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March 26, 2025
AI is becoming more human than ever: Are service agents on their way out?
AI is becoming emotionally intelligent, with new models designed to recognize and respond to human emotions. Tech companies are investing in emotional AI to improve customer service, potentially making AI agents more empathetic and, than human representatives. Dr. Avishay Klein, Partner and Head of our Privacy, Cyber AI Department, spoke to Globes about what the near future of this technology might look like.
March 25, 2025
Can ChatGPT be sued in Israel? Israeli court has issued its ruling
The District Court in Israel recently ruled that it has jurisdiction to adjudicate a class action filed against OpenAI, the creator of ChatGPT.
March 24, 2025
Pay Attention: Clearview AI to Pay Landmark Amount for Collecting Biometric Data Without User Consent by Scraping
Recently, a US District Court in Illinois has granted final approval to a settlement in the Clearview AI consumer privacy litigation, concerning the company’s controversial practices of collecting and storing biometric facial recognition data. This should serve as a reminder that US state privacy laws are as relevant as ever and that their violation may lead to significant penalties.
March 23, 2025
New Legal Protections for Bereaved Employees in Israel
The Families of Fallen Soldiers Law was amended recently, which prohibits employers in Israel from dismissing any employee who is a member of a fallen soldier’s family (“bereaved employee”), from docking his/her wages, from reducing his/her appointment percentage and from sending him/her home on unpaid leave during the year of mourning.
March 23, 2025
Barnea: Representation of Munich Re in $2.6 Billion Acquisition of Next Insurance
Advs. Ariella Dreyfuss and Dean Weinberg from our corporate department assisted Munich Re, together with our colleagues at Kirkland Ellis, on its definitive agreement to acquire Next Insurance for 2.6 billion dollar acquisition. They were supported by Advs. Hanna Daher and Fadi Atallah from our tax department; Adv. Netta Bromberg, head of our employment department; and Dr. Avishay Klein, head of our privacy law, cyber, and AI department.
March 21, 2025
The “Angels Law” promotes investments in Israeli high-tech startups
In February 2025, the Israeli Tax Authority published an Income Tax Circular outlining the conditions and principles of the new Angels Law, focusing on the tax benefits granted to investors in early-stage companies that qualify as R&D companies.
March 20, 2025
High-income earners in Israel prepare to pay an additional surtax
As of 2025, an additional 2% surtax will be imposed specifically on taxable capital income (income from dividends, interest, capital gains from real estate sales and other capital sources) exceeding the maximum of ILS 721,560. This means that taxable capital income exceeding the maximum will now be subject to an inclusive surtax of 5%.
March 20, 2025
Tax Conference of the Israel Bar Association: Advs. Harel Perlmutter and Maya Carmi
Advs. Harel Perlmutter and Maya Carmi Lubartovski from our firm participated in the Tax Conference of the Israel Bar Association (Southern District). The conference covered various aspects of taxation, including real estate tax, income tax, and VAT. Harel and Maya participated in a panel on Trust Taxation, discussing the practical application of trust taxation (income tax and real estate tax) and how it is actually carried out in practice
March 18, 2025
Adv. Harel Perlmutter on N12 News: The Largest Exit in Israeli High-Tech History
Adv. Harel Perlmutter, partner and head of our firm's Tax Department, was interviewed yesterday on N12 News Israel's main news edition regarding the largest exit in Israeli high-tech history.
He discussed the tax implications of the deal, stating: "Between 12 and 16 billion NIS will flow into the state's coffers, covering nearly 10 percent of the national deficit with this deal alone
March 13, 2025
The Bank of Israel released a preliminary Digital Shekel design for public comment – a real opportunity for competition and innovation?
Last week, the Bank of Israel published a preliminary design of the central bank’s Digital Shekel system. In a detailed document, holding more than 100 pages, the Bank of Israel presents guiding principles and a work plan for further advancing this ambitious project.
