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- Retail and Tech in a Post-COVID World
2020 marked a monumental shift in consumer behavior, with the retail industry particularly affected by the global spread of COVID-19. Between nationwide quarantines and the looming threat of disease, retailers had to adapt quickly to survive the forced seclusion and distancing. While some have been building their e-commerce brands and marketplaces for years, others were…
- Can employers prevent unvaccinated employees from coming to work?
The Regional Labor Court in Tel Aviv decided that education system employees may be denied entry to school if they do not present a certificate of vaccination against the coronavirus or, alternatively, a negative coronavirus test. The court ruled that the potential harm to populations with whom employees come into contact during work hours (namely…
- Technology IPOs – A Meeting of Cultures at the Tel Aviv Stock Exchange
Israeli tech companies have recently joined the wave of initial public offerings on the Tel Aviv Stock Exchange. This is not the first time tech companies have gone public on the TASE and it will take some time to see if this is a real trend or a temporary phenomenon motivated by the tide of…
- Israeli Tax Authority Imposes ‘Capital Declaration’ Reporting Requirement On Trusts
For the first time since Israel began taxing trusts, the Israeli Tax Authority (ITA) has sent inquiries to some trusts seeking a declaration of worldwide assets and liabilities as of December 31, 2019. We have heard that this declaration may be required of all trusts in the future; however, this has not been officially announced...
- Israel Becomes Third Signatory To 2019 HCCH Convention On The Recognition And Enforcement Of Foreign Judgments In Civil Or Commercial Matters
On March 3, 2021, Israel signed the HCCH Convention of 2 July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters (“2019 Convention”). Israel became the third State to sign the Convention, joining Uruguay and Ukraine...
- Precedent-Setting Ruling Awards Actual Litigation Costs
An Israeli court recently handed down a precedent-setting ruling in a case we litigated and won. This ruling marks a game changer in terms of the costs awarded in proceedings in Israel. In its ruling, the court granted our client an award of actual costs (i.e., the actual sums the client expended to litigate the…
- Employers: Everything You Need to Know about Vaccinations (Update)
The past year has been nothing less than a roller coaster for business owners in Israel – both for their business activity and as employers. Now…
- Proper Articles of Association – Now More Than Ever
The coronavirus crisis, which hit both the Israeli market and markets globally, has been unsettling. It undermined existing collaborations and encouraged the creation of new ones. It weakened the inertia that drove many businesses and employees, and forced numerous entities to reinvent themselves, to initiate and to dare.
- Israeli Justice Ministry Lays Out Key Questions On Regulation Of Autonomous Vehicles
Israel's Ministry of Justice has issued a call for public comments regarding the regulation of autonomous vehicles, with a focus on the tort and insurance aspects. Key Points- Background- •The mobility market is undergoing a revolution, from "mobility as a product" to "mobility as a service," whereby the mobility market is the sum of all tools that transport (passengers or cargo) from point A to point B as efficiently as possible. In this market there will be a separation between the owner of a vehicle and the users of a vehicle...
- SPAC: A Dream Worth Half a Billion Shekels
In recent months, the IPO market has reached a boil. It seems anyone with any kind of business is dreaming about joining the Israeli stock market. Lets look at the figures. From 2008 (the outbreak of the subprime crisis) through 2019, 76 new companies entered the Israeli stock market through an IPO process (an average…
- Israeli Tax Authority Extends Deadline to Register Family Trusts and Elect Tax Regime
On June 29, 2015, the Israeli Tax Authority extended the deadline for registration of Family Trusts (sometimes referred to as Relatives Trusts), which are trusts created by a non-Israeli grantor for the benefit of one or more Israeli resident beneficiaries, from June 30, 2015, to December 31, 2015....
- News Round Up - December 2017
The Short Field Guide to IPOs - For many years, most successful companies followed a relatively predictable capital-raising path. A lot has changed. The companies that tend to pursue IPOs in recent years are more mature, better capitalized, and often seek to pursue IPOs for different...
- E-2 Visas Now Available for Israeli Nationals
After a long wait, the U.S. Department of State has announced that a treaty investor agreement has finally been executed between Israel and the United States. Effective today, May 1, 2019, Israeli citizens may now apply for the E-2 visa classification at the U.S. Embassy in Tel Aviv....
- 2019 Opportunities in the Israeli Market
For over twenty years, and despite the many internal and external challenges unique to Israel, Israel’s economy has demonstrated continued strength, growth and stability. In 2019, Israel remains “the Start-Up Nation” and a leader of technological innovation. Thanks to its strong currency, active...
- The Gap between Increasing the Agricultural Value Chain and Regulation
There is no dispute as to the national importance of agriculture. Over many decades, agriculture has been synonymous with “settlement,” “pioneering,” and “Zionism.” Jewish immigrants arrived from all corners of the diaspora, settled, worked the land, and made the wilderness flower. Indeed,...
- 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......
- 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…...
- Dividend Distribution in Times of Covid-19 - Barnea
The recent distribution of dividends by the TASE traded Fox-Wizel Ltd., while in receipt of emergency funding from the Israeli government, did not only raise a moral question, but also directed the spotlight on the complexity facing many companies during these times. A key question facing companies ...
- Japan, the Land of the Rising Sun, and Interest in Israeli Hi-Tech Companies
2014 was a good year for the Israeli-Japanese economic relationship. Viber’s USD 900 million acquisition by Japanese giant Rakuten and the R&D cooperation agreement between Japan and Israel marked the beginning of growing interest and a successful relationship between the two distinct countries....
- Payments to Employees Absent from Work Due to Mandatory Quarantine
Under a statutory amendment to the Economic Assistance Program Law (Novel Coronavirus) (Temporary Order), an employee must be paid salary during absences from work due to mandatory quarantine. The employer and the State will split the cost of such salary....