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March 20, 2025
High-income earners in Israel prepare to pay an additional surtax
As of 2025, an additional 2% surtax will be imposed specifically on taxable capital income (income from dividends, interest, capital gains from real estate sales and other capital sources) exceeding the maximum of ILS 721,560. This means that taxable capital income exceeding the maximum will now be subject to an inclusive surtax of 5%.
March 20, 2025
Tax Conference of the Israel Bar Association: Advs. Harel Perlmutter and Maya Carmi
Advs. Harel Perlmutter and Maya Carmi Lubartovski from our firm participated in the Tax Conference of the Israel Bar Association (Southern District). The conference covered various aspects of taxation, including real estate tax, income tax, and VAT. Harel and Maya participated in a panel on Trust Taxation, discussing the practical application of trust taxation (income tax and real estate tax) and how it is actually carried out in practice
March 18, 2025
Adv. Harel Perlmutter on N12 News: The Largest Exit in Israeli High-Tech History
Adv. Harel Perlmutter, partner and head of our firm's Tax Department, was interviewed yesterday on N12 News Israel's main news edition regarding the largest exit in Israeli high-tech history.
He discussed the tax implications of the deal, stating: "Between 12 and 16 billion NIS will flow into the state's coffers, covering nearly 10 percent of the national deficit with this deal alone
March 13, 2025
The Bank of Israel released a 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.
March 13, 2025
New Real-Estate Brokers Regulations in Israel require professionalism, transparency, fairness and accountability
On March 9, 2025, the Real Estate Brokers Regulations (Ethics and Professional Duties) of 2024 came into effect which, for the first time, impose rules of ethics and binding professional obligations on all real estate brokers in Israel and regulate key aspects of real estate brokers’ work.
March 13, 2025
Adv. Roy Engel with IHFA: Cayman Islands Hedge Funds.
Adv. Roy Engel from our firm recently took part in a webinar on Cayman Islands Hedge Funds, hosted by the Israel Hedge Fund Association (IHFA). Roy discussed the latest regulatory and corporate governance requirements in the Cayman Islands. The session was both highly relevant and informative!
March 12, 2025
Isracard purchased 30% of Bizi For Tens of Millions of Shekels
IsraCard has acquired one-third of the shares in the fintech company BIZI, which provides loans to small businesses through a digital platform, at a valuation of 90 million NIS (pre-money).
Advs. Ilan Blumenfeld, Daniel Kleinman, and Shahaf Arbely from our firm advised BIZI in this transaction.
March 11, 2025
Webinar: The Impact of Unexpected Events on Construction Projects
In Israel, 2025, there is no moment of relief. Unexpected events have become a routine part of life here. But what happens when these events directly impact the construction market and projects?
Our firm, in collaboration with Gcs for Gcs, is hosting a practical webinar on this very topic. Adv. Shai Avnieli, Partner and Head of the Projects Infrastructure Department, will share his insights on navigating these events in Israel’s ever-evolving and dynamic market—one that never ceases to surprise. The Webinar will be held at March 26, 2025 at 11:00.
March 11, 2025
Shahar Poller Atzil on Channel 10: The New Broker Regulations
Recently, the new ethics regulations for real estate brokers in Israel came into effect, requiring them to operate with full transparency and uphold high standards of integrity towards their clients.
Shahar Poller Atzil, a partner in our litigation department, was invited to an interview on Channel 10 (the Economic Channel) to discuss the new reform that is set to change the landscape of the real estate brokerage market in Israel.
March 10, 2025
Conference: Artificial Intelligence in Marketing - AI for Business Growth
The digital world is changing rapidly, and with it, AI is reshaping the rules of the game. To stay ahead, we need not only to understand the new tools but also know how to leverage them for business growth.
Adv. Avishay Klein, Partner and Head of the Privacy, Cyber, and AI Department at our firm, will speak on AI regulation and how it may impact businesses choosing to use the platform for marketing purposes.
