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Insights & News / Efrat Cohen

Reforming Payment Models for Securities and Advisory Services

On the eve of Rosh Hashanah, a joint task force from the Bank of Israel, the Ministry of Finance, and the Israel Securities Authority published an interim report for public comments, proposing a major reform in the way financial institutions (mainly banks, TASE members, and other players) are paid for securities services and investment advice.

Wine Industry Regulation: Boutique Wineries Now Require a Manufacturer’s License

Israel has hundreds of wineries, many of which are boutique wineries that opened and operated without any significant regulation over the years. Now, following the enactment of new regulations in early 2025 to regulate the wine market and transfer responsibilities over alcoholic beverages to the Ministry of Health, these wineries must begin the process of […]

Israel’s Latest Attempt to Increase Competition in the Banking Sector

On August 6, 2025, the interministerial team to increase competition in the retail banking sector (established by Israel’s Minister of Finance in collaboration with the Governor of the Bank of Israel) published its recommendations on the measures needed to increase competition in banking services.

Webinar: July 2025 - Status and Future Outlook

Our firm hosted a webinar focused on the current situation in Israel, following nearly two years of ongoing conflict and the recent removal of some of the major threats facing the country, most notably from Hezbollah and Iran. The discussion addressed Israel’s entry into a new geopolitical reality and explored pressing questions regarding the country’s future direction in the Middle East, as well as its diplomatic and security positioning on the global stage.

Speakers included Maj. Gen. (res.) Yaakov Amidror, former National Security Advisor to the Prime Minister of Israel and former Head of the Research Department in the IDF Directorate of Military Intelligence; Prof. Yossi Shain, former Member of Knesset (24th Knesset), founding head of Tel Aviv University’s School of Government, and Emeritus Professor of International Affairs at Georgetown University and author of several internationally acclaimed books; and Mr. Jeffrey Kahn, an international strategy expert who has held senior positions across global institutions and industries.

The webinar concluded with a lecture by Prof. Amichai Cohen, Special Counsel on International Law at our firm, on extending the Abraham Accords and new opportunities in the Middle East.

Categories: Corporate | International Law

Key Legal and Regulatory Updates Amid the Ongoing State of Emergency

As Operation Rising Lion continues, government ministries and authorities are continuing to announce regulatory reliefs in various areas.

Regulatory Relief Measures in Light of the State of Emergency in Israel

Upon the launch of Operation Rising Lion last Friday, the Minister of Defense declared a special national state of emergency in conformity with the Civil Defense Law, 1951. On Sunday, the government extended the state of emergency until June 30, 2025.

Tariff Crisis with the US Rekindles Debate over Israel’s Reciprocal Procurement Obligation

The Ministry of Finance, in conjunction with other government ministries, is currently formulating a plan to reduce the US trade deficit with Israel, in order to reduce the tariff rate that the Trump administration has imposed on goods imported from Israel. According to reports, one of the proposals currently being considered is to exempt US companies from reciprocal procurement obligation in exchange for their winning large-scale tenders in Israel.

Drug Registration Reform in Israel: Processes Are Being Streamlined and Time Frames Shortened to Increase Supply and Lower Prices

The Ministry of Health published a new outline recently, which is designed to shorten the registration time frames for new drugs. The outline is based on higher cooperation between the Ministry of Health and leading drug registration authorities around the world, while relying on approvals issued in other countries.

Bank of Israel Releases 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.