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May 14, 2025
Crypto Transformed: From Parallel Finance to the Mainstream
Bitcoin was originally conceived as an alternative to the traditional banking system a means of storing value and making payments outside the conventional financial infrastructure. As a result, cryptocurrencies, including stablecoins such as USDT and USDC, still largely operate as a parallel system that rarely intersects with mainstream finance.
May 13, 2025
UNRWA’s immunity from tort claims
During the Swords of Iron War, it became evident that employees of the United Nations Relief and Works Agency (UNRWA) were working for Hamas and had participated in the October 7 massacre.
May 12, 2025
Increased Insolvency Proceedings in the Israeli High-Tech Sector
Adv. Idan Miller, Partner and the firm's Manager of the Insolvency and Corporate Recovery Practice, was interviewed by Channel 10 - The Israeli Economic Channel, regarding the growing number of insolvency cases among Israeli tech companies. The interview addresses the underlying causes, legal implications, and practical measures available to company directors in situations of financial distress.
May 12, 2025
Classifications of customs items
A court ruling handed down last month examined a fundamental practical issue: Can a material change be made in an imported product in order to change its classification for customs purposes?
May 11, 2025
The US tariff regime – reliefs for automobile manufacturers, and prevention of double tariffs
On Tuesday, April 29, 2025, the President of the United States signed an Executive Order and a Presidential Proclamation, easing some of the customs tariffs on automobiles imposed at the beginning of April.
May 11, 2025
The US government cancelled the de minimis exemption for low-value imports from China
The provision eliminating the de minimis exemption for low-value imports from China to the United States—previously granted for products valued under USD 800—has come into effect.
May 8, 2025
$175 Million Investment in the Data Centers Market
Advs. Roy Engel, Yana Zilbershtein, and Yakov Vilenski from our firm advised Menora Mivtachim on significant investments totaling $175 million in two companies operating in the data center sector, as part of the company’s strategy to expand its presence in this growing market.
These include a $100 million investment in the U.S.-based fund IPI Partners, which specializes in developing custom-built data centers for global technology giants such as Google and Amazon, and an additional $75 million investment in Aligned Data Centers, a leading U.S. technology infrastructure company.
May 8, 2025
Israel’s Privacy Authority Sets Strict AI Rules
In a recent op-ed in Israel Hayom, Dr. Avishay Klein from our firm comments on the draft guidelines issued by Israel’s Privacy Protection Authority to regulate the use of AI in organizations. The guidelines, set to take effect with Amendment 13 to the Privacy Protection Law in August 2025, introduce strict requirements—including a ban on using personal data without prior consent and heavy penalties for violations.
While establishing clear AI standards is a positive step, the one-sided emphasis on privacy—without addressing technological complexity and business needs—may create significant challenges. Organizations are urged to begin managing technological and regulatory risks in tandem.
May 8, 2025
ILS 80 Million Penalty for Israeli Banks Over Competing Company Stakes
Bank Hapoalim and Israel Discount Bank will each pay the State Treasury ILS 40 million within the framework of an administrative settlement, in respect of their acquisitions of minority stakes in a competitor.
May 8, 2025
Israeli Privacy Authority Targets AI: Business Implications Ahead
The Israeli Privacy Protection Authority (PPA) published a draft directive recently to clarify its position about how businesses and organizations should apply the provisions of the Privacy Protection Law and the privacy regulations to artificial intelligence systems.
May 7, 2025
U.S. Scores New Legal Antitrust Victory Over Google
The US government has recorded another big win in the battle that US law enforcement agencies have been waging for years against Google.
May 7, 2025
Interview in The Marker on the Development of the Logistics Sector
Adv. Hagit Ben Moshe, partner and head of our Settlement Department, was interviewed by The Marker as part of an article examining the rapid growth of the logistics sector in Israel and globally. The article explored the impact of the trade war and the imposition of heavy tariffs on imports to the United States, as well as the increasing volume of transactions in the sector—including the development of logistics centers (marlogim) for self-use or leasing, and the initiation of logistics complexes by income-generating real estate companies.
May 7, 2025
Conference: Innovations and Updates for Hedge Fund Managers
Our firm’s attorneys, Dr. Zvi Gabbay and Roy Engel, are speaking this morning at a conference hosted by the Israeli Hedge Fund Association (IHFA) at the offices of PwC. Their lecture focuses on key considerations and insights from a fund manager’s perspective during due diligence processes.
May 6, 2025
Comprehensive comparison between closed-end funds and open-end funds
Investment funds have a variety of legal structures customized to investors’ various needs and investment policies. The two main fund structures are closed-end funds and open-end funds, which differ in several material parameters, as explained below.
May 6, 2025
Significant tax benefits for owners of long-term rental buildings
Owners of buildings designated for long-term rentals are entitled to significant tax benefits that are being granted in order to encourage the construction of buildings that include residential apartments earmarked for long-term rentals.
May 5, 2025
Internal Enforcement and Compliance Surveys: Essential for Organizations in Israel
In an era of stringent regulations and increasing legal risks, it has become essential for organizations to implement internal enforcement programs. However, in order for such programs to provide legal protection, they must be effective, customized and well-documented.
May 4, 2025
Live Webinar: Trends in Class Actions: The Rise of Serial Plaintiffs and Repeat Claims
What? In recent years, public and private companies have faced a growing number of class action lawsuits, marked by an increase in serial plaintiffs and repetitive claims—often targeting the same companies or industries. Who? Adv. Eyal Nachshon, head of the firm’s class actions practice, will outline key legal developments, proposed legislative reforms, and offer practical tools for legal counsel to address and prevent serial filings. When? Wednesday, May 14, 2025, at 11:00 AM (Zoom link will be sent to registered participants).
April 28, 2025
Independence of the Chairman of the Federal Reserve of the United States
President Trump has repeatedly called for a lowering of the interest rate in the United States, while intensifying his attacks against the Chairman of the Federal Reserve, Jerome Powell, and threatening to fire him. According to recent reports, removing Powell is of the table for now, but there is no guarantee the proposal will not resurface in the future.
April 28, 2025
Rules of Origin in Free Trade Agreements
Significant tariffs are currently being imposed on international trade between China and the United States, which effectively blocks direct trade between the two countries.
April 28, 2025
Dumping levy on medical cannabis imports
According to press reports, on the eve of the Passover holiday, the Minister of Economy and Industry, Nir Barkat, decided to adopt the recommendation of the Advisory Committee on Trade Levies and impose a dumping levy on cannabis imports from Canada at a rate of up to 165% (the levy varies depending upon the manufacturer). On April 21, 2025, the Minister of Finance wrote a letter to the Minister of Economy expressing his opposition to the imposition of the levy, and the decision was put on hold.