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Home · practice areas · Regulation · Latest Updates

Latest Updates / Regulation

May 24, 2020

An Opportunity for Regulators

The Israel Securities Authority's current enforcement policy forces officers and companies that have acted in good faith to prove as much in an administrative enforcement proceeding. Check out an opinion article by Dr. Zvi Gabbay and Shir Rozenzweig published in TheMarker about how regulators can adjust this policy.

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May 20, 2020

Doing Business in Israel – Practical Law

This year, we were once again responsible for preparing the QA guide on doing business in Israel for the Practical Law website. The guide provides an overview of recent key developments that have affected doing business in Israel, including the legal system, foreign investment, employment, tax, competition, privacy, IP, etc.

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April 28, 2020

Libra 2.0 – From Global Currency to a Payment Method on Facebook’s Platform

After Libra, Facebook’s ambitious global digital currency venture, faced fierce resistance from regulators around the world, Facebook has announced “Libra 2.0.” The venture is set to undergo far-reaching changes that, on the one hand, will likely do away with regulatory concerns, but, on the other, will force Facebook to give up its original vision, i.e. a quick and simple transfer of digital currencies between accepted users worldwide without the need for a bank account.

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April 2, 2020

Israel: Extending Validity of Regulatory Approvals in Light of the Coronavirus Crisis

On March 25, 2020, emergency regulations were adopted in Israel that include, among other things, an extension of the validity of regulatory approvals that expire in the near future.

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March 29, 2020

Coronavirus in Israel – Getting Your Business Seen as an Essential Service

Special coronavirus-related emergency regulations were promulgated in Israel on March 21, 2020, listing specific economic activities considered as essential that are allowed to operate with fewer limitations.

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March 26, 2020

Protecting Privacy despite the Coronavirus

The global effort to fight the spread of coronavirus has prompted new privacy related questions around the world. Much has been written for and against the use of privacy-compromising measures to protect public health. Therefore, we have chosen to concentrate on the practical implications of privacy principles on companies and businesses.

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March 22, 2020

The Israeli Ministry of Environmental Protection Issues Guidelines for Permit and License Holders for Foreseeable Future

On March 18, 2020, the Israeli Ministry of Environmental Protection issued a set of guidelines for adjustments to businesses and factories with permits and licenses issued by it for toxin permits, emission permits, and business licenses with environmental conditions.

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March 15, 2020

Israel’s Privacy Protections and Data Security Recommendations for Telecommuting due to Coronavirus Spread

The Israeli National Cyber Security Authority published recommendations for business and organizations related to privacy protections and data security for telecommuting due to coronavirus spread.

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March 6, 2020

Firm Partners Lecture at TAU Entrepreneurship Center

As part of the firm's collaboration with Tel Aviv University's Entrepreneurship Center, we were invited to lecture students on the relevant legal aspects of entrepreneurial activity. We discussed the basics behind founders’ agreements and why it's important to make such an agreement. Yuval Lazi explained the methods, possibilities, and challenges of venture capital raising, from family and friends to exits. Anat Even-Chen concluded with a lecture on online business activities, including what website policies should contain and how to build a business correctly so as not to be exposed to privacy issues.

March 4, 2020

Protect Your Business by Learning How to Handle Data

In an attempt to assist businesses in addressing the privacy challenges they face, we prepared a short guide on the key principles of handling data.

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February 23, 2020

Chambers TMT Guide 2020: Law in Practice

As experts in the TMT field, our firm was asked to contribute the Israeli law and practice overview for the Chambers Israel TMT guide. In their overview, Micky Barnea, Daniel Lorber, and Anat Even-Chen discuss legal considerations for big data, machine learning, and artificial intelligence. They also address key data protection principles, the challenges with IT service agreements, privacy matters, and more. As a whole, the TMT guide offers insights for each jurisdiction.

See full article >

February 2, 2020

Israel Securities Authority Promotes the Assimilation of Technological Innovation into the Israeli Capital Market

The ISA's commission for examining the regulation necessary for the advancement of digital markets published a report that focuses on platforms for the issuing, trading, and clearing of securities that make use of blockchain technology.

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January 1, 2020

New Standards in Cyber Protection for Companies in the Government, Infrastructure, and Finance Sectors

The Governmental Cyber Security Unit has published a new directive according to which material service providers to government, infrastructure, and finance bodies will be required to adopt a common and unified standard for cyber protection.

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December 31, 2019

Good Night 2019!

Check out some interesting developments in the Israeli high-tech sphere in 2019.

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December 23, 2019

Latest Developments in the Israeli Payments Market

The Bank of Israel recently led several important developments in the Israeli payments market, which are designed to encourage competition and to advance the implementation of innovative technologies.

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December 17, 2019

Israel Singapore Fintech Convention

Our firm hosted today a meetup for the Israeli fintech community in collaboration with Fintech Fever and the Singapore Fintech Association. Dr. Zvi Gabbay lectured on current regulation, as well as challenges and opportunities in the field.

Link to Zvi Gabbay's Lecture

December 12, 2019

Meetup for Women in Ecommerce

We hosted today a meetup for female entrepreneurs in the ecommerce field. Harel Perlmutter and Anat Even-Chen lectured to the participants on the taxation and regulatory issues that could affect them.

December 4, 2019

What You Should Know before Launching a Website or App

When a company is looking to start operating on-line via a website or an app, it must ensure its relationship with its users is defined not only from a marketing point of view but also from a legal perspective. Watch the video to learn more.

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November 19, 2019

Event: The Future of Money Transfers

Our firm hosted today ACC members for a seminar on money transfers. Dr. Zvi Gabbay reviewed the regulations and guidelines that exist today in Israel and around the world on the handling of money transfers. In addition, we conducted a panel discussion addressing the challenges and opportunities facing businesses who need to know how to solve problems that may arise. Participating in the panel were Anat Even-Chen, our regulation expert; Doron Cohen, CEO of Covercy; Idit Froim, General Counsel of Colu; Yitz Raab, Managing Partner of Tzur Management; Rami Sasson, Chief Compliance Officer of Discount Bank; and Ronen Siman-Tov, CTO of IBM Blockchain World Wire.

November 18, 2019

Israel's Attorney General Guideline to Advance Transition to Digital Services in Government Ministries

In October 2019, Israel's Attorney General published a detailed guideline document addressed to the legal counsels of various government ministries.

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