vLex Israel

  • Israeli Registrar of Amutot Eases Reporting Obligations for Amutot and Public Benefit Companies (PBCs)

    Following the guidelines that the Israeli Corporations Authority (ICA) has issued on March 2020, inter alia, regarding easements in the annual reporting dates applying on Amutot and PBCs, in light of the coronavirus outbreak in Israel, the ICA has now issued further updated guidelines regarding the annual reporting dates. (See Article)

    May 15, 2020 6:32 AM

  • Assessing Risk and Implementing Workplace Protections

    It is obvious that people are experiencing a lot of anxiety right now. People are anxious to get back to some form of normalcy – whether that means getting back to work, to school, and/or to their social lives – but people also are anxious about how to do these things safely, protecting their health… (See Article)

    May 14, 2020 6:33 AM

  • Israel: Aid Measures for Third-Sector Organizations and Civil Society

    As part of its effort to deal with the coronavirus crisis, the Social Services Division of the Accountant General’s Department at the Israeli Ministry of Finance recently released an aid package for the benefit of third-sector organizations (Amutot and public benefit companies) and civil society. The following are the highlights of the published steps... (See Article)

    May 13, 2020 6:32 AM

  • Israel: Fast-Tracked Grant Channel for Companies in Crisis

    Following a previous Israel Innovation Authority call for bids for companies developing technologies to help deal with the coronavirus crisis, the IIA has opened a channel to support companies facing financial hardships due to the virus. (See Article)

    May 8, 2020 6:32 AM

  • Managing Labor Relations in Accordance with the New Israeli Guidelines

    On April 19 new guidelines were introduced allowing a gradual return to the workplace. Here are the key guidelines. How many employees are allowed to physically come to the workplace? According to the guidelines, it is permitted to employ in a workplace whose opening has not been banned 10 employees or up to 30%… (See Article)

    May 5, 2020 6:31 PM

  • Startup Funding in the Coronavirus Era

    Get up in the morning, go to work, sit in meetings, pick up the kids from school, go to the grocery store, work out at the gym, or just meet up with friends and family. It’s hard to believe that until a few weeks ago this described a normal day for most people. It’s clear… (See Article)

    May 5, 2020 6:32 AM

  • Israel: Extending Validity of Regulatory Approvals in Light of the Coronavirus Crisis

    On March 25, 2020, emergency regulations were adopted in Israel that include, among other things, an extension of the validity of regulatory approvals that expire in the near future.   The purpose of the extension is to ensure the continued functioning of business entities, which without the extension, would have remained without a valid license,… (See Article)

    Apr 10, 2020 6:32 AM

  • Pregnant Women May Now Be Put on Unpaid Leave without Labor Ministry Approval

    In light of the COVID-19 crisis, many employers, including many of our clients, have been forced to send their employees to unpaid leave. However, in the case of pregnant women, women and men undergoing infertility treatment, and women returning to work after maternity leave, employers are required to apply to the Supervisor under the Women… (See Article)

    Apr 9, 2020 8:32 AM

  • ISA and TASE Publish Reliefs for Public Companies and Reporting Corporations

    In light of the global coronavirus crisis, the Israel Securities Authority (ISA) has published several steps toward easing the burden on public companies and reporting corporations whose securities are traded on the Tel Aviv Stock Exchange. (See Article)

    Apr 9, 2020 6:32 AM

  • Israel Innovation Authority Updates for Companies and New Benefit Tracks

    Due to the coronavirus pandemic, the Israel Innovation Authority, has issued a major easement for the companies it supports, in the manner in which payroll expenses for companies in the midst of carrying out approved plans will be recognized. (See Article)

    Apr 8, 2020 6:33 AM

  • ISA Publishes Temporary Order on Clarification of Clients’ Needs

    In response to the Corona pandemic, the ISA published on March 30, 2020, a temporary order for license holders in connection with the clarification of clients’ needs. The temporary order is valid until June 30, 2020. (See Article)

