Latest Updates

July 29, 2019

Zvi Gabbay Opinion Article Featured in Law360

Zvi Gabbay published an opinion article in Law360. It discusses the SEC's treatment of two recent events—the federal suit against Kik Interactive and Facebook's announcement on the launch of a new digital currency.

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July 29, 2019

Payment Apps Will Enter Small Businesses

Bank of Israel published a position paper with respect to the activity of banks' payment apps in the B2C market. The position paper is the conclusion of a long battle waged by credit card companies against the banks.

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July 24, 2019

When the Privacy Watchdogs Bare Their Teeth

July 2019 brought an escalation in the enforcement of privacy infringements by companies around the world. These events underscore the trend that began with the GDPR taking effect and should lead any business entity coming across personal information.

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July 10, 2019

The Israeli Payment Market Is Lagging Behind

The payment market in Israel and around the world is marching toward revolution. Still, Israel lags far behind compared to the rest of the world, and the rate of adopting innovation in the field of payment services is very slow.

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July 4, 2019

The Law of Facebook Is Not the Law of Small Companies

On June, two seemingly unrelated events took place: the SEC filed suit in federal court against the company Kik Interactive and Facebook announced the expected launch of a new digital currency the Libra. Whats the connections ?

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June 25, 2019

Event on Investor Relations and Corporate Responsibility

Our firm hosted today an event in cooperation with the Israeli Investor Relations Forum on investor relations and corporate responsibility. Dr. Zvi Gabbay lectured on how corporate responsibility is perceived by regulators.

June 2, 2019

Event Invite: Privacy Regulations – Is Your Business Ready?

The entry into force of the GDPR and the Israeli information security regulations are undoubtedly among the most important legal events of recent years. Their impact on the activity of organizations and businesses concerns not only local companies but also any company wishing to operate in those jurisdictions. We invite you to attend an event where you will receive important instructions and tips on how to implement the obligations that apply to you.

Registration link

May 23, 2019

An Investigation in Ireland Against Google: Privacy Infringement for the Purposes of Targeted Advertising

Adv. Anat Even-Chen in an interview for TheMarker in response to an investigation launched by the Irish Data Protection Commission against Google for violating the GDPR Regulations. According to Anat, the investigation focuses on the service of Internet advertising, and its findings may affect many companies around the world and in Israel, which operate in the field of Adtech.

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April 28, 2019

TASE Promotes a Proposal for the Entry of Nostro Players as TASE Members

On April 7, 2019, the Tel Aviv Stock Exchange (TASE) published a proposed amendment to the Stock Exchange Regulations, whereby the barriers to the entry of new TASE members will be removed and for the first time Israeli entities will be allowed entry into the stock exchange even if they operate exclusively for nostro.

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April 16, 2019

Companies Seeking to Provide Brokerage Services are Required to File a Permit Application by May 30, 2019

Applicants who submit a permit application on or before May 30, 2019, may continue to offer brokerage under the previous ISA regime until receiving a decision on their application.

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April 3, 2019

Event: The Role of Boards of Directors in Maintaining Honesty

Our firm hosted today the Israel's Directors Union for a seminar on the prevention of bribery and corruption. Dr. Zvi Gabbay lectured on the duties of boards of directors in Israel, and Adv. Hadar Israeli presented the American perspective.

March 21, 2019

ISA Makes First-Time Decision on How Cryptocurrency Asset Offerings Will Be Regulated

The committee appointed by the Israel Securities Authority (ISA) to examine regulation of cryptocurrency offerings to the public has published the outline of its regulatory policy in a final report submitted to the ISA chairman. The committee recommended focusing on regulatory models that offer structural flexibility.

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March 13, 2019

Eight Basic Terms Relating to Antitrust and Competition

When reaching business decisions, nearly every manager must consider issues relating to restrictive trade practices. Click to read basic terms that every business should know about the antitrust law.

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February 12, 2019

French Data Protection Regulator Fines Google for Violating the GDPR

Eight months after the European Union’s General Data Protection Regulations came into force, the French regulator issued Google a EUR 50 million fine, the highest fine issued so far under the GDPR.

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January 8, 2019

Amendment to the Israeli Restrictive Trade Practices Law

On January 1, 2019, Israel's parliament approved an amendment to the Restrictive Trade Practices Law. This amendment seeks to deepen and focus the Antitrust Authority’s efforts to prevent activities posing potential harm to competition and to the public.

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January 2, 2019

Liability of Officers and Functionaries in an Insolvent Corporation

Chapter 8 of the new Insolvency and Economic Rehabilitation Law addresses the liability of officers and functionaries. The law’s main innovation is that - beyond liabilities toward the corporation, which already existed prior to the enactment of the law, such as fiduciary duty and duty of care - special liability will also be imposed on the corporation’s officers and functionaries.

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January 2, 2019

"High" Companies

The Israel Securities Authority published an announcement to investors with various emphases about public companies operating in the medical cannabis market. Its announcement calls investors’ attention to several parameters they should consider when deciding whether to invest in securities of public companies operating, or expecting to begin operating, in the medical cannabis market.

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January 1, 2019

Amendment to Hazardous Drugs Ordinance Promotes Regulation in Cannabis Market

On December 25, 2018, the Israeli parliament approved the second and third readings of an amendment to the Hazardous Drugs Ordinance (Delegation of Supervisory and Enforcement Authorities Relating to Cannabis for Medicinal and Research Purposes).

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December 31, 2018

Supreme Court Decision on Knesset Channel Chosen as Top Ruling in 2018

TheMarker named the Supreme Court's ruling on the Knesset Channel tender as one of the five most important verdicts of 2018. According to TheMarker, the ruling provides a glimpse into the Court's attitude to the media. Advs. Zohar Lande, Eyal Nachshon, Adi Shoham, and Omer Keydar of the firm's Litigation Department represented RGE Knesset Channel, which won the tender.

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December 31, 2018

What You Always Wanted to Know About Fintech Regulation, But Were Afraid to Ask…

For Fintech companies looking or hoping to work in Israel, the regulatory developments could either serve as an opportunity or as a barrier, and should be carefully considered. Click to read an overview of the Israeli Fintech regulatory situation.

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