March 10, 2025
Adv. Alon Abcasis in an article for YNET: Building Rights in Urban Renewal
After a new record was set in 2024 for the number of evacuation and reconstruction complexes in Israel, YNET conducted a study among cities in the Tel Aviv metropolitan area to determine which city grants the most building rights in urban renewal. Alongside industry experts, Adv. Alon Abcasis, partner and head of the Residential and Urban Renewal department at our firm, was interviewed for this fascinating study on the gaps between Givatayim and Tel Aviv in this regard.
March 9, 2025
Israeli tax reform in relation to "closely held companies"
At the end of 2024, the Knesset enacted significant legislative updates within the framework of the Arrangements Law that completely revamp how "closely held companies" are taxed in Israel.
March 8, 2025
International Women's Day 2025 | ZOOM IN
In our firm, the promotion of women's rights and gender equality is an integral part of our commitment. We work towards this goal through social involvement in the community, pro bono legal representation, providing equal opportunities to our employees, and there are no glass ceilings here. Please see the report we have prepared for International Women's Day 2025, which highlights some of our gender-related activities throughout the year.
March 5, 2025
Opinion Piece: Intellectual Property Challenges for Reservists in Defense-Tech Developments
Many reservists are entrepreneurs in their daily lives, and months on the battlefield have exposed them to operational needs and technological gaps that require solutions. Many of them are developing innovative solutions that can support security forces and strengthen the Israeli market. However, they may also face complex legal challenges.
March 5, 2025
Precedent-setting ruling by a US court on a copyright lawsuit against an artificial intelligence platform
A US court (in Delaware) recently handed down a precedent-setting ruling on a lawsuit filed by a copyright-owner, the media and technology conglomerate, Thomson Reuters, against the artificial intelligence platform, Ross Intelligence. The Delaware court ruled that the defendant had infringed the plaintiff’s copyrights, and that the defendant is not entitled to any of the statutory protections, including reliance on the “fair use” doctrine as a defense.
March 3, 2025
Revolution in Electronic Promissory Notes – Court Recognizes Digital Notes
This past weekend, a precedent-setting ruling was issued in the case of Bizi Finance Ltd., in which the court was required to determine whether a promissory note signed electronically could be enforced through the enforcement and collection offices.
March 3, 2025
The Real Estate Summit in Eilat: Adv. Terry Almozlino Arnon moderated an expert's panel
Adv. Terry Almozlino Arnon, partner and head of the real estate department at our firm, participated in the Real Estate Summit in Eilat, among dozens of real estate experts in Israel. She moderated a panel that hosted senior figures from the economy, discussing the gap between the prosperity enjoyed by income-producing real estate companies in 2024 and the forecast for 2025, in light of the measures, challenges, and obstacles expected in the coming year.
March 2, 2025
Knesset Approves Law Easing Tax Relief Conditions in Corporate Restructuring
A new draft bill for second and third readings aims to ease tax relief conditions in corporate restructuring. Initially part of the 2025 Arrangements Law to support high-tech, it was later split from the original bill.
A new draft bill for second and third readings aims to ease tax relief conditions in corporate restructuring. Initially part of the 2025 Arrangements Law to support high-tech, it was later split from the original bill.
March 2, 2025
ESG in the Crosshairs: Will Trump's Policies Change the Rules of the Game? An Interview with Dr. Zvi Gabbay
In the past, ESG matters were primarily handled by accounting firms and external consultants. However, in recent years, leading law firms in Israel have begun establishing dedicated ESG departments or integrating ESG advisory services into existing practice areas such as corporate law, regulation, and environmental law. This shift has been driven, among other factors, by increasing regulatory demands from the Bank of Israel, the Israel Securities Authority, and the Capital Market Authority. Now, with Trump's return to the White House and his new policy direction, is the status of ESG set to change? An interview with Dr. Zvi Gabbay from our firm at Globes.
March 2, 2025
Israel Steps Up Enforcement on Retail Price Marking Violations
The Ministry of the Economy’s wide-scale enforcement campaign launched last weekend in branches of supermarket chains throughout the country, found violations of the obligation to mark prices in all of the branches that were inspected.