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Mandatory Recording of Sales Conversations: Implications of Amendment to Israeli Consumer Protection Law for Businesses and Financial Institutions
Amendment 74 to the Consumer Protection Law introduces, for the first time, obligations to record sales-related conversations, retain those recordings, and provide them to consumers upon request. The amendment applies to certain transactions listed in the law where the transaction value exceeds ILS 750, or where the price is unknown at the time of the call.
When Are Directors Personally Liable for Trademark Infringement by a Company?
An Israeli District Court imposed personal liability, jointly and severally, on the directors of a company for trademark infringement, without lifting the corporate veil. Whenever a tort is committed, including intellectual property infringement, any officer or director who personally committed the tort may be ordered to pay out of his or her own pocket, even without lifting the corporate veil.
Israeli Supreme Court Adopts an “Act-Based Test” for Calculating Consumer Protection Financial Sanctions
For the first time, Israel’s Supreme Court has established a clear test for calculating financial sanctions under the Consumer Protection Law, depending on whether the conduct constitutes a single act or multiple separate acts.
Draft Bill on Application of Israeli Law to Foreign Dealers and International Companies
The Ministry of Justice recently published a draft bill for public comments, aimed at regulating the application of Israeli law to foreign dealers who target customers in Israel. The draft bill seeks to codify trends established by Supreme Court rulings in recent years into primary legislation and to set clear rules under which mandatory Israeli legal provisions will also apply to corporations headquartered outside of Israel, when their activities actually target the Israeli market.