Latest Updates

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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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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