    Apr 7, 2020 8:32 AM

  • Contractual Obligations during the Coronavirus Outbreak

    The coronavirus outbreak has stricken us all by its brutal implications on our daily lives. Alongside the invasion of personal space, the virus’ effects have not spared the business arena, and the ability of both businesses and individuals to meet their contractual obligations is also in question. (See Article)

    Apr 7, 2020 6:32 AM

  • Protecting Privacy despite the Coronavirus

    The global effort to fight the spread of coronavirus has prompted new privacy related questions around the world. Much has been written for and against the use of privacy-compromising measures to protect public health. Therefore, we have chosen to concentrate on the practical implications of privacy principles on companies and businesses. (See Article)

    Mar 31, 2020 6:33 AM

  • Israel: Engaging Employees on Overtime at an Unusual Scope

    The Ministry of Health’s recent guidelines have created, inter alia, uncertainty and instability in the labor market. Organizations are dealing with a shortage of manpower, either because of the quarantine obligation or in light of new guidelines limiting the number of employees in workplaces. (See Article)

    Mar 24, 2020 1:33 PM

  • Taking Testimony in Israel for Criminal Trials in the United States

    Recently, United States federal courts have been more frequently approving the extra-territorial collection of testimony for use in criminal trials to be held in the United States. While the collection of such testimony for civil proceedings held in US courts is already commonplace, until now it has been a very rare occurrence in criminal proceedings. (See Article)

    Mar 24, 2020 7:32 AM

  • Israel’s Privacy Protections and Data Security for Telecommuting due to Coronavirus Spread

    In light of the coronavirus pandemic and the constantly developing guidelines from the Ministry of Health, many companies are moving to telecommuting and working from home. This is a solution that supports business continuity even at this time of uncertainty. However, alongside the clear advantages, this form of employment also poses risks in terms of… (See Article)

    Mar 17, 2020 7:33 AM

  • Israel: Imposing Unpaid Leave on Employees Due to the Spread of Coronavirus

    Because of the coronavirus, many employers have been forced to consider minimizing expenses. The following alternatives are being explored: reducing the scope of employment, lowering salaries, utilizing any available leave days, imposing unpaid leave on employees, reducing manpower, and conducting layoffs. (See Article)

    Mar 13, 2020 7:32 AM

  • Protect Your Business by Learning How to Handle Data

    We are living in the age of data and big data, where everyone wants to collect as much information as possible. The ability to analyze and monetize such information is a key strategy and selling point for many businesses. However, this desire often collides with individuals’ right to privacy and the tremendous effects data leaks may have on them. As a reaction to the use, misuse, and monetization of personal information, there is growing awareness of the individuals of their rights and growing motivation of regulators to provide individuals with tools to enforce their rights and deal with infringements. The increase in privacy regulation around the globe, combined with the central ro (See Article)

    Mar 12, 2020 7:32 AM

  • Hedged Mutual Funds

    As part of the Israel Securities Authority’s (ISA) move to make investing in hedge funds more accessible to the public and to develop mechanisms for their oversight, the ISA published in February 2020 a document for public comment. It details the core characteristics of two new financial products – an alternative mutual fund of the hedge fund type and hedged mutual fund of funds. (See Article)

    Mar 6, 2020 7:32 AM

  • News from Abroad: Israel PTO Proposes to Stop Rejecting Divisional Applications for "Overlap" with Parent Cases

    Many patent practitioners will never have need to file a patent application in Israel, a country of nine million people that's geographically smaller than New Jersey.  But if you're one of those practitioners who does file in Israel from time to time -- and I suspect that readers of Patent Docs file in Israel at a higher rate than the general practitioner population -- you'll be pleased to know that the Israel PTO (ILPTO) recently proposed a change in patent examination practice that portends relief for beleaguered applicants:  the ILPTO plans to tighten the criteria for rejecting claims of an applicant's application for "overlap" with the claims of another of the applicant's applications (or granted patents).  The upshot will be that the ILPTO will no longer make such rejections in the case of divisional applications on the basis of the claims of an ancestor application. (See Article)

