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Latest Updates / International Sanctions

March 25, 2018

Fintech and Privacy

It goes without saying that technological advancement has come with a slew of risks attached. This is particularly true where financial technology (fintech) is concerned. With large-scale data breaches occurring at regular intervals and with greater frequency, fintech and data privacy are being put to the test.

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March 21, 2018

Extension Order Shortens Work Week

The Israeli Minister of Labor, Haim Katz, has signed lately an extension order shortening the work week in Israel. According to the extension order, the work week will be shortened from 43 hours to 42 hours, without any reduction of pay.

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March 18, 2018

Knesset Allows IPO Expenses to Be Deducted from Corporate Earnings

Recently, after initial approval by the Finance Committee, the Knesset has passed a temporary order to the Income Tax Law with regards to deduction of issue expenses. According to the law, the expenses related to issuing the shares of companies and partnership participation units on the Tel Aviv Stock Exchange (TASE) will now be recognized as expenses for tax purposes.

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March 15, 2018

The First 48 Hours - How to Respond to a Data Breach

If youve discovered that your company has been hacked, the first 48 hours are absolutely critical. Knowing how to actively marginalize further harm and eliminate cybersecurity vulnerability can be dealt with in the first 48 hours with an incident response plan.

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March 12, 2018

Marie Tsion Offers Tips to Law Students Preparing for Internship Interviews

Adv. Marie Tsion, Head of our firm's Employment Department and the point person for interns, shares a few insights on how to have a successful interview.

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March 8, 2018

A Reform in Israel's Insolvency Laws

Recently, the Knesset has passed the Law of Insolvency and Economic Rehabilitation – which is aimed at updating the law on insolvency currently in effect in Israel. The Law will take effect in 18 months from now.

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March 7, 2018

Purchasing Apartments through TAMA 38 Projects

If you are interested in purchasing an apartment from a contractor through a TAMA 38 project, you should know that the process is completely different from purchasing a new apartment from a contractor or the purchase of a secondhand apartment.

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March 6, 2018

Itay Gura to Lecture on Founders Agreements

Adv. Itay Gura will lecture today at the hiCenter Ventures Meetup on why founders' agreements are a solid foundation before taking the next step.

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March 4, 2018

Considering Dismissing an Employee? Five Rules of Thumb to Keep You from Running into Trouble

You have decided to dismiss an employee. Here are five rules of thumb for conducting a hearing proceeding. These are designed to help you through the process, as well as to minimize the risks of lawsuits and employee demands for monetary compensation on the basis of unlawful dismissal.

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February 28, 2018

The Supreme Court: Digital Currency Companies Can Continue Operating Through Bank Accounts

The Israeli Supreme Court ruled in favor of Bits of Gold’s motion and issued a preliminary injunction that prohibits the bank from restricting activities relating to bitcoin trading in the company’s account.

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February 26, 2018

How Regulators Impact the Fintech Industry

As an expert in the fintech industry, Dr. Zvi Gabbay, Head of our Capital Markets Department, was interviewed by TheMarker on the various regulatory barriers thwarting fintech's growth in Israel.

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February 26, 2018

Micky Barnea Hosting Panel at Annual Foreign Law Firms Conference

Adv. Micky Barnea, our Managing Partner, is hosting today the AI panel at the 4th Annual Foreign Law Firms Conference.

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February 23, 2018

2018: A Turning Point in the Virtual Currencies Market

Dr. Zvi Gabbay, Head of our Capital Markets Department, published an op-ed in Calcalist on the role of the regulator in the virtual currencies market and why 2018 will be a turning point.

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February 21, 2018

Micky Barnea Participates in Dun's 100 2018 Leaders Law Forum

Micky Barnea participated in the Dun's 100 2018 Leaders in Law Forum. In attendance were the heads of 24 of Israel's leading law firms.

February 21, 2018

Crypto Predictions for 2018

2017 was a significant year for the blockchain industry in general and for cryptocurrencies in particular. 2018 is expected to be an equally interesting year for the cryptocurrencies industry, as new trends take shape and regulation becomes even more refined. Check out some of our digital currencies predictions for the year.

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February 20, 2018

What Is the Milchan Law? Interview with Harel Perlmutter

Harel Perlmutter, Head of our Tax Department, was interviewed by Bloomberg BNA in the wake of new publicity surrounding the Milchan Law. The law in question grants new immigrants and returning residents a 10-year tax exemption on income earned abroad.

February 19, 2018

Failed Attempt by Owners of Tel Aviv Building’s Basement to Convert Office Space into Apartments

The Tel Aviv District Appeals Committee recently set aside a building permit granted by the city of Tel Aviv to the owner of office space in a building designated for demolition under TAMA 38 who sought to convert the space to residential use.

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February 19, 2018

Supervision of Service Providers Engaging in Digital Currencies

While some uncertainty exists with regard to the regulatory regime that applies to public offerings of digital coins (ICOs), in the area of services related to digital currencies, regulations are expected to come into effect on June 1, 2018, within the scope of the Control of Financial Services Law.

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February 19, 2018

Zvi Gabbay Interviewed by Ynet News on Bezeq Investigation

Dr. Zvi Gabbay, Head of the Capital Markets Department, was interviewed by Ynet News about the recent developments in the investigation against Bezeq.

February 18, 2018

Terminating an Ongoing Transaction Puts an End to Advertisements

On February 2018, the Knesset passed Amendment 66 to the Communications Law. The legislative amendment, colloquially known as "the Spam Law", prescribes that when an ongoing transaction is terminated, a dealer will be prevented from continuing to send advertisements to the former customer, even without the consumer being required to send notice that he is opting out.

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