March 13, 2025
New Real-Estate Brokers Regulations in Israel require professionalism, transparency, fairness and accountability
On March 9, 2025, the Real Estate Brokers Regulations (Ethics and Professional Duties) of 2024 came into effect which, for the first time, impose rules of ethics and binding professional obligations on all real estate brokers in Israel and regulate key aspects of real estate brokers’ work.
March 13, 2025
Adv. Roy Engel with IHFA: Cayman Islands Hedge Funds.
Adv. Roy Engel from our firm recently took part in a webinar on Cayman Islands Hedge Funds, hosted by the Israel Hedge Fund Association (IHFA). Roy discussed the latest regulatory and corporate governance requirements in the Cayman Islands. The session was both highly relevant and informative!
March 12, 2025
Isracard purchased 30% of Bizi For Tens of Millions of Shekels
IsraCard has acquired one-third of the shares in the fintech company BIZI, which provides loans to small businesses through a digital platform, at a valuation of 90 million NIS (pre-money).
Advs. Ilan Blumenfeld, Daniel Kleinman, and Shahaf Arbely from our firm advised BIZI in this transaction.
March 11, 2025
Webinar: The Impact of Unexpected Events on Construction Projects
In Israel, 2025, there is no moment of relief. Unexpected events have become a routine part of life here. But what happens when these events directly impact the construction market and projects?
Our firm, in collaboration with Gcs for Gcs, is hosting a practical webinar on this very topic. Adv. Shai Avnieli, Partner and Head of the Projects Infrastructure Department, will share his insights on navigating these events in Israel’s ever-evolving and dynamic market—one that never ceases to surprise. The Webinar will be held at March 26, 2025 at 11:00.
March 11, 2025
Shahar Poller Atzil on Channel 10: The New Broker Regulations
Recently, the new ethics regulations for real estate brokers in Israel came into effect, requiring them to operate with full transparency and uphold high standards of integrity towards their clients.
Shahar Poller Atzil, a partner in our litigation department, was invited to an interview on Channel 10 (the Economic Channel) to discuss the new reform that is set to change the landscape of the real estate brokerage market in Israel.
March 10, 2025
Conference: Artificial Intelligence in Marketing - AI for Business Growth
The digital world is changing rapidly, and with it, AI is reshaping the rules of the game. To stay ahead, we need not only to understand the new tools but also know how to leverage them for business growth.
Adv. Avishay Klein, Partner and Head of the Privacy, Cyber, and AI Department at our firm, will speak on AI regulation and how it may impact businesses choosing to use the platform for marketing purposes.
March 10, 2025
Adv. Alon Abcasis in an article for YNET: Building Rights in Urban Renewal
After a new record was set in 2024 for the number of evacuation and reconstruction complexes in Israel, YNET conducted a study among cities in the Tel Aviv metropolitan area to determine which city grants the most building rights in urban renewal. Alongside industry experts, Adv. Alon Abcasis, partner and head of the Residential and Urban Renewal department at our firm, was interviewed for this fascinating study on the gaps between Givatayim and Tel Aviv in this regard.
March 9, 2025
Israeli tax reform in relation to "closely held companies"
At the end of 2024, the Knesset enacted significant legislative updates within the framework of the Arrangements Law that completely revamp how "closely held companies" are taxed in Israel.
March 8, 2025
International Women's Day 2025 | ZOOM IN
In our firm, the promotion of women's rights and gender equality is an integral part of our commitment. We work towards this goal through social involvement in the community, pro bono legal representation, providing equal opportunities to our employees, and there are no glass ceilings here. Please see the report we have prepared for International Women's Day 2025, which highlights some of our gender-related activities throughout the year.
March 5, 2025
Opinion Piece: Intellectual Property Challenges for Reservists in Defense-Tech Developments
Many reservists are entrepreneurs in their daily lives, and months on the battlefield have exposed them to operational needs and technological gaps that require solutions. Many of them are developing innovative solutions that can support security forces and strengthen the Israeli market. However, they may also face complex legal challenges.