Latest Updates

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.

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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.

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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.

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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.

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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.

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April 24, 2025

New EDPB Draft Guidelines: Personal Data on the Blockchain

Earlier this month, the European Data Protection Board (EDPB) issued draft guidelines on the processing of personal data through blockchain technologies.

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April 20, 2025

Israel Securities Authority Regulates Use of Chatbots on Financial Platforms

The AI revolution in the Israeli capital market: The Israel Securities Authority allows financial institutions to use chatbots on their financial analyses platforms, but imposes clear rules and important restrictions on their use.

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April 11, 2025

Is Trump Manipulating the Markets? Dr. Zvi Gabbay Speaks to N12

Shortly before US President Donald Trump announced a 90-day freeze on tariffs affecting most of the US’s trade partners—sending global markets soaring—he published a series of controversial posts referencing the ticker of a company he owns. These posts raised serious legal questions regarding potential market manipulation, conflicts of interest, and regulatory exposure. Dr. Zvi Gabbay shared his legal insights in an interview with N12.

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April 10, 2025

Installing Surveillance Cameras in the Workplace: Balancing Between Employees’ Rights and Employers’ Legitimate Security Measures

A recent ruling by the National Labor Court establishes that placing cameras near an employee’s workstation does not necessarily constitute a substantial deterioration in working conditions.

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April 7, 2025

Drug Registration Reform in Israel: Processes Are Being Streamlined and Time Frames Shortened to Increase Supply and Lower Prices

The Ministry of Health published a new outline recently, which is designed to shorten the registration time frames for new drugs. The outline is based on higher cooperation between the Ministry of Health and leading drug registration authorities around the world, while relying on approvals issued in other countries.

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April 3, 2025

United States Imposes Customs Tariffs on Imports of Israeli Products

On April 2, 2025, the President of the United States signed an Executive Order announcing the imposition of very extensive customs tariffs on products being imported into the United States. Following is a quick analysis of the implications of the order on Israeli manufacturers in various sectors of the economy.

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March 24, 2025

Pay Attention: Clearview AI to Pay Landmark Amount for Collecting Biometric Data Without User Consent by Scraping

Recently, a US District Court in Illinois has granted final approval to a settlement in the Clearview AI consumer privacy litigation, concerning the company’s controversial practices of collecting and storing biometric facial recognition data. This should serve as a reminder that US state privacy laws are as relevant as ever and that their violation may lead to significant penalties.

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March 13, 2025

Bank of Israel Releases Preliminary Digital Shekel Design for Public Comment – A Real Opportunity for Competition and Innovation?

Last week, the Bank of Israel published a preliminary design of the central bank’s Digital Shekel system. In a detailed document, holding more than 100 pages, the Bank of Israel presents guiding principles and a work plan for further advancing this ambitious project.

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March 11, 2025

Shahar Poller Atzil on Channel 10: New Broker Regulations

New ethics regulations for real estate brokers in Israel recently came into effect, requiring them to operate with full transparency and uphold high standards of integrity toward their clients. Adv. Shahar Poller Atzil, a partner in our Litigation Department, was interviewed by Channel 10, Israel's business news channel, on the new reform, which is set to radically change the landscape of the real estate brokerage market in Israel.

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March 3, 2025

Revolution in Electronic Promissory Notes – Court Recognizes Digital Notes

This past weekend, a precedent-setting ruling was issued in the case of Bizi Finance Ltd., in which the court was required to determine whether a promissory note signed electronically could be enforced through the enforcement and collection offices.

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March 2, 2025

Israel Steps Up Enforcement on Retail Price Marking Violations

The Ministry of the Economy’s wide-scale enforcement campaign launched last weekend in branches of supermarket chains throughout the country, found violations of the obligation to mark prices in all of the branches that were inspected.

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March 2, 2025

Significant Shift in the Israeli Privacy Protection Authority’s Definition of Consent

The Israeli Privacy Protection Authority has issued a new statement introducing a significant change in the interpretation of the law and in the required methods for obtaining consent to the collection and processing of personal data. While the dry wording of the law enabled reliance on tacit or tacit consent, the PPA now clarifies that explicit, informed and free consent must be prioritized.

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March 2, 2025

ESG in the Crosshairs: Will Trump's Policies Change the Rules of the Game? An Interview with Dr. Zvi Gabbay

In the past, ESG matters were primarily handled by accounting firms and external consultants. However, in recent years, leading law firms in Israel have begun establishing dedicated ESG departments or integrating ESG advisory services into existing practice areas such as corporate law, regulation, and environmental law. This shift has been driven, among other factors, by increasing regulatory demands from the Bank of Israel, the Israel Securities Authority, and the Capital Market Authority. Now, with Trump's return to the White House and his new policy direction, is the status of ESG set to change? An interview with our firm's Dr. Zvi Gabbay in Globes.

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March 2, 2025

Legal Assistance Between States Law: A Violation of Suspects' Rights?

Recently, in an effort to intensify the fight against international crime, the Knesset passed an amendment to the Legal Assistance Between States Law, 1998, which expands authorities' powers to confiscate assets located in Israel belonging to individuals against whom criminal proceedings have been opened in foreign countries. This amendment raises critical legal dilemmas and questions regarding the rights of suspects and third parties. Adv. Shir Rozenzweig, who specializes in regulatory enforcement and white-collar crime, addresses these issues and more.

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March 1, 2025

Fintech Tel Aviv 2025 Annual Summit: Dr. Zvi Gabbay on Expert Panel

Dr. Zvi Gabbay, head of our firm's Regulation Department, has been invited to join an expert panel on "Best Practices for Fintech Implementation and Operations" at the Fintech Tel Aviv 2025 Annual Summit. Startups, investors, and companies are invited to this unique fintech event.

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