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Latest Updates / Fintech
June 11, 2026
Rare Acquittal in Israeli IT Cartel Case and an Important Message to Companies About Internal Compliance Programs
The District Court convicted most of the defendants in the IT cartel case, one of the most substantial criminal proceedings in Israel in recent years in the field of competition law. Alongside the convictions, the court acquitted our client Haim Shohat, and the company Matrix, of one of the charges, after determining that the prohibited understanding required for conviction for a cartel offense had not been proven beyond a reasonable doubt.
June 10, 2026
Service Provider Convicted of Algorithmic Trading in Unlicensed Foreign Trading Platform
Installing a “robot” for algorithmic trading and defining its parameters is not deemed a “technological service” but may constitute investment portfolio management, which requires a license. This is because the service provider retains material discretion (choice of platform, transaction volume, profit and loss targets, and risk management), even when the account and funds are in clients’ names.
June 7, 2026
New Israeli Labor Court Ruling on Limits of Employer’s Duty of Good Faith in Employment and Dismissal
The Tel Aviv Regional Labor Court recently ruled[1] on a lawsuit filed by the founder, principal shareholder, and CEO of an Israeli startup that was acquired by companies in the Facebook Group. The court adjudicated two principal issues: 1) Is the founder entitled to future salaries and restricted stock units (RSUs) after his employment by Facebook Israel was terminated? 2) Facebook Israel’s conduct during the founder’s onboarding, employment, and dismissal and, in particular, whether he was given a genuine opportunity to integrate into his role and whether the company conducted a lawful dismissal proceeding.
June 1, 2026
Interview on Channel 10: Behind Elon Musk’s Lawsuit Against OpenAI
Dr. Avishay Klein, Partner and Head of the Privacy, Cyber and AI Department at our firm, was interviewed on the program “The Next Thing” on Channel 10, discussing the lawsuit filed by Elon Musk against OpenAI. During the interview, Dr. Klein outlined the economic and strategic motivations behind the lawsuit, its legal implications, and broader developments in the technology and artificial intelligence market.
May 31, 2026
Magdilim: Israel Tax Authority Sets Criteria for Developers in War-Damaged Complex Rehabilitation Projects under Buyout Track
Adv. Alon Wolner, a partner in our firm's Real Estate Department, was interviewed by Magdilim following the Israel Tax Authority's publication of criteria and eligibility thresholds for developers seeking to participate in the rehabilitation of war-damaged complexes under the buyout track. In the interview, Alon discusses the potential impact of the new requirements on the advancement of rehabilitation projects and on the pool of developers eligible to compete. He also addresses the challenges the current economic environment poses for development companies and considers whether the criteria could affect the pace of reconstruction for the affected complexes.
May 28, 2026
Aluf Hamizronim Signs Long-Term Lease for Approximately 12,000 sqm at LOGIX Kfar Saba
Aluf Hamizronim has entered into a long-term lease agreement for approximately 12,000 sqm at the LOGIX Kfar Saba project, developed by Rani Zim Shopping Centers and Kardan Geva. The transaction includes approximately 3,000 sqm for a flagship retail store and an additional 9,000 sqm designated for logistics and storage facilities, under a lease term of approximately 20 years. Spanning approximately 95,000 sqm, the LOGIX Kfar Saba project combines retail, logistics, and data center facilities. Aluf Hamizronim was represented in the transaction by Adv. Alon Wolner, Adv. Sagi Gross, and Adv. Shani Goldraich of our firm.
May 28, 2026
Solrom Completes Two Strategic Acquisitions to Expand Its Electro-Optical and Electro-Mechanical Capabilities
Adv. Ilan Blumenfeld and Adv. Daniel Kleinman of our firm advised Solrom on its acquisitions of A.H.M Engineering Assemblies and Niron in two strategic transactions. These acquisitions expand Solrom’s capabilities in the development, manufacturing, and integration of electro-optical and electro-mechanical systems, while strengthening its position across the value chain and broadening its customer base and operational capabilities.
May 28, 2026
Globes' “Three Cases of the Week”: Motion for Class Certification Against Azorim Dismissed
Adv. Zohar Haim Levinger and Adv. Anna Elenport from our Litigation Department represented Azorim in proceedings featured in Globes’ “Three Cases of the Week” column, in which the District Court dismissed a motion to certify a class action against the company. The motion alleged that Azorim delayed the registration of purchasers’ ownership rights in a residential project, causing financial harm to buyers. The Court held that reasonable technical requirements for completing the registration process, including the submission of a municipal tax clearance certificate, do not constitute a violation of the Sale Law. The Court also found that the case was not suitable for certification as a class action.
May 23, 2026
Professional Webinar: End-to-End Guidance in Complex M&A for General Counsels
Our firm, together with GCs for GCs, invites you to a professional webinar focused on comprehensive, end-to-end support in complex mergers and acquisitions through to completion. The session will offer practical insights into negotiation management, risk identification and allocation, and the distinctions between different types of transactions, as well as how to prioritize legal and commercial issues in alignment with broader business strategy. The webinar will be led by Adv. Ilan Blumenfeld, a partner and head of the firm's Israeli Commercial Department.
