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Avishag Salomon Insights & News / 

September 19, 2021

Israeli Privacy Protection Authority Publishes New Statement Concerning Location Data in Workplaces

There has been an uptrend in recent years of employers using a variety of technological tools to supervise their employees and oversee the quality of their work. The use of these tools has become more prevalent due to the shift of many organizations to working from home last year.

August 12, 2021

Indictments Filed in US for Fraudulent Receipt of Federal Financial Assistance from CARES Act

With the outbreak of the COVID-19 pandemic, the United States government enacted the Coronavirus Aid, Relief and Economic Security (CARES) Act. The volume of assistance, totalling USD 2.8 trillion, provided financial aid to individuals and organizations facing economic hardship and access to loans with convenient terms for the purpose of paying salaries and other specific expenses under a program called the Paycheck Protection Program (PPP). Many Israeli companies operating in the United States also submitted applications for grants and loans under the PPP.

The initiative, while commendable, also opened the door for those seeking to exploit the government assistance to commit fraud and deceit.

July 13, 2021

Implications of European Whistleblower Protection Directive on Israeli Companies

By October, companies in the European Union employing at least 50 employees will be required to operate an internal reporting system for reporting misconduct that may indicate compliance violations. Furthermore, all companies in the EU, regardless of size, will be required to ensure the protection of whistleblowers from all types of retaliation.

The EU Whistleblower Protection Directive originally came into force in October 2019. It gave EU member states two years to prepare to incorporate the directive into their national legislation. Prior to the enactment of the directive, no uniform binding legislation applied to all EU member states and only 10 member states had enacted national legislation in this regard. The upcoming inception of national whistleblower protection laws throughout the EU will naturally trigger a ripple effect.

November 2, 2020

COVID-19, From Crisis to Opportunity

Crises test our resilience. They prevent us from deceiving ourselves about things that are unpleasant to face. Therefore, the COVID-19 crisis is a real opportunity to upgrade an organization’s compliance mechanisms and the status of its compliance officer. This includes not only improving compliance capabilities, but also integrating and deepening connections to the organization’s management.

February 5, 2020

Article: Cases against Netanyahu Will Have Precedential Effect on Corporate Governance in Israel

Dr. Zvi Gabbay and Avishag Salomon of our Capital Markets Department published an op-ed in TheMarker, discussing how the Israel State Attorney's guideline on indicting and sanctioning corporations will guide the decision on the prosecution of Bezeq, Walla, and Yedioth Ahronoth.
Categories: Capital Markets | Compliance

February 3, 2020

EU Taking Steps to Ensure Wide Protections for Whistleblowers

In October 2019, the Council of the European Union adopted new rules to protect whistleblowers through a new directive.

August 18, 2019

Administrative Enforcement Committee Approves Agreement between ISA and Kitov Pharma Ltd.

The Administrative Enforcement Committee of the Israel Securities Authority (ISA) approved an administrative enforcement agreement between the ISA, Kitov Pharma Ltd., and a few of its officers. According to the agreement, which concludes the criminal investigation by the ISA, the company and its officers will pay a monetary sanction. Our firm represented the company and its CEO in the process.
Categories: Capital Markets | Enforcement
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