Client updates

The Israel Securities Authority imposes supervisory obligations on foreign brokers with regard to the activities of their marketers in Israel.

The conflict between copyright protection for content creators and the development of AI platforms by companies is being litigated once again in court. Can appropriate regulation reconcile between the parties’ needs?

The Israel Innovation Authority is granting support to new angel investor clubs as part of a series of measures to encourage entrepreneurship and the high-tech industry in Israel.

A district court in Israel has ruled to impose personal liability on a company’s CEO and director for the company’s accumulated debt to the Registrar of Companies in respect of annual fees, after the company ceased operating, because the CEO and director refrained from opening court proceedings to liquidate the company.

The document published by the Ministry of Innovation, Science and Technology, in conjunction with the Ministry of Justice, specifies the principles for developing and supervising AI technologies and their use by entities in Israel.

The circumstances of the Swords of Iron War have led to new emergency legislation in Israel encouraging residents to enlist in their towns’ local defense squads. Anyone called up under an Order 8 for active duty in a kitat konenut is entitled to a reserve benefit from Israel’s National Insurance Institute.

The Regional Labor Court in Tel Aviv has recognized an employee’s resignation as tantamount to dismissal under the law due to the employer’s use of surveillance cameras around the employee’s workstation in a manner inconsistent with the Privacy Protection Authority’s guidelines and the court’s position in such matters.

The IIA’s funding tracks for proof of concept (PoC) give breathing room to fledgling entrepreneurs and ventures during their efforts to transform an idea into a product, even before outside investors are considered.

An Israeli regional labor court overturned the dismissal of an employee who made statements against IDF soldiers, citing defects in the hearing held for the employee. 

The EU Data Act will supervise companies that manufacture and supply smart devices (IoT devices) and companies that handle data collected by these devices, as well as enact a series of regulations designed to protect consumer privacy.

The various restrictions being imposed on the population, including evacuations of many residents from northern and southern regions, the unique situation of the families of abductees, captives, and missing persons, and the massive mobilization of reservists, have led to an amendment to the Protection of Employees in Times of Emergency Law. This amendment expands the protection of employees from layoffs under exceptional circumstances. 

Israel’s government has drafted new regulations in the wake of Operation Swords of Iron, due to the increase in the scope and quality of cyberattacks against civilian entities.

A man who entered Israel with drugs in his possession sought to expose the Israel Police’s use of AI tools that resulted in his inclusion in a list of suspected drug couriers. The court’s criticism of the police’s tactics clarifies that even if the AI system leads to correct identification or to accurate decisions, its mechanisms must be transparent, explainable and auditable. 

After lengthy discussions, the Knesset approved a wartime compensation outline for businesses. The outline offers compensation of up to a maximum of ILS 1.2 million to businesses with annual turnovers ranging between ILS 12,000 and ILS 400 million.

The SEC is taking a regulation by enforcement stance toward NFTs and is creating legal uncertainty in the field. Will the Israel Securities Authority follow suit?

The legislative process has ended and prescribes a series of reliefs and expansions in order to provide a solution for a relatively wide spectrum of employees sent home on unpaid leave as a result of the war. The law applies, inter alia, to pregnant women and women on maternity leave, employees with disabilities and employees over the age of 67.

Employers may claim compensation for wages paid to employees unable to report for work because of evacuation from one of the border communities specified in government decisions.

The United States is looking to institute rules for the safe development and use of artificial intelligence, to regulate government use of AI, and to establish its leadership in the AI field.

Legitimate tax planning or an artificial transaction to reduce tax liability? Israeli court ruling on a dividend distribution prior to a sale of shares or holdings of a company.

The Israeli Minister of Labor signed a general permit to employ teenagers during evening hours due to the state of emergency in the economy. This permit expands the work hours during which teenagers between the ages of 16 and 18 may be employed.