Latest Updates

December 6, 2018

Email Addresses Considered “Personal Information” Pursuant to Israeli Privacy Protection Law

The Israeli Privacy Protection Authority recently published a pronouncement whereby a collection of email addresses and the names of their owners also constitutes a database.

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November 29, 2018

French Tech Tour – Healthcare Delegation

We hosted today a delegation of French startup companies from the life sciences and medtech sectors. The delegation was organized by the Embassy of France and visited Israel to learn about the local life sciences scene. During the event, Adv. Ariella Dreyfuss discussed the Israeli medtech ecosystem and the legal challenges companies should be aware of.

November 6, 2018

UK GDPR Enforcement Measure against Canadian Company

Recently, the UK Information Commissioner’s Office decided to take action against a non-European entity following an alleged breach of the GDPR.

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October 29, 2018

Israel Securities Authority: Cyber Event Requires Reporting

In light of the increasing magnitude and scope of cyber threats, as well as growing concerns about disruptions to public companies’ operations, the Israel Securities Authority (ISA) has published a Staff Position Statement addressing public companies’ required disclosures for all cyber-related issues.

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September 13, 2018

SEC Takes First Action against Crypto Hedge Fund

Adv. Daniel Israeli was interviewed by Calcalist following the SEC's decision to fine an unregistered crypto broker-dealers and its owners.

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September 6, 2018

"Mechir Lamishtaken" Lottery Deemed Illegal

Our Head of the Internet Department, was interviewed by TheMarker about the lottery mechanism of the "Mechir Lamishtaken" plan. The mechanism was deemed illegal after it was discovered a permit was not obtained as required under Israel's Penal Code.

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September 5, 2018

A Small Step for the Regulator, a Big Step for Blockchain Technology

Dr. Zvi Gabbay has published an article in Globes about the changing financial regulation in the US around crypto coins.

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August 29, 2018

New Privacy Protection Laws in Brazil and India

Both Brazil and India have recently passed new privacy protection laws. These laws may also apply to Israeli companies doing business in the countries.

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August 13, 2018

Increasing Privacy Protection Enforcement

Over the last few days, the Privacy Protection Authority has begun sending in-depth questionnaires to various business entities for the purpose of examining these entities’ compliance with the Privacy Protection Regulations (Data Security) that came into effect on May 8, 2018.

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August 12, 2018

Bank of Israel Encourages New Digital Banks

In June 2018, the Bank of Israel published a new policy for authorizing small and digital banks. The Banking Supervisor announced that new banks can have initial regulatory capital of NIS 50 million - a substantial reduction of the levels previously required.

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August 8, 2018

New Comprehensive Privacy Protection Law Comes into Effect in California

California recently passed a sweeping consumer privacy law that significantly increases the protection provided to people whose personal information is being collected.

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August 6, 2018

The New Reform in the Field of Privacy Protection and Information Security - the Day After and the Future …

Israels new Privacy Protection (Information Security) Regulations came into effect this past May. These regulations constitute a significant reform and turning point in the field of personal information security in Israel and in protecting the privacy of Israeli citizens.

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August 5, 2018

Obligation to Disclose Post-Sale Delivery and Service Policies

Adv. Asaf Shalev was interviewed by TheMarker regarding the Consumer Protection Authority's new directive, according to which companies and business owners who operate a store or a website will be required to specify in a prominent and visible location which areas they refuse to provide their services to.

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July 17, 2018

Approved by the SEC – Security Tokens Exchange in the US

Coinbase, one of the leading cryptocurrency exchanges in the US, received approval from the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list for trading digital currencies considered to be securities (security tokens). Coinbase has thus become the first US federally-regulated platform for trading security tokens.

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July 10, 2018

Updates on Consumer Protection Laws

Several new consumer protection updates: the obligation to disclose post-sale delivery and service policies, the expansion of provisions regarding the scheduling of providing services at consumers’ homes, and relief in the obligation to mark apparel products.

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July 10, 2018

Memorandum on the Cyber Defense and National Cyber Directorate Law

The Israeli Prime Minister's Office published a memorandum on the proposed Cyber Defense and National Cyber Directorate Law. This law is designed to regulate the National Cyber Directorate’s purpose, functions, and powers.

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June 25, 2018

The Role of GDPR in the World of Digital Advertising and Marketing

Our Head of the Internet Department lectured today on the new GDPR privacy regulation. He addressed digital, marketing, and information systems VPs who are members of the CDO Club.

May 31, 2018

Financial Services Law Postponed

Adv. Anat Even-Chen gave several media interviews (in Heb) following the Knesset Finance Committee's decision to postpone the entry into force of the Financial Services Law. This law was supposed to regulate the trading of digital currencies for the first time.

Article from The Marker

Financial radio program (starting min' 10:50)

May 30, 2018

Israel Proposes Personal Stock Investment Accounts with Tax Perks

Dr. Zvi Gabbay was interviewed by Bloomberg BNA regarding a new bill, according to which anyone who sells his apartment is entitled to open a special investment account that will benefit from deferring payment of tax on capital gains.

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May 28, 2018

GDPR – Why Should We Care about It?

The EUs General Data Protection Regulation is designed to help individuals better control their personal data. As this regulation applies also to those that offer products or services in the EU, major websites have begun updating their privacy policies to comply. Doing so is important for a number of reasons.

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