Search News and Articles
Legal Developments Worldwide
- United Arab Emirates
- Czech Republic
- Hong Kong
- Cayman Islands
- South Africa
- South Korea
- Saudi Arabia
- British Virgin Islands
Articles contributed by Herzog Fox & Neeman
On November 5, 2012 the Israeli Parliament (Knesset) adopted a proposal of the Israeli Ministry of Finance and passed legislation providing for a temporary tax relief with respect to the recapture tax applicable to certain Israeli companies holding undistributed earnings that were previously exempt from Israeli corporate income tax under tax incentive programs.
This note provides a brief description of the background for this new provision and summarizes its main aspects.
Environmental policy and regulation in Israel have developed significantly over the course of the past several years. After decades of what may be considered as regulatory standstill, Israeli environmental regulation has taken a tremendous leap forward. Numerous environmental matters, some of which were not previously regulated and others which were subject to outdated standards, have been revised and updated through new comprehensive statutes, innovative regulations and professional guidelines.
Welcome to the 4th edition of Unfolding, which looks at some important developments in Israel in recent months. Much has happened in Israel since the last edition of Unfolding. The Israeli economy may be small in scale, but never in the level of its business activity.
Following on from the Government's decision to adopt the recommendations of the Committee for Increasing Competition in the Marketplace, the Government published last week a Memorandum on the Law for Promotion of Competition and Reduction in Concentration, 5772-2012. The Memorandum aims at providing a statutory framework for implementing the recommendations of the Committee.
On February 27, 2012, the Agency Contract Law (Commercial Agent and Supplier), 5772-2012 (hereinafter: the “Law”) was published. The Law shall enter into force 60 days from the date of publication.
Israel’s National Labour Court recently issued a significant and groundbreaking ruling regarding employers’ monitoring of employees’ emails in the workplace. This ruling is applicable and important for all businesses with employees in Israel. HFN’s Labour and Employment Law department, led by Orly Gerbi, summarised the issue as follows:
Recent announcements regarding the discovery of commercially viable quantities of natural gas in Israel's territorial waters or economic zone in the Eastern Mediterranean Basin have led to significant activities in the Israeli market and considerable interest in oil and gas assets from abroad.
The Israel Internet Association (ISOC-IL) has announced that, as of August 30, 2010, it is now offering an option to register Top Level Domain Names in Hebrew characters.