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January 5, 2021

Globes Conference: Cyber in 2021

Adv. Anat Even-Chen participated in Globes' "Material for Thought" conference on the cyber industry. Anat was featured on a panel about the effects of a cyber crisis on an organization, where she discussed how companies should prepare for upcoming challenges in 2021 in this field.

January 5, 2021

Important Agreements for Setting Up a Startup

Yuval Lazi lectured this morning on founders' and investors' agreements as part of the "From Project to Startup" course at Tel Aviv University’s Faculty of Engineering. During the course, students establish and develop a technology startup, with mentors and leading industry professionals guiding them throughout the project. Yuval serves as one of the mentors in the course.

January 3, 2021

Relief from Insurance Requirements for Portfolio Managers and Investment Advisors

The Israel Securities Authority (ISA) has announced that, temporarily, it will not initiate or recommend taking enforcement measures against corporations licensed in portfolio management, investment advising, and investment marketing that have not fulfilled professional liability insurance requirements.

December 29, 2020

Summary of Projects in the Infrastructure Field in Israel 2020

As an expert in the infrastructure field, Shai Avnieli was interviewed for Calcalist’s podcast to provide his highlights for the year 2020. He analyzed how the COVID-19 pandemic has affected the industry and where the infrastructure industry is headed.

December 29, 2020

Epidemiological Investigations and Privacy Protection

Israel’s Privacy Protection Authority published its guidelines and emphases for protecting the privacy of individuals when conducting COVID-19 epidemiological investigations in workplaces.

December 27, 2020

Update on Service Users’ Obligation to Hold Hearings for Service Providers’ Employees

Last July, the National Labor Court issued an important ruling on a service user’s obligation to take part in the termination and hearing process for contract workers employed on site. According to that ruling, the extent of the service user’s participation in the hearing depends on the circumstances. Accordingly, in our previous update, we tried to predict the criteria that would be taken into account, in order to analyze how the National Labor Court’s ruling should be applied in various scenarios.

December 27, 2020

The Battle Firing Up Prominent Artists in Israel

In recent years, leading artists in Israel have alleged a lack of transparency in how Eshkolot, a company that oversees artists' royalties, is managing their money. Several of these artists are stakeholders of the company, and some previously held various positions in the company.  Adv. Eyal Nachson was interviewed for an article by TheMarker on the subject. Eyal was quoted as follows: "On the recommendation of the court, Shaham – The Israel Actors' Association conducted a comprehensive and in-depth mediation procedure with Eshkolot. At the end of the mediation, the parties reached an agreement including achievements that will strengthen the control and supervision of the royalty amounts."

December 22, 2020

Employees Do Not (Necessarily) Have a Vested Right to a Bonus, Even If They Received One for Years

The COVID-19 crisis has thrown many employers into economic difficulties. In these uncertain times, many employers are asking themselves if they are obligated to pay their employees bonuses. Just before the end of 2020, the Tel Aviv Regional Labor Court issued a new ruling on this very subject. 

December 22, 2020

New Case Law: Can Employees Consent to Worse Employment Conditions through Conduct?

In light of the COVID-19 crisis, many employers have been forced to reduce employees' salaries. Such reductions, when not made through agreements or in an orderly fashion, may be fertile ground for claims regarding material worsening of work conditions, effective termination proceedings, and creating a stress-filled work environment.

December 20, 2020

An Act of Deterrence against a Polluting Plant

Israel's Ministry of Environmental Protection imposed a financial sanction of NIS 634,000 on Bazan Group's Gadiv Petrochemical Industries for not complying with a deadline to stop harmful emissions. The ministry stated that due to the severity of the violation, both a financial sanction and administrative enforcement measures would be imposed.

December 20, 2020

The Importance of Contracts in Israel

Law has a major role in Israeli business. Israelis feel their freedom to act is determined by what is allowed under law, and this includes what has been agreed to in a binding agreement. Therefore, legal contracts form the basis of the Israel business environment. The existence or absence of a binding agreement are the first question Israelis would consider. If a legal agreement has been entered into, Israelis would feel obliged to respect it. If however, the discussions have not been concluded in an agreement, most Israelis would feel they are not yet obliged to proceed with the other party. This is a strong contributor to the creation of certainty when doing business in Israel.

December 14, 2020

New Rules on Consumer Credit Marketing and Management

The Bank of Israel recently issued new rules on marketing and credit management. The purpose of the new rules is to prevent credit risks not tailored for the customer. They include restrictions on aggressive marketing and granting certain clients credit.

December 13, 2020

The Good, the Bad and the Ugly: Negotiating Leaver and Vesting Provisions on Venture Capital Deals

As part of a comprehensive guide prepared by Humphreys Law Ltd on leaver and vesting provisions, Ariella Dreyfuss contributed her perspective on the Israeli market.

December 9, 2020

Harel Perlmutter Op-Ed: Recognize Childcare Expenses for Tax Purposes

Harel Perlmutter, the head of our Tax Department, has published an op-ed in Globes on the importance of recognizing childcare expenses for tax purposes, particularly now during the coronavirus period.

December 8, 2020

Agriculture Law – Hagit Ben Moshe Op-Ed

Last October, the Knesset proposed a draft of the Agriculture Law. Yevul Si, a leading agriculture magazine, published an op-ed by our firm's Hagit Ben Moshe, an expert in the field. She provided commentary on the law, and on the importance of properly compensating the agriculture industry.

December 6, 2020

Amendment to Consumer Protection Law Restricts Telemarketing Calls

A recent amendment to the Consumer Protection Law seeks to place restrictions on telemarketing. As part of the amendment, the Consumer Protection and Fair Trade Authority will establish a database of consumers who don't want to receive telemarketing calls from various businesses. Businesses will not be able to contact a consumer whose telephone number is registered in this database, except in specific circumstances.

December 2, 2020

A Do and Don't Guide before Purchasing Rights in Agricultural Land in Israel

The Israeli public is offered a number of opportunities to acquire rights in agricultural land that may be rezoned to residential. Before purchasing such rights, there are a number of issues to examine in order to understand the lands potential.

November 30, 2020

Payments to Employees Absent from Work Due to Mandatory Quarantine

A statutory amendment to the Economic Assistance Program Law (Novel Coronavirus) (Temporary Order) arranges payment for employees absent from work due to mandatory quarantine. The new arrangement stipulates that an employee entitled to sick pay from the first day of absence is also entitled to quarantine pay from the first day of absence. 

November 29, 2020

Marketing of Agricultural Land

Adv. Hagit Ben Moshe, who leads the kibbutz and agricultural sector at our firm, was interviewed by TheMarker. Hagit emphasized in the interview that purchasing land, unlike buying an apartment, is primarily at the theory level. "In most cases, companies in this field sell you an option to rights in the land, dependent on several conditions, such as changing the land's designation and completing the planning. Unless the plan is already approved, no one can guarantee you with any certainty on when or if the conditions will be met and your dreams will come true. We've encountered several cases where people buy agricultural land based on promises from the authorities, and then the authorities back down from the plans, or even expropriate the land for themselves. If the authorities cannot provide certainty, then certainly the people in sales offices can’t either."

November 26, 2020

What Do Massive Weddings Have to Do with Corporate Compliance?

Our firm organized a webinar for legal advisers and compliance officers, in partnership with ACC. As part of the webinar, firm partner Dr. Zvi Gabbay lectured on the connection between ethics and obedience. Are they in competition or do they complement one another?