit Ross

A wave of IPOs continues to flood the market, prompting the Israel Securities Authority to publish a new staff position paper discussing three key topics.

See full article >

Categories: Capital Markets | IPOs and Public Offerings

Warning, Border Ahead? Expanding Israeli Courts’ Jurisdiction over Foreign Defendants

July 6, 2021 / Moran Bickel, Amichay Tessler

In early June 2021, the Tel Aviv-Yafo District Court handed down an important precedential ruling. The ruling expands the identity of an authorized agent, i.e., the entity to whom a statement of claim may be served and that thus subjects a foreign defendant to the jurisdiction of the Israeli court.

See full article >

Categories: Litigation

Dual-Listed Companies – Israeli Legal Liability for Reporting

June 22, 2021 / Andrey Yanai

The Tel Aviv District Court recently handed down a ruling in the Ceragon Networks case. The ruling states that dual-listed companies may face exposure to lawsuits based on the liability rules under Israeli law.

See full article >

Categories: Capital Markets | Corporate

Climate Law Memorandum: Goals and Means for Handling the Climate Crisis

June 15, 2021 / Sagi Gross, Izabel Pashayev

The Ministry of Environmental Protection recently published the Memorandum for the Climate Law 2021. The memorandum’s main purpose is to create an organizational framework for Israel's handling of the global climate crisis. It follows the developing trend among countries worldwide that have enacted similar climate legislation. According to the memorandum, handling the crisis shall occur on two primary levels. The first is prevention and minimization of greenhouse gas emissions in order for Israel to meet its international obligations under the Paris Agreement. The second is advancing national preparedness for the impacts and harms of the climate crisis.

See full article >

Categories: Environmental Law

Bank of Israel: Environmental Considerations and Risks Should Be Part of Banking Corporations’ Risk Management

June 13, 2021 / Anat Even-Chen

The Bank of Israel published its latest annual review at the end of May. The review includes an announcement by Supervisor of Banks Yair Avidan that he is promoting the formulation of updated comprehensive regulations on environmental risk management, considering the considerable importance he attributes to the subject of the environment.

See full article >

Categories: Banking & Finance | Environmental Law

Employers: Coronavirus Restrictions Have Expired

June 7, 2021 / Netta Bromberg

On June 1, 2021, the regulations that guided the conduct of workplaces during the coronavirus crisis expired. Accordingly, from this day forward, there is no longer a requirement to operate in accordance with the green tag or purple tag directives in the workplace. At this stage, holding gatherings, professional trainings, and group meals at the workplace is permitted, even without observing social distancing.

See full article >

Categories: Employment | Regulation

Contractors' Lawsuits for Recognition of Employment Relationship: Changing the Rules of the Game

June 6, 2021 / Netta Bromberg, Jacki Silbermann

One of the possible contractual forms between parties is the provision of services as an independent contractor (in colloquial terms, a freelancer). This type of contracting is not particularly favored by labor courts, which seek, as a policy matter, to apply employment relations in cases involving claims of the existence of an employee-employer relationship. Once in a while, labor courts establish new rules on recognizing employment relationships and on retroactive calculation of the rights of independent contractors as employees.

See full article >

Categories: Employment

Rules and Conditions for SPAC Issuances in Israel

June 3, 2021 / Andrey Yanai, Ronit Lerer

Over the past year, raising capital through SPACs has become a hot trend on Wall Street. The Israel Securities Authority recently published the conditions and principles for SPACs to launch IPOs.

See full article >

Categories: Capital Markets | IPOs and Public Offerings

International Commercial Arbitration Bill

May 10, 2021 / Gal Livshits

The commercial business world is a global one, and so are the disputes that arise within it. Such disputes are adjudicated in courts in various countries or in arbitration proceedings, with each procedure regulated under relevant domestic legislation. (For example, the Israeli Arbitration Law regulates Israeli arbitration proceedings.)

See full article >

Categories: Arbitration and Mediation | Commercial Litigation

Prenuptial Agreements - New Israeli Supreme Court Ruling

May 6, 2021 / Liat Keisary Yahalomi

Up until now, the Israel Tax Authority interpreted the Real Estate Taxation Law so that spouses who signed a prenuptial agreement and maintained separate property were considered a single family unit for the purposes of real estate tax.

See full article >

Categories: Private Clients | Real Estate Taxation

Israel Securities Authority Recommendations on Corporate Responsibility and ESG Risks

May 4, 2021 / Sagi Gross, Izabel Pashayev

In light of global capital market investors’ growing interest in the topic of responsible investments, the Israel Securities Authority recently published a proposed outline for corporate responsibility and ESG risk disclosures.

See full article >

Categories: Capital Markets | Environmental Law

Public Companies without a Controlling Shareholder: Amendment to the Companies Law

April 27, 2021 / Michael Barnea, Ron Shuhatovich

In recent weeks, the Israeli Ministry of Justice published a memorandum proposing an amendment to the Companies Law, focusing on the corporate governance regime in public companies without a controlling shareholder.

See full article >

Categories: Capital Markets

Can employers prevent unvaccinated employees from coming to work?

March 22, 2021 / Netta Bromberg, Jacki Silbermann

Yesterday, a labor court ruled for the first time that, under particular circumstances, employees who have not been vaccinated or do not present a negative coronavirus test may be denied entry to the workplace.

See full article >

Categories: Employment

1 2 3 … 19 Next >

Together is powerful

Search by Practice

Client updates