Law Firm ILN-telligence Podcast | Episode 34: Gil Rosen | Joseph Shem Tov & Co. | Israel
The Tel Aviv District Court handed down an important ruling recently regulating the activities of entities distributing alternative investments in Israel. In many instances, the distribution activities are accompanied by...more
In Notice 2024-72, the IRS provided relief for individuals and businesses affected by terrorism in the State of Israel beginning on September 30, 2024. The new notice provides additional relief to taxpayers in Israel, as well...more
Over the past year, alongside handling the economic repercussions of the war and issuing financial assistance to war victims and to evacuees, the courts, the legislative authority and the Israel Tax Authority continued their...more
The Digital Operational Resilience Act (DORA) is an EU regulatory framework, aimed at enhancing the financial sector’s ability to withstand and recover from ICT (information and communication technology) disruptions....more
With the whole world watching events in Lebanon to see if Israel next launches a threatened ground invasion into that country, following its recent “culling” of the entire Hezbollah high command, another area that bears...more
The Israel Securities Authority recently published a draft of a new directive for payment companies and holders of basic initiation licenses or approvals regarding reporting to the Authority. According to the Draft, payment...more
The Israel Securities Authority has published several additional revisions to the Israeli money market reform since the Knesset approved legislative amendments designed to promote competition in the money market, and since...more
The Israeli Privacy Protection Authority recently published a binding directive addressing the board of director’s responsibilities for the fulfillment of a company’s obligations prescribed in the Privacy Protection...more
Most of the focus over the past year has been on the events of October 7 and the ensuing war. Not only the citizens, but also the legislative and regulatory authorities in Israel have been devoting most of their time to deal...more
Recently, the Consumer Protection and Fair-Trade Authority issued a position paper regarding the disclosure obligations businesses must meet when making changes to product characteristics or components. According to the...more
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...more
Israel (like other countries) provides support to NGOs in the form of tax benefits granted subject to the fulfillment of defined criteria and conditions. The purpose of these benefits is to support the social and public...more
A recent amendment to Israel’s sexual harassment law expands the obligations of an employer under the law to cover employees of contractors providing services to the employer....more
On July 24, Gov. Mike DeWine signed into law the Campus Accountability and Modernization to Protect University Students (CAMPUS) Act, which requires public and private higher education institutions to adopt and enforce...more
The decision by a U.S. court to continue deliberating the major lawsuit filed by several visual artists against Generative Artificial Intelligence platforms could call into question how these platforms can operate without...more
The emerging risks in the financial services market and the inception of the Regulation of Payment Services and Payment Initiation Law prompted the Capital Market, Insurance and Savings Authority (CMISA) to amend a series of...more
A strange confluence of geopolitical events, labor unrest, softening consumer demand, and supply-chain logistical issues could leave lumps of coal in the stockings of lenders this holiday season. The story begins in the Red...more
New immigrants to Israel who purchase a first residence will pay significantly lower purchase tax rates than the tax payable according to the current benefit, after the Knesset Finance Committee recently approved an amendment...more
The Knesset recently promulgated an amendment to the Prevention of Sexual Harassment Law. This is an important legislative amendment protecting a large group of employees who are largely at the bottom of the organizational...more
In merger and acquisition (M&A) transactions, the earn-out mechanism serves as a strategic tool for conditional payment based on the prospective performance of the acquired entity. This mechanism is particularly prevalent in...more
Navigating K-Street for the C-Suite- “A President Harris’ policies would likely be similar to those of President Biden, with some notable exceptions. But her differing governing priorities and style are what would set her...more
The Knesset Constitution, Law, and Justice Committee has approved an amendment to the Israeli Privacy Protection Law (PPL). The amendment proposes extensive changes to the PPL, including granting additional enforcement powers...more
In recent years, a new field called “prop trading” has emerged. It enables traders to trade financial products such as stocks, commodity bonds, cryptocurrencies, CFDs, and forex products without using their own money, but...more
Two of the tools investors can use to minimize the risks they take and preserve their holding percentage in a company are the anti-dilution protection and pre-emptive rights. These very important rights are customarily...more
The Israeli Privacy Protection Authority (“PPA”) recently published a draft opinion, which is open for public comments, addressing transfers of personal data from Israel to other countries. In this opinion, the PPA seeks to...more