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Latest Updates /  Regulation

March 2, 2025

ESG in the Crosshairs: Will Trump's Policies Change the Rules of the Game? An Interview with Dr. Zvi Gabbay

In the past, ESG matters were primarily handled by accounting firms and external consultants. However, in recent years, leading law firms in Israel have begun establishing dedicated ESG departments or integrating ESG advisory services into existing practice areas such as corporate law, regulation, and environmental law. This shift has been driven, among other factors, by increasing regulatory demands from the Bank of Israel, the Israel Securities Authority, and the Capital Market Authority. Now, with Trump's return to the White House and his new policy direction, is the status of ESG set to change? An interview with Dr. Zvi Gabbay from our firm at Globes.

March 1, 2025

Fintech-Tel Aviv 2025 Annual Summit: Dr. Zvi Gabbay join an expert panel

Adv. Dr. Zvi Gabbay, Head of our Regulation Department, has been invited to join an expert panel on "Best Practices for Fintech Implementation and Operations" at the Fintech-Tel Aviv 2025 Annual Summit! Startups, investors, and companies are invited to this unique fintech event. 

February 20, 2025

Interview on Channel 10: Trump's decision to revoke the international law against bribery worldwide

Adv. Dr. Zvi Gabbay, Head of the Regulation Department at our firm, was interviewed yesterday on Channel 10 – Israel's business news channel, discussing President Trump's decision to revoke the enforcement of the law against bribery payments to foreign governments worldwide. He explained how this decision also affects Israeli companies in the market.

February 3, 2025

Legislative updates for regulated financial service-providers – inception of the Financial Information Service Law

Important updates relating to the Financial Information Service Law have been published in recent days.

January 21, 2025

Everything You Need to Know About DORA – A Guide for Legal Counsel

Our firm hosted a webinar in collaboration with the "Legal Counsel for Legal Counsel" organization, where Dr. Avishay Klein delivered practical tools for navigating the DORA regulation in light of the new directives.

January 16, 2025

Ten Q&A About Investment Management and Consulting Without a License

Recently, several cases of unlicensed investment management and consulting have made headlines. These include an instance where an administrative fine of NIS 130,000 was imposed for unlicensed investment management, and another case that led to an indictment. Such cases highlight the importance of understanding the legal rules and requirements in this field.

January 15, 2025

ISA: Updated Amounts for Qualified Investor Status

The Israel Securities Authority recently updated the amounts that an individual investor must have in order to be deemed a “Qualified investor.” This update applies solely to investors who are individuals and not to companies.

January 13, 2025

ISA Issues Draft Rules on Licensing Exemptions for Payment Services

Recently, the Israel Securities Authority (ISA) published draft rules regulating entities’ notice of exemption from the obligation to obtain a license to provide payment or payment initiation services.

January 1, 2025

Regulated payment services & financial services in Israel – 2025 summary & outlook

2024 was characterized by a multitude of regulatory directives to payment companies and to payment initiation companies as part of the preparations for the licensing obligation that came into effect in June 2024.

December 25, 2024

Applicability of Payment Services and Initiation of Payment Law in Trust Frameworks

December 24, 2024

New EDPB Opinion on Personal Data Protection in AI

Several days ago, the European Data Protection Board (EDPB) adopted an opinion addressing key data protection concerns arising from the use of Artificial Intelligence (AI) models. The opinion specifically focuses on how GDPR principles apply to AI, emphasizing issues such as anonymization of data within AI models, the legal basis for processing personal data during AI development and deployment, and the consequences of unlawful data processing in AI systems.

December 15, 2024

Expansion of Privacy Protection Regulations regarding data from the EEA

As of January 1, 2025, the Israeli Privacy Protection Regulations (Instructions for data being transferred to Israel from the European Economic Area) will also apply to data being stored or processed in Israel or in other countries, such as the US and the UK, if these databases also contain data transferred from Europe. In other words, this means that as soon as a database in Israel or another country also contains personal information transferred from Europe, all data in the database must comply with the regulations’ requirements – not just the data that came from Europe, but also the local data or data that came from other countries.

December 11, 2024

The Israeli Chapter in Legal 500's International Trade Guide

Our firm was chosen to cover the Israeli chapter of the Legal 500 International Trade guide. The chapter was written by Professor Amichai Cohen and provides insights on key issues in international trade law, including WTO agreements, FTAs, and trade sanctions.

December 9, 2024

Salary payments in Israel through payment companies

A new amendment to the Israeli Wage Protection Law allows employees to request that their employers transfer their salary to a wider range of entities.

December 9, 2024

Cybersecurity Regulation Enforcement Tightens in NY, Highlighting a Broader Trend

Recent fines issued in New York are part of a wider trend of stricter state-level enforcement on cybersecurity in the U.S. Israeli companies operating in the U.S. are required to stay informed.

December 2, 2024

"Buy-Sell" Model (Reseller) Activity Exempt from Payment Services Licensing

The Israel Securities Authority recently published a staff legal position addressing the licensing requirements for businesses operating in the "Buy and Sell" or "Reseller" model in online marketplaces.

December 2, 2024

ISA: New Guidelines on Offering and Intermediating Joint Investment Arrangements

The Israel Securities Authority published a position statement recently addressing various issues pertaining to brokerage activities and offerings of joint investment arrangements, including the applicability of the Regulation of Investment Advice, Investment Marketing and Portfolio Management Law (“Advice Law”) and the Joint Investment Trust Law to these activities.

December 1, 2024

Price tagging requirement continues to be a mandatory obligation

Recently, the issue of price tagging in supermarkets and grocery stores has gained attention. This follows a public consultation issued by the Consumer Protection and Fair Trade Authority seeking input on transitioning to digital price displays as part of the "What’s Good for Europe is Good for Israel" reform.

November 25, 2024

Do the Arrest Warrants Against Netanyahu and Galant Have Economic Implications?

An interview with Professor Amichai Cohen, an expert in international law, discussing the economic ramifications of the arrest warrants and Israel's broader standing on the global stage.

November 24, 2024

How Should Israel Handle the Implications of Arrest Warrants Issued by The Hague?

The decision by the judges of the International Criminal Court has placed Israel in one of the most complex situations it has ever faced on the international stage. Prof. Amichai Cohen, our Special Counsel on International Law, was featured in an Op-Ed published by Mako, sharing his expert insights on the matter.