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Latest Updates /  Regulation

December 13, 2022

ISA – New Obligations for Foreign Brokerage Service Providers

The Israel Securities Authority’s (ISA) new draft amendment to the general permit to offer foreign brokerage services in Israel proposes to obligate permit holders to supervise the activities of marketers on their behalf. For example, permit holders must carry out due diligence examinations of marketers.

December 1, 2022

Effects of Trade Agreement between Israel and Japan – Amichai Cohen Op-Ed in Maariv

Israel and Japan have announced negotiations to sign a free trade agreement. In an op-ed for Maariv, Professor Amichai Cohen, an expert in the field of international law, explains how such an agreement will affect the Israeli economy.

November 28, 2022

Can Israeli Employers Request Medical Information during the Hiring Process?

The Israeli Privacy Protection Authority recently published a document presenting its position and recommendations on the privacy protection aspects pertinent to waivers of medical confidentiality and disclosures of medical information during the hiring process.

November 20, 2022

Regulation: Tips for Online Purchases for a Month Full of Sales

Anat Even-Chen, the head of our firm's regulation practice, was interviewed by Walla for a special article ahead of Black Friday. She offered readers a number of tips for safe online shopping.

November 16, 2022

How to Maintain Patient Privacy when Digitally Transferring Medical Information

The Israeli Privacy Protection Authority has published a document containing a series of recommendations that address the use of ordinary and non-designated applications for sharing information among a variety of parties.

November 10, 2022

"Dieselgate" Effect: Israel Changes Rules of Game for Class Actions over Environmental Damage

The Tel Aviv District Court recently allowed a motion to certify a class action against the Volkswagen Group and its importer in Israel, Champion Motors Ltd. The class action focuses on the Dieselgate scandal, after an investigation discovered that Volkswagen installed emissions management software in its diesel-powered vehicles that falsifies air pollution data.

November 6, 2022

New Regulations Exempt Credit and Financial Service Providers from License Requirement

To make it easier for fintech companies to operate in Israel, the Knesset Finance Committee has passed regulations to exempt several types of credit providers and financial service providers from a licensing duty.

November 6, 2022

Ransomware Attacks – New Israeli Justice Ministry Recommendations

In light of the increase in fraud crimes in the digital space, the Israeli Justice Ministry has formulated recommendations for defining a policy to contend with ransomware attacks. The recommendations relate to both private entities and government bodies. The new recommendations are part of a more comprehensive examination conducted by the Justice Ministry of enforcement authorities’ handling of these cyberattacks, including regarding the provision of support to entities under attack, assistance to victims of fraud in the digital space, investigation, and enforcement.

November 3, 2022

New Draft Regulation on Financial Asset Service Providers

The Israeli CMISA published two draft circulars about its intent to tighten the supervision over crypto assets, in the wake of the Celsius crypto meltdown.

October 25, 2022

All Government Ministries Must Submit Climate Action Plans by the End of 2023

This week, the Israeli government approved the joint proposal submitted by the Prime Minister and the Minister of Environmental Protection to obligate all government ministries to formulate climate action plans. The proposal was approved ahead of the upcoming United Nations Climate Change Conference, which will be held in Sharm El Sheikh, Egypt.

October 3, 2022

Israel Declares Independence of Privacy Protection Authority in Ministry of Justice

This declaration will help to maintain the European Union’s continuing recognition of the State of Israel as a country whose data protection laws are on par with the European Data Protection Regulation.

October 2, 2022

Barnea: Representing Pronto Diagnostics and Owners in Sale to Novolog

Sagi Gross and Dor Levi-Tam represented Pronto Diagnostics and its owners in a transaction to sell control of the company to Novolog. Pronto operates in the field of molecular genetic diagnostics.

September 15, 2022

Real-Time Reporting of Major Data Breach Events

The Israeli Privacy Protection Authority issues instructions to report data breach events or concerns of data breach events immediately.

September 4, 2022

In First, Company Fined for Violating California Consumer Privacy Act

Sephora, the cosmetics giant of the LVMH group, must pay a USD 1.2 million fine for failure to comply with the California Consumer Privacy Act (CCPA), after receiving a warning from the California Attorney General and time to rectify its violations.

August 25, 2022

Informing on Cyber Risks during Sale of IoT Products

According to the Israeli Consumer Protection Authority’s draft directive, the disclosure obligation applies at all stages of a transaction, including when advertising and marketing an IoT product.

August 8, 2022

Israeli Privacy Protection Authority Clarifies Scope of Duty to Inform on Collection and Use of Personal Information

The publication presents the PPA’s position on the duty to inform on the collection and use of personal data (as derived from the Privacy Protection Law), specifically highlighting the duty to inform when using algorithm-based or AI-based decision-making systems.

August 8, 2022

EU Proposes to Regulate Companies That Receive Foreign Governments Support – How Will This Affect Foreign and Israeli Companies?

The proposed regulation grants the European Commission the power to take measures against companies operating in the European market that receive significant government support from countries that are not members of the European Union.

August 7, 2022

Public Corporations and Public Announcements – between the Rock of Israeli Competition Law and the Hard Place of Securities Law

While the Israeli Securities Law obligates public companies to report their activities fully and transparently, the Israeli Competition Authority may prosecute them precisely for doing so.

July 28, 2022

Israeli Supreme Court: Monopolies May Be Sued for Charging Unfair Excessive Prices

Israeli district courts have already recognized the possibility of suing a monopoly for charging an unfair excessive price, but the Israeli Supreme Court’s recognition of this cause of action ends defendants’ potential arguments for opposing this very possibility.

July 28, 2022

Israeli Supreme Court Asserts Responsibility Is Not Necessarily Accountability

In its Euro-Trade ruling, the Israeli Supreme Court essentially allows regulatory and public authorities to act as they deem fit and to receive the court’s protection even when their actions result in substantive damages.