    Jan 29, 2020 9:45 AM

  • Investment Management 2.0 – Internet Platform for Investment Management

    Last week the Israel Securities Authority published a directive on “Investment Management 2.0”.    Investment Management 2.0 is effectively a service model for internet investment management operated through investment in mutual funds. Through this service, companies that hold an investment management license and that market investments may offer their clients investment management and marketing services… (See Article)

    Jan 21, 2020 7:32 AM

  • Good Night 2019!

    It has certainly been an interesting 2019 in the Israeli Hi-Tech space, here is a rundown of 10 highlights, in case you missed them... (See Article)

    Jan 5, 2020 12:46 AM

  • New Standards in Cyber Protection for Companies in the Government, Infrastructure, and Finance Sectors

    The Governmental Cyber Security Unit has published a new directive according to which material service providers to government, infrastructure, and finance bodies will be required to adopt a common and unified standard for cyber protection, with the goal of improving the security of the State’s essential IT and infrastructure systems. This directive expands the existing instructions of various regulators, such as the Supervisor of Bank and the Supervisor of Capital Market, Insurance and Savings, regarding the cyber security requirements for the supervised entities’ entry into contractual agreements with third party service providers. (See Article)

    Jan 3, 2020 9:32 AM

  • Amending Protocol to Israel-UK Tax Treaty to Take Effect in Early January 2020

    An amending protocol to the 1962 Israel-UK tax treaty is effective as of January 1, 2020. The protocol includes a long list of significant and fundamental amendments and updates to the treaty, among them... (See Article)

    Jan 3, 2020 7:32 AM

  • Is It Necessary to Send a Demand Letter a Defendant Prior to Filing a Class Action Suit?

    It is not every day a judgment on class action suits is handed down by an extended panel of Supreme Court justices. And yet, in December 2019, an expanded panel of seven Supreme Court justices, headed by the Honorable chief justice Esther Hayut, published a precedential and important decision considering the issue of whether a party seeking to file a class action suit against a government agency must send a demand letter to the agency in advance of filing. The answer to this question carries much weight in all aspects of the conditions for filing class action suits against private businesses as well, such as class action suits in consumer matters, causes of action flowing from possession of securities, and a variety of other issues. (See Article)

    Jan 1, 2020 9:32 AM

  • Israel-Australia Double Taxation Treaty Enters into Force on January 1, 2020

    Further to our April 2019 update on the signing of a double taxation treaty between Israel and Australia, the Minister of Finance signed in December 2019 the order bringing the treaty into effect on January 1, 2020. (See Article)

    Jan 1, 2020 7:32 AM

  • Latest Developments in the Israeli Payments Market

    The Bank of Israel recently led several important developments in the Israeli payments market. These developments are designed to encourage competition in the payment services market and to advance the implementation of innovative technologies. (See Article)

    Dec 24, 2019 7:32 AM

  • IPO – What’s Important to Know

    A private company considering an initial public offering (IPO), and thus in effect becoming public, should know it is a complex and long process, and one that may pose many challenges. (See Article)

    Dec 18, 2019 7:32 AM

  • Modifications to an Apartment at the Purchaser's Request Do Not Constitute Just Cause for Late Delivery of Possession

    A recent judgment by the Hadera Magistrate’s Court upends the common view currently reflected in agreements for the purchase of an apartment from a developer. The ruling holds that modifications to an apartment made at a purchaser’s request do not constitute just cause for late delivery and that the purchaser must be compensated for any delay. (See Article)

    Dec 11, 2019 7:32 AM

  • What You Should Know before Launching a Website or App

    When a company is looking to start operating online via a website or an app, it must ensure its relationship with its users is defined not only from a marketing point of view but also from a legal perspective. (See Article)

    Dec 5, 2019 7:32 AM