Client Update: Mandatory Tenders Law (amendment no. 25)
Doron Tamir
04/09/2016
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Legal Update: Labor Law, August 2016
Shira Lahat, Neta Goshen Brami & Ophir Dagan
04/09/2016
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Legal Update: Tax - Reverse Vesting and Holdback Arrangements - New ITA Draft Circular (August 2016)
Ofir Levy and Eran Lempert
09/08/2016
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Legal Update: Privacy Shield
Yoheved Novogroder-Shoshan
09/08/2016
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Legal Update: Planning and building regulations (Building Licensing) - 2016
Aner Hefetz & Yael Meretyk Hanan
26/07/2016
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Legal Update: Pension Requirements in Israel
Ben Sandler & Shira Lahat
06/06/2016
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Legal Update - Labor Law
Shira Lahat and Neta Goshen Brami
30/05/2016
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Legal Update - New Double Tax Treaty between Israel and Germany
Ofir Levy and Eran Lempert
30/05/2016
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On May 10, 2016, an Income Tax Order was published in the Official Israeli Gazette effectuating the new tax treaty between Israel and Germany executed in 2014 and entering into effect as of January 1, 2017.
The new tax treaty which replaces the previous one signed between Israel and Germany in the 1960s dramatically reduces tax withholding on passive income and includes provisions regarding exchange of information between the tax authorities of Israel and Germany, overriding the domestic statutes of each regarding bank secrecy.
 
I had the privilege to manage the Israeli tax treaty team negotiating this new treaty with the German Tax Authorities in both rounds of discussions (held in Berlin and Jerusalem)
 
Attached is a client update reviewing the key provisions of the new treaty. 

Legal Update – Joint Investment Trust Regulations (Foreign Fund Unit Offerings) - 2016
Shiri Shaham & Michael Keren
10/05/2016
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Further to our email dated February 18, 2016, we are pleased to update that the Joint Investment Trust Regulations (Foreign Fund Unit Offerings) - 2016 (the "Regulations") were finally published. The published version of the Regulations does not contain any substantial amendments compared to the version that was used for the preparation of the alert (attached herein again for your convenience). The Regulations will enter into force on November 5, 2016.
We note that the Israeli ETF Association of the Chamber of Commerce and the Association of Mutual fund managers, have petitioned to the Israeli Supreme Court against the entering into force of the Regulations, claiming that the Regulations provide foreign funds with built in advantages over local funds thus creating unfair competition. A hearing with respect to the petition is yet to take place.
Adv. Shiri Shaham and Adv. Michael Keren would be more than happy to respond to any questions or related inquiries.

Client update: Memorandum of Law for the Amendment of the VAT Law Taxation of Foreign Companies that Provide Digital Services
Eran Lempert, Ofir Levy and Dana Heller
22/03/2016
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Client update: Current Status of Regulation of Cybersecurity Exports
Eli Greenbaum
13/03/2016
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Legal Update - Labor Law, February 2016
Shira Lahat & Neta Goshen Brami
25/02/2016
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Legal Update: Joint Investment Trust Regulations (Foreign Fund Unit Offerings) - 2016
Shiri Shaham & Michael Keren
18/02/2016
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Legal Update – Amendment to the definition of Classified Investors in the Israel Securities Law
Shiri Shaham & Michael Keren
28/01/2016
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Legal Update on Oil & Gas
Shiri Shaham, Simon Weintraub, Noam Meir & Elichai Bitter
21/01/2016
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Legal Update - Cyber Security Export
Eli Greenbaum
14/01/2016
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Legal Update - Tax on the Value of Options Granted to Employees
Eran Lempert & Ofir Levy
04/01/2016
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Legal Update - Insurance Regulator Position Regarding ISDA
Shiri Shaham
28/12/2015
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Legal Update: Exchange of Information with Foreign Tax Authorities
Ofir Levy & Eran Lempert
23/12/2015
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Legal Update in Labor Law - October 2015
Shira Lahat & Neta Goshen Brami
26/10/2015
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Legal Update: Dramatic Overhaul of Israel’s Office of the Chief Scientist and Substantial Amendment of the R&D Law
Barry Levenfeld, Daniel Green & Miriam Friedmann
11/10/2015
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While the R&D Law has undergone many amendments, none were as drastic as the recent one. Not only will a new National Authority for Technological Innovation be established for purposes of granting benefits to Israeli companies (instead of the OCS), this new Authority will have extensive discretion regarding the establishing of different tracks with different rules for the purposes of granting benefits. Large sections of the R&D Law have been deleted or amended, with crucial matters such as regarding transfer or licensing of know-how abroad to be left for determination by the Authority. As such, there will likely be a period of great uncertainty starting from January. The amendment  will materially impact Israeli companies, as well as foreign companies looking to invest in or acquire Israeli companies or to license technology from Israeli companies, as described in the attached.
 

Legal Update: "The EU-US Safe Harbor arrangement for personal data transfers has been held invalid. What are the consequences for Israeli companies?"
Yoheved Novogroder-Shoshan & Miriam Friedmann
08/10/2015
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Legal Updates in Labor Law - Before the Holidays - 2015
Shira Lahat & Neta Goshen Brami
17/09/2015
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Legal Updates in Labor Law - August 2015
Shira Lahat & Neta Goshen Brami
31/08/2015
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Tax Law Review - August 2015
Ofir Levy
26/08/2015
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Published in the "Taxes" Magazine, August 2015.

Legal Update: Labor Law, June 2015
Shira Lahat & Neta Goshen Brami
01/07/2015
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Presentation: IP Best Practices - Tips for mHealth Companies, Investors and Acquirers
Yoheved Novogroder-Shoshan
30/06/2015
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Legal Update:
Eliran Furman
10/05/2015
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Legal Update in Labor Law - March 2015
Shira Lahat & Neta Goshen Brami
31/03/2015
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Legal Update in Labor Law - February 2015
Shira Lahat, Neta Goshen Brami & Lora Vishnipolsky
26/02/2015
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