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Home · Regulation · Latest Updates

Latest Updates / Regulation

May 14, 2023

Israel: Information Transferred from European Economic Area

The regulations grant several new rights to the relevant data subjects, when the database contains information transferred from the European Economic Area (EEA) to Israel, including the data subject’s right to delete information and a broader right of review.

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May 4, 2023

Barnea: Hosting AI & Regulation Conference

Our firm hosted the “AI Regulation" conference, with the participation of Gilad Samama, head of the Israel Privacy Protection Authority, and other senior officials. The conference was held in collaboration with the International Association of Privacy Experts (IAPP) and the Israel-America Chamber of Commerce. At the conference, Dr. Avishay Klein, head of our firm’s privacy, data protection and cyber practice, lectured on the regulation of artificial intelligence in Israel and around the world.

April 24, 2023

Tel Aviv Stock Exchange Publishes ESG Questionnaire

The publication of the questionnaire aligns with global trends and reflects the importance of this subject for investors. According to the TASE press release, only 70 companies currently publish full ESG reports.

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April 18, 2023

Greenhouse Gas Emissions: Scope 1, Scope 2 and Scope 3

The monitoring of greenhouse gas emissions is not only important for protecting environmental quality, but it also offers commercial benefits, such as monitoring energy and supply chain expenses and participating in carbon emissions trading markets.

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April 4, 2023

Lawsuits and Enforcement: Privacy Violations through AI

A few months after ChatGPT became a popular tool for millions of users, users began filing lawsuits alleging violations of users’ privacy and data security breaches. The conclusions from these lawsuits are relevant to all companies engaging in the development and assimilation of AI technologies.

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March 28, 2023

Class Actions on Accessibility of Public Companies' Reports Dismissed

At the conclusion of a proceeding conducted over about two years, an Israeli court recommended that the class plaintiffs withdraw their actions in light of the legal difficulties and since there is no reasonable possibility that the legal questions will be ruled in favor of the plaintiffs. The plaintiffs accepted the court's recommendation, and the court dismissed in limine 66 class actions.

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March 15, 2023

The Israeli Arrangements Law of 2023-2024: Significant Harm to Environmental Quality

Notwithstanding growing awareness and the measures being taken to reduce greenhouse gas emissions (as part of Israel’s commitment under the Paris Agreement), the emerging Arrangements Law could cause a regression in environmental legislation and hinder efforts to protect Israel’s population from environmental hazards.

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February 22, 2023

Prof. Amichai Cohen on Israel’s Constitutional Law Reforms

Prof. Amichai Cohen was invited to write a series of articles about the new Israeli government’s proposed judicial reform and its implications for the Israeli legal system

Read the first article: Constitutional Law Reforms.

Read the second article: Constitutional Revolution.

February 21, 2023

AI and Regulation: The Future Is Already Here

The more artificial intelligence permeates additional spheres of private and public life, the greater the need to regulate uses of this technology. Various artificial intelligence regulations are already in place around the world and additional regulatory initiatives are being promoted at a rapid pace.

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February 9, 2023

Webinar for Legal Counsels on Role of Legal Advisor in Relation to ESG Risks

Our firm held a webinar for members of the In-House Counsels for In-House Counsels Organization, in which Dr. Zvi Gabbay presented existing regulation in Israel in the field of ESG and the trends in the US and Europe. He also discussed ESG risk management in an environmental context.

January 25, 2023

Fine Imposed on Israeli Cyber Tech Company for Violating European GDPR

Israeli cyber companies operating in Europe are exposed to the GDPR even though they are registered in Israel, and even if the information they collect is not processed or stored in Europe.

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January 18, 2023

2022: Trends in Israeli and International Privacy Regulations

2022 saw significant regulatory developments in the field of privacy protection in Israel and throughout the world. These developments directly affect companies whose business activities in Israel and internationally involve the collection and processing of personal information.

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January 3, 2023

2022: Developments in Financial Service Providers Regulations

This article summarizes the regulatory developments imposed on financial service providers, including of non-bank credit and financial asset services, and the key measures companies engaging in this sector should take in preparation for 2023.

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January 1, 2023

2022: Antitrust and Competition in Israel – A Year in Review

2022 was characterized by many trends relating to competition law in Israel. Ramped up handling of monopolies, unfair pricing and restrictive trade practices, and enhanced collaboration between Israeli government ministries and the Competition Authority are just some of the trends we witnessed during 2022 in this field.

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December 26, 2022

Is the Era of Unsolicited Telemarketing Coming to an End in Israel?

An amendment to the Israeli Consumer Protection Law, also known as the “Do Not Call Me Law,” is about to enter the enforcement phase on January 1, 2023. Inter alia, the law imposes liability on a business telemarketing its product or service, even if a third party is actually making the call.

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December 21, 2022

Doing Business In Israel: Regulation of Carbon Pricing

Reducing greenhouse gas emissions to decelerate climate change processes is an important goal of many countries. The two main mechanisms that countries use to reduce GHG emissions are carbon taxation and carbon emissions trading.

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December 19, 2022

Can DeFi Use Exempt a Project from Compliance?

Activity in the form of financial decentralization (Decentralized Finance - DeFi) does not exempt from requirements in the field of prevention of money laundering prohibition or compliance with sanctions. It turns out that DeFi is subject to the same "laws of gravity" as projects in the traditional financial industry.

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December 19, 2022

What New Sanctions Might Be Imposed on Israeli Companies Doing Business with China?

The tightrope Israel has been walking in the relationship between the United States and China was recently stretched even further, as the US continues to pursue policies aimed at making it difficult for its allies to cooperate with China. In an interview with The Jerusalem Post, Prof. Amichai Cohen, our firm’s of counsel on international law, details the difficulties and limitations for Israeli companies doing business with China.

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December 18, 2022

Representation in Class Action for Polluting Ashalim River

Following pollution to the Ashalim River and its surrounding areas in 2017, three plaintiffs filed a class action against Rotem Amfert, a subsidiary of ICL Group, for NIS 400 million. The plaintiffs demanded compensation for the ecological damage caused to the area.

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December 15, 2022

Regulation: Potential Pitfalls in Phoenix Group’s Purchase by Abu Dhabi’s ADQ Fund

We were interviewed by Calcalist to shed light on the proposed acquisition. We highlighted that there is no legal restriction in Israel on foreign ownership of an insurance company. However, in the past, the Capital Market, Insurance, and Savings Authority blocked a transaction in which a fund owned by the Chinese government sought to acquire control of Clal Insurance.

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