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Home · practice areas · Regulation · Latest Updates

Latest Updates / Regulation

March 6, 2022

The Tesla Might Be Electric, but Is It Eco-Friendly?

Elon Musk declared he would build a Tesla manufacturing factory in Germany in as early as 2019. The factory only obtained a license to operate now. The German regulator, environmental protection organizations, and Russian President Vladimir Putin all played a part.

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March 2, 2022

Globes Op-ed by Zvi Gabbay – Crypto and the Regulators

Dr. Zvi Gabbay writes in a Globes op-ed about rising up to the blockchain challenge and who needs to make the next move.

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February 27, 2022

The War in Ukraine and International Economic Sanctions

The economic sanctions the United States has imposed on Russia have possible implications for the Israeli business community.

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February 21, 2022

Website Accessibility - Legislation and its Meaning

Adv. Anat Even Chen and Adv. Eyal Nachshon, Partners at our office, lectured today at the website builders forum on the requirements and obligations of owners, site builders, and site operators given the obligation to access the degrees.

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February 13, 2022

Illegal Spilling of Sewage Water into Sea Leads to Significant Fine

A boutique hotel in Jaffa was convicted of spilling sewage into the sea without a permit. The court fined the company and two of its employees.

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February 3, 2022

The Israeli Privacy Protection Authority’s Recommendations Regarding the Appointment of Data Protection Officer

The Israeli Privacy Protection Authority has published recommendations that organizations and companies in all sectors of the economy should appoint data protection officers, along with an instruction kit in this regard. The document was published at the end of January 2022 as part of Privacy Protection Week.

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January 27, 2022

NSO Affair and Supreme Court OK for Search of Netanyahu’s Aides’ Phones – Op-Ed by Shir Rozenzweig

Two recent major cases have involved privacy matters. One is the Israel Police’s alleged use of NSO’s Pegasus software to hack into civilians’ phones. The other is a Supreme Court verdict allowing police to search the phones of former Prime Minister Benjamin Netanyahu’s aides. With these cases in the headlines, N12 has published an op-ed by Shir Rozenzweig discussing our right to privacy of the information found on our smartphones and computers.

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January 26, 2022

Amichai Cohen Guest Stars on BDO Podcast – Bermuda Triangle: Israel, US, and China

Prof. Amichai Cohen, our firm’s special counsel on international law, discussed the complicated relationship between Israel, China, and the United States as pertains to law, finance, and business.

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January 23, 2022

Israeli Privacy Protection Authority Adapts Privacy Protection Laws

The draft bill is an important step toward achieving the objectives set by the Privacy Protection Authority and the government to increase privacy protection.

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January 18, 2022

Right to Privacy when Issuing Search Warrants of Computers and Cellular Devices

In an expanded panel of nine justices, Israeli Supreme Court prescribed a set of rules concerning procedures and judicial discretion on the granting of search warrants of computers and cellular devices as part of an investigation.

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January 18, 2022

Israeli Competition Authority Taking Strict Position toward Vertical Price Maintenance Arrangements

A few days ago, the Israeli Competition Authority published for public comments draft public statement 1/22, presenting its position on vertical price maintenance arrangements. The final public statement 1/22 will replace the Competition Authority’s previous statement 2/17 published in 2018.

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January 11, 2022

Regulating Israeli Banks’ Provision of Services to Licensed Cryptocurrency Service-Providers

The Bank of Israel is proposing to regulate the provision of services to licensed cryptocurrency service-providers so that banks will not be able to sweepingly refuse to provide service and will have to formulate a risk management policy.

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January 10, 2022

Dramatic Ruling on Excessive Pricing: District Court Denies Two Motions to Certify Class Actions against Tnuva

In December 2021, the Jerusalem District Court dismissed two motions to certify a class action against the leading dairy manufacturer in Israel, Tnuva, for charging excessive prices. Both the motion and the dismissal are part of an intense dispute for years. The dispute revolves around whether the prohibition of a monopolist charging an “unfair” price applies to charging excessive fees. In 2014, the director-general of the Competition Authority published a public statement on the prohibition of excessive pricing by a monopoly.

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January 5, 2022

Israeli Environmental Protection Ministry Takes Major Step to Ensure Environmental Rehabilitation per Polluter Pays Principle

The Knesset Finance Committee, headed by MK Alex Kushnir (Yisrael Beitenu), recently approved a mechanism for compensation for the rehabilitation of industrial waste damages caused by Rotem Amfert (of the ICL Group). The committee arrived at the mechanism as part of discussions on the extension of the phosphate mining concession currently granted to the company.

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January 3, 2022

Will NFTs Push Regulators to Regulate the Metaverse?

Currently, most regulators and governments are on the fence with regards to NFTs, waiting to see what other jurisdictions do or how the market develops. In some instances, governments and regulators are trying to address this issue more actively, but with very different outcomes.

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December 30, 2021

Privacy Protection Laws in Israel – Outlook for 2022

The legislation of privacy protection laws in Israel has shifted into high gear and is beginning to close the gap with legislation in Europe. A major step in this direction occurred about a month ago when the Ministerial Committee for Legislation approved a series of legislative amendments designed to adapt the Privacy Protection Law to the consumers, technologies, and trends of 2022.

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December 27, 2021

Lecture: The Practice of Environmental Law

Dr. Zvi Gabbay will lecture today to members of the "Law and Environment" student club at Bar-Ilan University. The lecture will cover the practice of environmental law and include an analysis of precedent-setting judgments on the subject of the environment.

December 12, 2021

Do You Own Crypto? AML Order Also Applies to Digital Currencies

For the first time, companies providing virtual currency services will be required to comply with Israeli anti-money laundering provisions. This follows an amendment to the Prohibition of Money Laundering Order that recently came into effect. The amendment will apply to financial asset service providers obligated to hold a license under the Control of Financial Services Law.

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December 5, 2021

Israeli Ministry of Environmental Protection: ILS 3 Million Sanction on Shufersal

The Israeli Ministry of Environmental Protection announced this week its imposition of a pecuniary sanction totaling about ILS 3 million on the leading supermarket chain Shufersal for violations of the Clean Air Law. (In particular, the company violated provisions mandating the reduction and prevention of air pollution from its vehicles).

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December 1, 2021

ESG – Risks and Legal Responsibility – A Lecture by Dr. Zvi Gabbay

Since the COVID-19 outbreak and the exacerbation of the climate crisis, ESG factors have increasingly influenced the profit line of businesses. The ESG Management Program at the Coller School of Management at Tel Aviv University, which will open in March 2022, will bring the most important aspects of ESG to those whose activities have an impact on the investment chain: executives, directors, investors, analysts, and public sector personnel. As part of the program, Dr. Zvi Gabbay will give a lecture entitled: "Risks and Legal Responsibility - How ESG Becomes a Significant Part of the Duties of an Organization's Officers and What Happens When Neglected."

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