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Latest documents

• Legal Guide for Implementing AI Tools in Organizations

  Examining AI tools: Before deciding to purchase and implement AI tools in an organization, one must consider various aspects, including privacy issues, discrimination, copyright protection, and suppliers and contracts. The guide provided in the attached link is a comprehensive and concise tool tailored for legal advisors, CEOs, and other organizational positions. It serves as a summary of the intersections between AI tools and current laws and regulations.

• Bankruptcy, Insolvency & Rehabilitation Proceedings in Israel (UPDATED)

  KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ISRAELI LAW - The Insolvency and Rehabilitation Law-2018 (the "Law") was enacted on 2018 and came into force on September 15, 2019. The Law offers a comprehensive reform and provides Israel with modern insolvency legislation dealing with both corporate and individual insolvency.

• Establishing A Business Entity In Israel (Updated)

  While there are a few different forms of “corporate” entities in Israel, this guide will focus on companies and partnerships as these are the entities that the non-Israeli businessman is most likely to set up or invest in if they are inclined to penetrate the Israeli market directly (rather than by working through an agent, distributor, etc.). The end of the guide will take a very brief look at the other kinds of entities that exist in Israel. Please see full Chapter below for more information.

• Bankruptcy, Insolvency & Rehabilitation Proceedings in Israel (Updated)

  KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER ISRAELI LAW - The Israeli Parliament (Knesset) passed a new statute regarding insolvency law, which is named the Insolvency and Rehabilitation Law- 2018 (the "Law"). The Law was enacted on March 5, 2018 and came into force on September 15, 2019. The Law offers a comprehensive reform and provides Israel with modern insolvency legislation dealing with both corporate and individual insolvency. Please see full Chapter below for more information.

• Establishing A Business Entity In Israel (Updated)

  While there are a few different forms of “corporate” entities in Israel, this guide will focus on companies and partnerships as these are the entities that the non-Israeli businessman is most likely to set up or invest in if they are inclined to penetrate the Israeli market directly (rather than by working through an agent, distributor, etc.). The end of the guide will take a very brief look at the other kinds of entities that exist in Israel... Types of Business Entities - Companies - Israeli companies generally limit the liability of the shareholders for the debts and obligations of the company. The precise form of the limitation of liability is set out in the company’s articles of association. Normally, liability is limited to the subscription price of the shares held by the shareholders. It is possible for an Israeli company to decide not to limit the liability of its shareholders, but this is very rare and will not be considered further. There are private companies, which are companies whose shares cannot be publicly traded and public companies whose shares may be publicly traded on recognized stock exchanges, subject to applicable securities laws. The organs of an Israeli company are the general meeting of its shareholders and the board of directors. The most significant document of corporate governance for Israeli companies is the articles of association. Israeli companies formed after 1999 do not have a memorandum of association. Please see full Chapter below for more information.

• Employers: Coronavirus Restrictions Have Expired

  On June 1, 2021, the regulations that guided the conduct of workplaces during the coronavirus crisis expired. Accordingly, from this day forward, there is no longer a requirement to operate in accordance with the green tag or purple tag directives in the workplace. At this stage, holding gatherings, professional trainings, and group meals at the…

• Rules and Conditions for SPAC Issuances in Israel

  Over the past year, raising capital through SPACs (special purpose acquisition companies) has become a hot trend on Wall Street. A SPAC is a company with no business operations formed solely to raise capital through an IPO for the purpose of acquiring an existing business. While only one SPAC launched an IPO in 2009, a…

• How Much Is Your Invention Worth or How Much Should You Pay to License Inventions?

  Licensing agreements are the cornerstones of technology companies based on intellectual property. A licensing agreement is a legal contract between two parties, known as the licensor and the licensee. The licensor provides the licensee a right to use and a limited license, while the licensee accepts a series of conditions related to use of…

• Five Key Points on Capital Raising for Hedge Funds

  The cornerstone of a successful hedge fund is a successful investment strategy. That is self-evident. However, if the managers of the potential hedge fund are not successful in raising capital, this potential will never be tested or realized. We list below the five key points we believe hedge fund managers should take into account when…

• International Commercial Arbitration Bill

  The commercial business world is a global one, and so are the disputes that arise within it. Such disputes are adjudicated in courts in various countries or in arbitration proceedings, with each procedure regulated under relevant domestic legislation. (For example, the Israeli Arbitration Law regulates Israeli arbitration proceedings.)

Featured documents

• Israeli Regulators to Decide Regulatory Fate of ICOs in December

  On August 30, 2017, the Israeli equivalent of the U.S. Securities and Exchange Commission, the Israeli Security Authority (“ISA”) announced it had formed a committee to study whether, and how, to apply Israeli securities laws to initial coin offerings (“ICOs”). Specifically, the ISA stated it would ...

• Supreme Court: A Service Text Message Is Not a Violation of the Spam Law

  The Supreme Court recently ruled on the issue of whether sending a text message in the course of customer service constitutes a violation of the Spam Law. The Court granted the Bezeq company’s appeal regarding the certification of a class action suit against it and held that the text messages Bezeq ...

• Addressing 'Deep Fake' Scans Is Critical Amid Tech Advances

  Report on Patient Privacy Volume 19, Number 11. November 2019 - “Deep fake” radiology scans - with altered results falsely showing either fake cancerous nodes or a clear scan where the patient actually has cancer - are poised to spread, Israeli researchers warn, and health care entities need to...

• 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....

• Coronavirus in Israel – Getting Your Business Seen as an Essential Service (Update 25.9.20)

  In accordance with the regulation approved today and until October 10th (subject to any extension) only business listed in the essential businesses list are allowed to continue and operate in the place of business. In addition activities essential for the remote operation of the business may be...

• Prepare Your Workplace for Lockdown Number Three (and a Half)

  Israel entered another general lockdown, which began at midnight (January 8, 2021) and will continue until January 21, 2021. For your convenience, we have summarized the main guidelines concerning workplace activity during lockdown. The final and binding version of the regulations regarding...

• Establishing A Business Entity In Israel (Updated)

  While there are a few different forms of “corporate” entities in Israel, this guide will focus on companies and partnerships as these are the entities that the non-Israeli businessman is most likely to set up or invest in if they are inclined to penetrate the Israeli market directly (rather than by ...

• The Difference between a Distributor and an Agent in the Law's Eyes

  Do you sell, market, or distribute someone else’s goods in Israel? Your role, whether as a distributor or as an agent, affects the rights you are entitled to by law. If you act as a commercial agent and not as a distributor, the statutory provisions that protect commercial agents upon severance...

• The Companies Registrar Rears Its Head – Financial Sanctions for Failing to File Reports

  In the past, when companies failed to submit annual reports, the Companies Registrar was satisfied with issuing warning letters. However, recently, we have noticed a change in policy, as the Companies Registrar has increased enforcement efforts, imposing fines amounting to a few thousand shekels on ...

• 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....