Sheppard Mullin Richter & Hampton LLP (JD Supra Israel)

Israel’s Privacy Protection Authority recently announced that Privacy Shield can no longer be relied on for data transfers between Israel and the United States. Israel did not have a direct Privacy Shield arrangement with the U.S., instead permitting the many Israeli companies that exchange data with their American counterparts to rely on a provision of its Privacy Protection Regulations that...

Israel’s investment industry has been reported as growing, and not surprisingly it has received interest from the Israeli Securities Authority. Late last year the ISA surveyed several funds and found that they were not following the requirements of Israel’s privacy laws...