May 23, 2026
Global Operations Under Sanctions and Restrictions: A Professional Webinar for Israeli Companies and Exporters
The international business environment for Israeli companies is evolving rapidly. As part of a professional webinar hosted by our firm in collaboration with the Israel Export Institute, Prof. Amichai Cohen will discuss the practical implications of emerging sanctions, restrictions, and regulatory barriers affecting Israeli companies operating in global markets. The webinar will address key legal and commercial risks, the challenges companies and exporters are encountering in practice, and practical strategies for mitigating exposure and preparing for an increasingly complex international landscape.
May 21, 2026
Real Estate Market 2026: Shift Toward Control Transactions in Real Estate Companies Amid Market Uncertainty
Adv. Alon Wolner of our firm was interviewed by Bizportal regarding the structural shift taking place in the real estate market in 2026, driven by sector-wide uncertainty and financial pressure. He noted a growing trend of institutional investors and funds pursuing control transactions in real estate companies rather than standalone asset deals. According to Alon, this reflects a broader move toward corporate transactions that offer exposure to diversified project portfolios, active management platforms, and larger asset pipelines. At the same time, he emphasized that these transactions are becoming increasingly complex and require extensive financial, legal, and regulatory due diligence.
May 21, 2026
Urban Renewal: Examination of Compensation Allocation Models in Pinui-Binui Projects Instead of Uniform 12 sqm Addition
Adv. Alon Abcasis of our firm was interviewed by Magdilim regarding a recent Tel Aviv District Court ruling on the common 12-square-meter bonus in pinui-binui (evacuation and reconstruction) projects. The court indicated that a proportional allocation model, reflecting each apartment owner’s share in building rights, may be considered instead of a uniform addition for all residents. Alon noted that the ruling does not amount to a sweeping change in law and remains open to interpretation, but it may influence future drafting of agreements and compensation models in urban renewal projects.
May 20, 2026
Supreme Court Upholds Third-Party Sale Mechanism in Corporate Deadlock Dispute
The firm’s Litigation Department represented Panda Trading Systems in proceedings before the Supreme Court concerning a complex dispute between two equal shareholders, which resulted in the private company becoming embroiled in a prolonged deadlock. After the District Court accepted the firm’s position and ruled that the appropriate separation mechanism under the circumstances was the sale of the company or its operations to the highest bidding third party, an appeal was filed with the Supreme Court. The Supreme Court dismissed the appeal and upheld the District Court’s ruling, rejecting the claim for a forced buyout of the company’s shares. Panda was represented by Adv. Zohar Lande, Adv. Lina Makhuli, and Adv. Keren Ben Mordehay from the firm’s Litigation Department.
May 20, 2026
Israeli Court Ruling Expands Employers’ Obligations Regarding Third-Party Sexual Harassment in the Workplace
The Tel Aviv Regional Labor Court issued a new ruling expanding employers’ obligations regarding sexual harassment in the workplace and stated that employers may be obligated to prevent and address incidents of sexual harassment by customers, patients, or other third parties, even when the Prevention of Sexual Harassment Law does not directly apply.
May 15, 2026
Hagag Europe Successfully Completes Bond Offering Raising ILS 175 Million
Hagag Europe successfully completed the institutional stage of its Series F bond offering, raising approximately ILS 175 million after receiving demand exceeding twice the planned offering amount. The strong investor demand reflects market confidence in the company’s operations and its continued growth strategy across Europe. Adv. Elad Reshtick, Adv. Raz Landau, and Adv. Ofri Shor from our firm advised the company throughout the offering process.
May 14, 2026
Proposed Changes to the EU AI Act – Practical Implications for Israeli Companies
The European Parliament has announced that agreement has been reached on the Digital Omnibus proposal for changes in the EU AI Act. Although still subject to completion of the formal legislative process, these changes represent a significant regulatory development and provide greater clarity as to the direction of EU AI legislation.
May 14, 2026
Lecture: “Legal Opportunities and Risks in Artificial Intelligence” – Law and High-Tech Club
Adv. Masha Yudashkin, from the firm's Privacy, Cyber, and Artificial Intelligence Department, delivered a lecture at the third meeting of the Law and High-Tech Club at the Faculty of Law of Bar-Ilan University, titled “Legal Opportunities and Risks in Artificial Intelligence.” The lecture addressed the key legal and technological challenges in the field, including the need for regulation, the development of corporate governance and risk management mechanisms, and the balance between innovation and data security in both the private and public sectors.
May 12, 2026
Globes: Returning from In-House Roles to Law Firms
Adv. Efrat Cohen, a senior partner at our firm, was interviewed by Globes about the growing movement between law firms and in-house legal roles, and the return to private practice. She discussed her own transition back to private practice following senior positions in the business sector, including serving as Head of Regulation in the Legal Division of Bank Leumi. According to Efrat, working within a corporate environment provided her with a broader understanding of decision-making processes, risk management, and clients’ practical business needs.
May 11, 2026
Bizportal: The Impact of Judicial Delays on Business Operations
Adv. Gal Livshits, a partner in the firm's Litigation Department, was interviewed about how prolonged court proceedings affect the operations of businesses and companies. According to Gal, court congestion, a shortage of judges, and the complexity of commercial cases contribute to significant delays in proceedings, which in turn reduce legal certainty and affect day-to-day business operations.
May 10, 2026
New Israeli Court Ruling: Companies with Accumulated Losses May Recognize Distributable Profits
An Israeli district court ruled, for the first time, that distributable profits may be recognized even when a company has a balance of accumulated losses, provided that the profits accumulated during the holding period actually contributed to reducing the accumulated loss, even if the company ultimately had no surpluses.