JD Supra (JD Supra Israel)

187 results for JD Supra (JD Supra Israel)

  • 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...

  • 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…

  • 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...

  • 2021 Venture Capital Guide - Israel

    World Law Group member firms recently collaborated on a Global Venture Capital Guide that covers more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on Venture Capital deals (and more!).

  • Israel: Workplace Sexual Harassment - Disclosure of Materials

    A new court ruling may require employers to disclose materials collected during investigations into incidents of sexual harassment.   According the Prevention of Sexual Harassment Law, when an employee files a workplace sexual harassment complaint (or if the employer becomes aware of information regarding such potential conduct), the employer must investigate the complaint. At the…

  • Employers: Everything You Need to Know about Vaccinations

    This past year has been nothing short of a rollercoaster ride for employers in Israel, in terms of both their business activities and their role as employers. Now, when we can perhaps see a glimmer of light at the end of the tunnel in the form of Israel’s vaccination campaign, quite a few questions arise.

  • Israel Securities Authority: Tokens may be classified as securities

    The Israel Securities Authority recently established guidelines on when a cryptographic currency (token) is considered a security. The ISA determined that Kirobo tokens meet the definition of a security. This is primarily because the The Israel Securities believes investors would intend to purchase the tokens for financial purposes. In addition, these investors would anticipate their…

  • New Supreme Court Ruling Considers Municipal Property Taxes for Common Areas in Malls and Shopping Centers

    The Tel Aviv Municipality sent the Ramat Aviv Mall a municipal property tax bill for its common areas. The mall’s management argued that shop tenants must pay municipal property tax payments for these areas, under their lease agreements with the mall. Conversely, the municipality’s property tax administrator argued that shop tenants must pay only for rented…

  • Collecting Employee Information? It's Time to Wake Up

    Employers collect data about their employees. It starts with employees’ salary data, resumes, and work hours. It continues with fingerprints and images from security cameras, followed by employee meals and business trip information. Employers also collect medical information, personal messages on company phones, and location data of the company car for private trips. It goes…

  • Israel Competition Authority Increases Enforcement against Exclusivity Arrangements

    On December 30, 2020, the Israel Competition Authority (ICA) notified SOS, a company in the field of fueling services, it was imposing a financial sanction of NIS 6.3 million on the company. In addition, it imposed a financial sanction of NIS 350,000 on an executive officer in the company.

  • 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 workplace activity during lockdown have yet to be published. Therefore, the following guidelines…

  • Relief from Insurance Requirements for Portfolio Managers and Investment Advisors

    The Israel Securities Authority (ISA) has announced that, temporarily, it will not initiate or recommend taking enforcement measures against corporations licensed in portfolio management, investment advising, and investment marketing that have not fulfilled professional liability insurance requirements.

  • Epidemiological Investigations and Privacy Protection | Barnea

    Israel’s Privacy Protection Authority published its guidelines and emphases for protecting the privacy of individuals when conducting COVID-19 epidemiological investigations in workplaces. In light of the complexity of the issues relating to protection of employees’ privacy, specific guidelines for conducting epidemiological investigations in workplaces were defined...

  • Update on Service Users’ Obligation to Hold Hearings for Service Providers’ Employees

    Last July, the National Labor Court issued an important ruling on a service user’s obligation to take part in the termination and hearing process for contract workers employed on site.   According to that ruling, the extent of the service user’s participation in the hearing depends on the circumstances. Accordingly, in our previous update, we…

  • Contracts in Israel: Doing Business in Israel

    Law has a major role in Israeli business. Israelis feel their freedom to act is determined by what is allowed under law, and this includes what has been agreed to in a binding agreement. Therefore, legal contracts form the basis of the Israeli business environment. The existence or absence of a binding agreement is the…

  • An Act of Deterrence against a Polluting Plant - Gadiv

    The Ministry of Environmental Protection imposed a financial sanction of NIS 634,000 on Gadiv Petrochemical Industries of the Bazan Group, following the company’s violation of the terms of an emission permit.

  • New Rules on Consumer Credit Marketing and Management

    The Bank of Israel recently published a draft directive on proper banking management. It details various provisions in favor of changing the conduct patterns of consumer credit providers toward their clients, both from the perspective of credit marketing and the prevention of problematic practices in this context, and from the perspective of proper credit and…

  • Israel's Abraham Accords: Unlocking New Business Opportunities

    What does "normal" mean in a year like 2020? For the state of Israel, surprisingly even by COVID-19 standards, it means the establishment of formal political, diplomatic and economic ties, through the signing of the Abraham Accords Peace Agreement, with the Kingdom of Bahrain (Bahrain) and the United Arab Emirates (UAE), with other countries in…

  • Amendment to Consumer Protection Law Restricts Telemarketing Calls

    Israel’s Knesset recently passed an amendment to the Consumer Protection Law. The amendment aims to prevent aggressive telemarketing, particularly for vulnerable groups such as senior citizens and new immigrants.

  • Things to Consider before Purchasing Rights in Agricultural Land

    Opportunities to purchase rights in agricultural land that may be rezoned to residential are often presented to the public. Indeed, the purchase of such agricultural land may prove to be of great potential. However, there are several important points to keep in mind before purchasing agricultural land. This is so as not to discover you…

  • 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.

  • Regulation of Broker-Dealer Activity

    Earlier this month, the Israel Securities Authority published a legislative memorandum aimed at regulating the broker dealer field in Israel. While the activity of most financial intermediaries is regulated and supervised (e.g., portfolio managers, investment advisors, underwriters, and distributors), the activity of brokerages and dealers is not supervised or subject to specific regulation.

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