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Latest Updates / Regulation

September 16, 2024

Regulatory highlights for small and medium-sized businesses

There has been a growing outcry recently against the ease at which class actions alleging a variety of offenses are being filed against small and medium-sized business-owners. Almost every week since October 7, news media have been reporting about business owners who were called up for reserve duty, spent months defending the country, and who, upon returning home after completing their tour of duty, are then forced to fight in the courts because a warning letter was waiting for them with a demand for high sums of compensation. Much has been written about this and about the impacts that such demand letters have on reservists – personally and at the business level. And as reported, this issue should be examined by the legislative authorities.

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September 1, 2024

The Money Market Reform in Israel is Underway

The Knesset approved a series of legislative amendments this past July designed to promote competition in the money market – money market mutual funds, deposits and government bonds (short-term loans maturing in less than one year) – and to enable the general public to achieve higher returns on its short-term savings.

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August 21, 2024

Artificial Intelligence Platforms and Copyright law: is the Legal Belt Tightening?

The U.S. court is hearing artists' lawsuits against AI platforms for copyright infringement. The decision could lead to new regulations and insights into the impact of using protected works for training.

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August 14, 2024

Israeli Capital Market, Insurance and Savings Authority Issues New and Revised Circulars

This year, the Israeli Capital Market, Insurance and Savings Authority issued a series of new and revised circulars regarding proper management and corporate responsibility by financial service providers.

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August 5, 2024

Podcast: The Payment Services Revolution

Our firm participated in the BDO Business Talk podcast, where we discussed payment services, the new regulatory requirements, and their impact on the financial industry.

August 4, 2024

Israel’s Money Laundering and Terror Financing Prohibition Authority Updates List of At-Risk Countries of the FATF

Following the Financial Action Task Force’s announcements, the Israel Money Laundering and Terror Financing Prohibition Authority published a list of countries and jurisdictions at high risk of money laundering, terror financing, and proliferation financing.

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July 30, 2024

Israel: Opening Access to Payment Systems and Allocation of Identification Codes to Payment Service Providers

The Bank of Israel’s Payment Systems Oversight Division recently published an access guide to supervised payment systems for Israeli and foreign applicants.

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July 28, 2024

Israel: Increased Enforcement of Packaging Law

The uptrend in warning letters, enforcement proceedings, and motions to certify class actions against manufacturers and importers obligated to achieve defined recycling targets by virtue of the Processing of Packaging Law is likely to intensify, inter alia, because filing such motions does not involve paying a fee.

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July 23, 2024

Israel: Significant Changes in Privacy Protection Law

The recent reform of the Privacy Protection Law aligns Israel's privacy regulations more closely with European standards.

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July 17, 2024

Israel: New Limitations on Transfers of Personal Data

Israel’s Privacy Protection Authority has published a draft opinion clarifying its interpretation regarding transfers of personal data from Israel to other countries. According to this interpretation, such transfers of personal data are generally permitted only if the receiving country ensures a level of data protection equivalent to that of Israel.

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July 14, 2024

Israel: Regulation of Payment Services Law Comes into Effect

When the law came into effect last month, the Knesset Economic Affairs Committee prescribed an important series of exemptions from licensing requirements and updated timetables for submitting license applications in particular instances.

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July 11, 2024

AI, Data Privacy, and Technology for the Modern Legal Counsel

Our firm organized a unique four-part course in collaboration with Microsoft, TrustIZ, and Taylor Wessing UK. Designed for legal advisors, the course covered critical topics including AI regulation, drafting and negotiating privacy aspects of AI agreements, and managing data breach events. The final session took place at our offices yesterday, marking the completion of this comprehensive and valuable series.

July 8, 2024

Federal District Court Vacates Rule under HHS's HIPAA Tracking Technologies Guidance

Until now, the HHS guidance provided a very broad interpretation of what constituted "protected health information" (PHI). This interpretation severely restricted data analytics service providers' ability to cater to hospitals and for hospitals to manage their digital assets, in addition to exposing them to class action lawsuits. A federal court's ruling to vacate the guidance is expected to facilitate both service providers and hospitals.

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June 16, 2024

Israeli Law Prevails Over Foreign Jurisdiction Clauses in Consumer Contracts

A new Israeli Supreme Court ruling states that, in particular instances, Israeli law will apply to engagements and agreements, even if those agreements stipulate that foreign law applies to them. In its decision, the court also issued several significant rulings that could affect commercial relations, in instances when cogent provisions of law apply.

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May 28, 2024

International Law: Amichai Cohen Interviewed on “One a Day” Podcast

Prof. Amichai Cohen, a special counsel at our firm and an expert on international law, was interviewed for an episode of the “One a Day” podcast hosted by Channel 12 News correspondent Elad Simchayoff. The episode dealt with the following question: “What does recognition of a Palestinian state mean?”

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May 13, 2024

The Netherlands: New Data Scraping Guidelines

The Dutch Data Protection Authority strictly interprets GDPR regarding data scraping, stating that data scraping will almost always be illegal.

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May 8, 2024

Barnea: Participating in Bar-Ilan University Environmental Law Hackathon

Our firm supports Bar-Ilan University's Environmental Law Hackathon, and today we advised the participants in formulating their project proposals, which were presented to Dr. Zvi Gabbay.

May 6, 2024

Using a Name without Permission: Privacy Infringement

An Israeli court ordered the McDonald’s fast food chain to pay ILS 40,000 to Maayan Parti, a consumer reporter for Israel’s Channel 12 News, after McDonald’s used the reporter’s name without her consent in an advertising campaign for the chain’s ice cream.

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May 1, 2024

Bipartisan Federal Privacy Act Proposed in US

Developed for over two years, the American Privacy Rights Act proposes establishing a nationwide standard for privacy and data security, to empower individuals to control their personal information, as part of their right to privacy.

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May 1, 2024

Potential ICC Arrest Warrants – Prof. Amichai Cohen Interviewed on “One a Day” Podcast

Prof. Amichai Cohen and Channel 12 news correspondent Yaron Avraham were featured on Elad Simchayoff’s “One a Day” podcast to discuss the International Criminal Court’s potential arrest warrants for senior Israeli officials over the war in Gaza.

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