Latest Updates

October 10, 2017

Ministry of Economics and Industry Seeks to Impose Restrictions on Telemarketing

The Ministry of Economics and Industry recently published a draft bill for an amendment to the Consumer Protection Law. This draft bill proposes placing restrictions on telemarketing.

See full article >

September 28, 2017

Revision of the Regulations Requiring Websites and Applications to be Accessible for People with Disabilities

The Knesset Labor, Welfare and Health Committee recently approved a comprehensive revision of Regulation 35 of the Accessibility to Online Services Regulations under the Equal Rights for People with Disabilities Regulations (Service Accessibility Adjustments), 2013.

See full article >

September 26, 2017

Article on Regulatory Challenges of FinTech Companies Featured in TheMarker

Micky Barnea, the firm's managing partner,published an article on the regulatory challenges facing Fintech companies, in TheMarker's FinTech Magazine. Micky notes that entry barriers to this field are not only the development stage, but also the strength of the regulatory solution. Therefore, acquired knowledge can become a real intellectual property and carry enormous potential.

View PDF >

September 26, 2017

Blocking Online Gambling Websites – New Israeli Legislation

The Israeli parliament has enacted new legislation that will authorize Israeli courts to issue orders that block, inter alia, online gambling website.

See full article >

September 25, 2017

Privacy and Cookies – the New Balance Introduced by Apple

Apple is set to introduce a new feature in the Safari browser that will significantly reduce advertisers' ability to collect and use personal data. The new feature, called Intelligent Tracking Prevention (ITP), imposes a 24-hour time limit on third party tracking cookies and a 30-day time limit on first party cookies.

See full article >

September 24, 2017

Israeli Binary Options CEO Arrested in US on Suspicion of Committing Electronic Fraud

The Israeli CEO of a binary options company has been arrested by federal investigators in the United States on suspicion of committing electronic fraud. Dr. Zvi Gabbay, partner and head of our firm's Capital Markets Department, is representing the company in this matter. In an interview with TheMarker on the subject, he noted this is a relatively early stage in the legal process and that an indictment has not yet been filed.

See full article >

September 24, 2017

Registration for an Application Is Tantamount to a Binding Contract

The New York Circuit Court of Appeals ruled recently that when a new user confirms the “terms of service” and “privacy policy” on an application’s registration screen, even without perusing the legal documents provided through these links, such approval suffices to raise the user’s legal engagement with the company to the standing of a binding contract.

See full article >

September 18, 2017

Spain Fines Facebook for Collection of Information without Consent

The Spanish Data Protection Authority slapped Facebook with a USD 1.4 million fine over three instances in which Facebook collected information on ideology, sex, religious beliefs, personal tastes, and browser history without properly notifying users what such information was being obtained for.

See full article >

September 14, 2017

What Constitutes Personal Information According to EU Law? The Examination Script Example

In a case recently brought before the European Court of Justice (ECJ), the Advocate General provided an opinion according to which a candidate's examination script, as well as the comments made on the script by the examiner, is personal data the candidate is entitled to receive.

See full article >

September 12, 2017

Dr. Zvi Gabbay speaking at the EY Anti-Fraud Forum

Dr. Zvi Gabbay, Head of Barnea's Capital Markets Department, will participate today in the EY Anti-Fraud Forum. Zvi will discuss how workers can take an active role in self-regulation and compliance.

September 12, 2017

India: Right to Privacy Declared to Be Protected under the Constitution

The Supreme Court of India recently ruled that the right to privacy is an integral part of the right to life and personal liberty enshrined in the Indian constitution, and as such is entitled to the same legal protection.

See full article >

September 4, 2017

Government Approves National Policy for Safe Identification

Israel's government recently set forth a decision approving the key points of a national “safe identification” policy. The purpose of this policy is to define how a person’s identity is to be verified when receiving government services in a digital mode, in order to improve the services being provided to residents, and to simplify the access to these services.

See full article >

August 30, 2017

Consumer Protection Law Prescribes a General Arrangement for Canceling Transactions

An amendment to the Consumer Protection Law was enacted recently, regulating the ways by which consumers can cancel transactions and imposing obligations on businesses to disclose to consumers how they can cancel transactions.

See full article >

August 29, 2017

Dr. Zvi Gabbay Discusses Regulation of Digital Coins in New Op-ed

Dr. Zvi Gabbay, Head of the Capital Markets Department, had an op-ed published in The Marker on the regulation of digital currencies. He asserts there will be no choice but to build a unique regulatory model that matches the characteristics of these new financial instruments.

See full article >

August 29, 2017

Fair Lending Law Finally Approved

The Knesset recently approved Amendment No. 5 to the Regulation of Nonbank Loans Law, which is now called the Fair Lending Law. This comes after years of deliberations and in the long wake of recommendations submitted in 2013 to increase competition in the banking system.

See full article >

August 21, 2017

Transfers of Data Base in M&A Transactions

The Israeli Law, Information and Technology Authority (ILITA) recently published a new draft directive regarding the handling of customers’ personal information (which is organized as a registered database or as a database under compulsory registration) when it is held by an acquiree company and is being transferred to the acquirer company within the scope of a merger or acquisition transaction.

See full article >

August 16, 2017

Dr. Zvi Gabbay talks SEC allegations against Mobileye founders with TheMarker

The US Securities and Exchange Commission (SEC) recently filed a lawsuit in a US court against an Israeli citizen and an American citizen for the use of inside information to acquire shares and options at Mobileye. The lawsuit alleges, among other things, that Mobileye's founders supplied information about the huge deal being forged between it and Intel. Dr. Zvi Gabbay, head of the Capital Markets Department at our firm was interviewed by TheMarker on the subject. He explained the differences between the enforcement process in Israel and the US and the relationship between civil enforcement by the SEC and criminal enforcement by federal prosecution.

See full article >

August 9, 2017

The Application of Foreign Privacy Laws on Israeli Activities – Really?

One of the key privacy protection issues in Israel is whether and to what extent the activities of an Israeli company may be subject to foreign privacy protection laws. This question has become of critical importance since the enactment of the General Data Protection Regulations in the European Union.

See full article >

August 8, 2017

Monetary Authority of Singapore to Begin Regulating the Issuance of Virtual Currencies

Adv. Daniel Israeli was interviewed by TheMarker after the Monetary Authority of Singapore (MAS) announced it would begin regulating the issuance of virtual currencies (ICO). Daniel noted that Singapore has developed into a destination of sorts for ICOs, and thus the MAS' decision will certainly change the rules of the game.

See full article >

August 7, 2017

Supreme Court Precedent – Companies Have the Right to Independent Standing during a Derivative Suit

A significant precedent was handed down recently by the Israeli Supreme Court, whereby a company’s separate and independent standing must be recognized, even after a motion for a derivative suit has been approved.

See full article >

Search by Practice

Latest Updates / Regulation