Fox Rothschild LLP (JD Supra Israel)
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...
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...