Latest Updates

March 4, 2020

Hedged Mutual Funds

As part of the ISA's move to make investing in hedge funds more accessible to the public and to develop mechanisms for their oversight, it published a document for public comment that details the core characteristics of two new financial products - an alternative mutual fund of the hedge fund type and hedged mutual fund of funds.

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February 23, 2020

Chambers TMT Guide 2020: Law in Practice

As experts in the TMT field, our firm was asked to contribute the Israeli law and practice overview for the Chambers Israel TMT guide. In their overview, Micky Barnea, Daniel Lorber, and Anat Even-Chen discuss legal considerations for big data, machine learning, and artificial intelligence. They also address key data protection principles, the challenges with IT service agreements, privacy matters, and more. As a whole, the TMT guide offers insights for each jurisdiction.

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February 12, 2020

Zvi Gabbay Served as Panelist in Meetup of Israeli Blockchain Community

Dr. Zvi Gabbay participated today in a panel entitled "Regulations and Securities, Where Are We?" The panel was part of an event focused on 2020 predictions for the blockchain industry in Israel. Dozens of entrepreneurs and leading players from the local blockchain community attended.

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February 5, 2020

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

Dr. Zvi Gabbay 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.

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February 3, 2020

Israel Securities Authority Moving to Reduce Insurance Costs for License Holders

In an attempt to reduce insurance costs for License Holders, the Israel Securities Authority (ISA) has recently implemented several changes.

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February 2, 2020

Israel Securities Authority Promotes the Assimilation of Technological Innovation into the Israeli Capital Market

The ISA's commission for examining the regulation necessary for the advancement of digital markets published a report that focuses on platforms for the issuing, trading, and clearing of securities that make use of blockchain technology.

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January 29, 2020

Do You Hold Digital Currencies? Learn about Tax Regulation in Israel

Over 2000 (yes, 2000!) types of digital currencies exist today. If you are developing, mining, investing in, or using digital currencies, you should watch our video for some clarifications on the topic.

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January 23, 2020

Zvi Gabbay Lectures at Directors' Seminar Hosted by Analyst Investment House

Dr. Zvi Gabbay was invited to lecture at a directors' seminar hosted by Analyst Investment House. He addressed administrative enforcement, the Israel Securities Authority's structure, and its enforcement system.

January 23, 2020

Zvi Gabbay Lectures at Discount Bank's Compliance Conference

Dr. Zvi Gabbay was invited to lecture today at a compliance conference organized by Discount Bank for all its compliance officers, trustees, board members, and management.

January 16, 2020

Investment Management 2.0 – Internet Platform for Investment Management

New Israeli regulations allow for customized portfolio management services through on-line platforms.

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January 13, 2020

Hosting the ACC Compliance Forum's Third Meeting

Our firm hosted today the third meeting of the ACC Compliance Forum, which focuses on compliance during enforcement procedures. At the meeting, Dr. Zvi Gabbay welcomed Yehuda Shaffer, Deputy State Attorney (Financial Crimes).

January 8, 2020

Dr. Zvi Gabbay and Andrey Yanai Op-ed: Israel Missing out on Digital Assets Revolution

Dr. Zvi Gabbay and Andrey Yanai from our Capital Markets Department published an opinion piece in Globes on the regulatory barriers Israel is imposing on the blockchain and digital assets revolution.

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December 25, 2019

Micky Barnea Op-Ed: TASE IPO – The Light at the End of the Tunnel?

Globes published an op-ed by Micky Barnea on the Tel Aviv Stock Exchange's latest move to attract new investors with a public offering of its shares. According to Micky, "This listing could be a turning point in anticipation of a long-awaited change, bringing a revival of the stock exchange and the domestic capital market."

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December 22, 2019

Lee Elbaz Trial Ends with Sentencing

Our firm served along with US attorneys as representation for Lee Elbaz, the CEO of Yukom Communications, in her criminal trial in the United States. Lee was convicted of binary options fraud in August and sentenced last week. Dr. Zvi Gabbay and Adv. Hadar Israeli, who represented Elbaz from her arrest, were interviewed by the media following the sentencing in a Maryland federal court. According to them, "The degree of harshness in US prosecutorial policies and in sentences for economic offenses is infinitely higher than in Israel. "

Article from Globes

Article from Calcalist

Article from Ynet

Article from The Marker

December 17, 2019

Israel Singapore Fintech Convention

Our firm hosted today a meetup for the Israeli fintech community in collaboration with Fintech Fever and the Singapore Fintech Association. Dr. Zvi Gabbay lectured on current regulation, as well as challenges and opportunities in the field.

Link to Zvi Gabbay's Lecture

December 16, 2019

IPO – What’s Important to Know

A private company considering an IPO should know it is a complex and long process, and one that may pose many challenges. Therefore, before deciding to undertake an initial public offering, a deep examination of the process is recommended.

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December 11, 2019

Meetup for Real Estate Entrepreneurs on Crowdfunding

Our firm hosted today together with the crowdfunding platform Pipelbiz a meetup for real estate entrepreneurs. Dr. Zvi Gabbay lectured on raising capital for real estate projects through crowdfunding platforms. He also discussed real estate financing options, preconditions to raising money through a crowdfunding intermediary, and borrowing and investment disabilities.

November 19, 2019

Trading Platforms Targeted by the Israel Securities Authority

The Israel Securities Authority (ISA) recently published a proposed amendment to the Israeli Securities Regulations concerning trading platforms’ activity in Israel.

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November 14, 2019

Zvi Gabbay Lectures to a Course for Compliance Officers

Zvi Gabbay lectured today before compliance officers at the BDO Finance Academy. The lecture dealt with the internal enforcement of securities laws, the enforcement revolution by the Israel Securities Authority, and the need to formulate an effective internal enforcement program.

November 6, 2019

Compliance and Ethics in Corporations

The clear advantages of inculcating an enforcement and compliance culture are expressed not only in routine times, but also in times of crisis, and they can tip the balance and make all the difference.

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