Latest Updates

January 2, 2020

Amending Protocol to Israel-UK Tax Treaty to Take Effect in Early January 2020

An amending protocol to the 1962 Israel-UK tax treaty is effective as of January 1, 2020.The protocol includes a long list of significant and fundamental amendments and updates.

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January 2, 2020

NIS 10M Lawsuit against Yaron Roziak and Rabbi David Ifergan

Our firm is representing Kobi Zaid, the founder of Zaid Orniv, in a shareholder dispute and a contract enforcement lawsuit against the businessman Yaron Roziak and Rabbi David Ifergan.

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January 1, 2020

Israel-Serbia Double Taxation Treaty to Take Effect in January 2020

The treaty for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income between the government of Israel and the government of the Republic of Serbia is expected to take effect on January 1, 2020.

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January 1, 2020

New Standards in Cyber Protection for Companies in the Government, Infrastructure, and Finance Sectors

The Governmental Cyber Security Unit has published a new directive according to which material service providers to government, infrastructure, and finance bodies will be required to adopt a common and unified standard for cyber protection.

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January 1, 2020

Eyal Nachshon Op-Ed: New Supreme Court Ruling Will Allow Businesses to Repel Class Actions

Eyal Nachshon, Partner at our Litigation Department published an op-ed in Dun's Calcalist on the new Supreme Court ruling that would-be plaintiffs must approach defendants before filing a class action suit. According to Eyal and Amichay, this ruling is significant news for private businesses seeking to repel class action lawsuits.

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December 31, 2019

Good Night 2019!

Check out some interesting developments in the Israeli high-tech sphere in 2019.

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December 31, 2019

Israel-Australia Double Taxation Treaty Enters into Force on January 1, 2020

The Minister of Finance signed in December 2019 the order bringing the double taxation treaty into effect on January 1, 2020.

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December 30, 2019

Yuval Lazi Summarizes 2019 in Cyber

The People website interviewed cyber experts, including Yuval Lazi, about prominent trends in the cyber world in 2019. In a world where the cyber-attack industry is valued at more than $1 trillion a year, and attacks are increasing year after year, Yuval Lazi explains that corporations have begun to internalize that technological solutions alone are not enough. Corporations have thus begun to adopt a more holistic and broader approach.

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December 30, 2019

Hagit Ben Moshe Featured in Globes' Real Estate Supplement on Regulation of Land Use

Hagit Ben Moshe published an op-ed in Globes' Real Estate Supplement on a district court ruling about the regulation of agricultural land use. According to Hagit, the ruling indicates a trend of harsher enforcement and signals that all agricultural communities must act without delay to regulate land use.

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December 29, 2019

Is It Necessary to Send a Demand Letter a Defendant Prior to Filing a Class Action Suit?

In December 2019, an expanded panel of seven Supreme Court justices published a precedential and important decision considering the issue of whether a party seeking to file a class action suit against a government agency must send a demand letter to the agency in advance of filing.

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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 23, 2019

Latest Developments in the Israeli Payments Market

The Bank of Israel recently led several important developments in the Israeli payments market, which are designed to encourage competition and to advance the implementation of innovative technologies.

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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 18, 2019

Coffee and Fair Use: Zohar Lande Lectures at ALAI Israel Conference

Nestlé's lawsuit against Espresso Club continues to arouse great interest in the legal scene, among both law firms and copyright professionals. Today, the Copyright Society of Israel held a workshop on meaningful judicial rulings in 2019. As part of the event, Zohar Lande was invited to speak on “coffee and fair use” and to discuss the implications of the ruling against Nestlé on commercial companies operating in Israel.

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

David Appel's Lawsuit against Michael Cherney and Zeev Rom Dismissed

The Tel Aviv District Court dismissed a NIS 239 million claim filed by David Appel against Michael Cherney and our client Zeev Rom on statute-of-limitation grounds and fined him attorneys' fees. Zeev Rom was represented by Advs. Zohar Lande and Moran Bickel from our Litigation Department.

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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 12, 2019

Meetup for Women in Ecommerce

We hosted today a meetup for female entrepreneurs in the ecommerce field. Harel Perlmutter and Anat Even-Chen lectured to the participants on the taxation and regulatory issues that could affect them.

December 12, 2019

Representing Sartorius in the acquisition of a majority stake in Biological Industries.

Our firm represented Sartorius, a leading multinational corporation in the field of life science, research and development and biopharmaceutical industry, in a transaction to acquire a majority stake in the Israeli cell culture developer Biological Industries. Sartorius acquired the majority of Biological Industries shares by way of secondary purchase of shares from the Development Company of Kibbutz Beit Haemek and private equity fund Fortissimo Capital, in consideration for USD 50 million. In addition, as part of the transaction, Sartorius and the Development Company of Kibbutz Beit Haemek signed an option to purchase/sell additional holdings in the future.

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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.

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