Latest Updates

November 6, 2019

The Fine Print of Terms of Use

The United States Court of Appeals for the Ninth Circuit (in California) recently held that the scraping of data from public websites without any prior consent is lawful, even if it contradicts the provisions of a website's terms of use.

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October 29, 2019

Transfer of Digital Currencies - The Dream and its Collapse

Regulatory resistance and legal proceedings by the US Securities and Exchange Commission are hindering the realization of one of the greatest promises of blockchain technology – the transfer of cryptographic currencies and assets between users without an intermediary.

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September 26, 2019

Risk Management and the Latest Word on KYC and Preventing International Money Laundering

Together with Clifford Chance, we held a workshop for compliance officers and risk management department staff at Discount Bank and Bank Leumi. The workshop included discussions on money laundering enforcement trends, banks' obligations, and how to manage risk and provide service.

September 24, 2019

Article: Powerful Regulation Is Not the Way to Build a Stable and Functioning Market

In a Globes op-ed, Adv. Anat Even-Chen calls for cooperation between the Capital Market, Insurance and Savings Authority and the private market in order to create better regulation for fintech and financial services companies.

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September 11, 2019

Considering an M&A Transaction? Don’t Forget to Conduct Privacy Due Diligence

In light of heightened privacy enforcement in Israel and around the world, companies entering into merger and acquisition transactions should include privacy aspects in their due diligence.

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August 18, 2019

First-Time Fine Imposed for GDPR Violations Involving Employee Data Breach

The Hellenic Data Protection Authority (HDPA) recently imposed a EUR 150,000 fine on the international consulting firm PwC for its violations of the new European data protection regulations (the General Data Protection Regulations, or GDPR).

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August 4, 2019

New Restrictions on Hedge Funds in Israel

The Israel Securities Authority recently published a staff position that has material implications on the hedge fund sector in Israel and on the investor public, including the mode of incorporation of hedge funds and the limit on the number of investors in a fund.

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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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