Latest Updates

March 25, 2020

Israel Tax Authority Reliefs in Light of Coronavirus Pandemic

In light of the coronavirus pandemic affecting the economic market, the Israel Tax Authority has published several reliefs for taxpayers.

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March 25, 2020

Cayman Islands Blacklisted by EU as a “Non-Cooperative Tax Jurisdiction”

The EU announced recently, following a meeting of its Economic and Financial Affairs Council (ECOFIN), that the Cayman Islands has been moved to Annex 1 of the list of “non-cooperative jurisdictions” for tax purposes.

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March 24, 2020

Israel's Construction and Infrastructure Sector Recognized as an Essential Field

On March 22, 2020, emergency regulations were published in Israel on limiting market activity for the purposes of managing the spread of the coronavirus. The construction and infrastructure sectors were declared exempt.

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March 23, 2020

Taking Testimony in Israel for Criminal Trials in the United States

Recently, United States federal courts have been more frequently approving the extra-territorial collection of testimony for use in criminal trials to be held in the United States. While the collection of such testimony for civil proceedings held in US courts is already commonplace, until now it has been a very rare occurrence in criminal proceedings.

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March 23, 2020

The Corona Effect: Q&A on Real Estate

As experts in the real estate field, our firm was interviewed about Globes about the use of the force majeure clause in real estate contracts We noted, "The law does not have a uniform definition of what a force majeure event is and interpretation is made in accordance with previous rulings.”

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March 22, 2020

Israel Land Authority Says Appeals Committee Decision Only to Be Considered Recommendation

Adv. Hagit Ben Moshe was interviewed by TheMarker following the Israel Land Authority’s declaration that the Appeals Committee’s decision will only be considered a recommendation and not an obligation. Hagit commented that “this decision could have far-reaching impact.”

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March 22, 2020

Israel: Engaging Employees on Overtime at an Unusual Scope

On March 18, 2020, the Israeli Ministry of Labor, Social Affairs and Social Services published new regulations permitting employers to engage overtime workers at a larger scope, significantly in excess of what has been permissible to date.

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March 22, 2020

The Israeli Ministry of Environmental Protection Issues Guidelines for Permit and License Holders for Foreseeable Future

On March 18, 2020, the Israeli Ministry of Environmental Protection issued a set of guidelines for adjustments to businesses and factories with permits and licenses issued by it for toxin permits, emission permits, and business licenses with environmental conditions.

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March 20, 2020

Podcast on Rights of Employees in Home Quarantine or on Unpaid Leave

A podcast featuring Adv. Lee Alter discusses the rights of employees in home quarantine or on unpaid leave due to the coronavirus pandemic

March 19, 2020

Coronavirus: Is a Huge Wave of Debt Arrangement on the Way?

Micky Barnea was interviewed by Globes on the coronavirus’ effect on both the corporate and government bond markets.

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March 18, 2020

Israel: Imposing Unpaid Leave on Employees Due to the Spread of Coronavirus - Updated

As a result of the economic downturn and in order to reduce expenses, one of the alternatives is imposing unpaid leave on employees.

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March 17, 2020

The ISA Eases Obligations for Reporting Companies

The Israel Securities Authority revised its previous position and announced that in light of the exceptional circumstances, reporting corporations may submit their 2019 periodic reports until April 30, 2020.

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March 16, 2020

Does a Delay in the Delivery of an Apartment Due to the Coronavirus Constitute Grounds for Untimely Delivery without Compensation?

What happens if a contractor’s workers do not come to work due to the spread of the coronavirus, and therefore cause delays in the delivery ? Will the buyer be entitled to compensation or will the delay be justifiable?

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March 15, 2020

Israel’s Privacy Protections and Data Security Recommendations for Telecommuting due to Coronavirus Spread

The Israeli National Cyber Security Authority published recommendations for business and organizations related to privacy protections and data security for telecommuting due to coronavirus spread.

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March 12, 2020

Israel: Imposing Unpaid Leave on Employees Due to the Spread of Coronavirus

Because of the coronavirus, many employers have been forced to consider minimizing expenses. In Israel several alternatives are being explored: reducing the scope of employment, lowering salaries, utilizing any available leave days, imposing unpaid leave on employees, reducing manpower, and conducting layoffs.

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March 10, 2020

Li Wenliang Was Not a Snitch – an Article by Michael Barnea

Lee Wenliang was the first person to identify the coronavirus. He sought to warn the public about the virus and paid a personal price for doing so. Individuals like Wenliang are referred to in Hebrew as “information leakers,” at best, and snitches, at worst. The apparent distinction between an "information leaker" and a snitch is in many cases a question of the party involved—one person's "information leaker" is another person's snitch. In an article published by TheMarker, Micky deals with the terminology surrounding the leaking of information and the need for organizations to stress appropriate language so such actions are seen as a positive. Employers should also encourage internal reporting mechanisms.

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March 9, 2020

The Gender Pay Gap and the Even Bigger Gender Pension Gap: Women's Status in the Labor Market

Adv. Netta Bromberg was interviewed by Mako in honor of International Women's Day to discuss women's status in the labor market.

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March 8, 2020

Ariella Dreyfuss Featured in Article on the Femtech Market

2019 was a record year for femtech (female technology), a term generally applied to a category of software, diagnostics, products, and services that use technology to focus on women’s health. As this is one of the most growing markets in recent years, Adv. Ariella Dreyfuss was asked by Start-Up Nation Central to discuss the challenges and potential in the market. In an interview, Ariella commented that "femtech is essentially a palatable term, a euphemism, to describe tech products and services in the field of female health: digital health apps, consumer health tech products, and medical devices that address menstruation, menopause, fertility, breastfeeding, incontinence, contraception, and female cancers.”

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March 6, 2020

Firm Partners Lecture at TAU Entrepreneurship Center

As part of the firm's collaboration with Tel Aviv University's Entrepreneurship Center, we were invited to lecture students on the relevant legal aspects of entrepreneurial activity. We discussed the basics behind founders’ agreements and why it's important to make such an agreement. Yuval Lazi explained the methods, possibilities, and challenges of venture capital raising, from family and friends to exits. Anat Even-Chen concluded with a lecture on online business activities, including what website policies should contain and how to build a business correctly so as not to be exposed to privacy issues.

March 5, 2020

Court Rules an Employee whose Shares in a Company Are Held by a 102 Trustee Has No Shareholder Rights in the Company

The Haifa District Court recently held, in a precedential decision, that an employee who received shares in a company held by a trustee in accordance with section 102 of the Income Tax Ordinance has no shareholder rights.

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