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Latest Updates / Regulation
June 11, 2025
Israel Securities Authority Pecuniary Sanctions: Enforcement Tool or Rights Violation?
The Israel Securities Authority (ISA) has recently begun to take a clearly more aggressive approach toward administrative enforcement. Originally, pecuniary sanctions were intended to provide a swift, proportional, and efficient solution for handling relatively minor law violations in the capital market.
June 5, 2025
DORA for Tech Vendors - What You Should Know (But Haven’t Asked)
DORA (Digital Operational Resilience Act) is an EU regulation that sets rules for how financial entities manage ICT (Information and Communication Technology) risks. It covers areas like cyber resilience, incident reporting, third-party risk, and oversight of critical service providers.
June 4, 2025
NSO Ordered to Pay $168M to WhatsApp: Implications for Israeli Companies
In May, a US federal court ordered Israeli firm NSO Group to pay $168 million to WhatsApp. The ruling raises key questions about US jurisdiction over foreign companies and defense tech regulation.
June 3, 2025
EU Reconsiders Its Free Trade Agreement with Israel Due to the War in Gaza
EU foreign ministers have decided to explore the possibility of cancelling the EU-Israel Association Agreement due to allegations that the war in Gaza is raising doubts concerning Israel’s commitment to the safeguarding of human rights.
May 27, 2025
Possible Suspension of EU-Israel Trade Agreement
The European Union has signaled the potential suspension of its trade agreement with Israel, raising concerns about the economic implications of such a move. Prof. Amichai Cohen, special counsel on international law at our firm, was interviewed about the legal and economic consequences of this development.
May 23, 2025
Regulation and Cost of Living in Israel Panel: Dr. Zvi Gabbay on Channel 10
Dr. Zvi Gabbay participated in a panel discussion on Channel 10 ( The economy channel) moderated by Dafna Shahar. The panel addressed the impact of regulation on the cost of living in Israel and potential strategies for addressing regulatory challenges. Participants included the Head of the Israeli Regulatory Authority, the former Director-General of the Israel Competition Authority, and other leading experts.
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
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
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 Canceled 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
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
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 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.
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.
April 28, 2025
US Reciprocal Tariffs
On April 5, 2025, the United States imposed a 10% reciprocal tariff on all products being imported into the United States (with exceptions). In relation to countries with a large trade deficit with the United States – including the State of Israel – a special reciprocal tariff was imposed on imported products, which is calculated according to the magnitude of the trade deficit. The special reciprocal tariff was frozen for 90 days in order to allow the parties to reach agreements on ways to reduce the trade deficit.
April 28, 2025
Tariff Crisis with the US Rekindles Debate over Israel’s Reciprocal Procurement Obligation
The Ministry of Finance, in conjunction with other government ministries, is currently formulating a plan to reduce the US trade deficit with Israel, in order to reduce the tariff rate that the Trump administration has imposed on goods imported from Israel. According to reports, one of the proposals currently being considered is to exempt US companies from reciprocal procurement obligation in exchange for their winning large-scale tenders in Israel.
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 27, 2025
Israel Securities Authority Issues Report Summarizing Its Findings Regarding Offerings of Securities without a Prospectus
The Israel Securities Authority (ISA) recently published a report summarizing its findings regarding offerings of securities without a prospectus. The report is intended for entities planning to offer securities to the public and presents the ISA’s position regarding the criteria for various exemptions enabling entities to offer securities without a prospectus.