The Legal 500

Legal Developments in Israel

• Changes in California’s Privacy Law Have Worldwide Impact

  If you are the operator of a commercial internet website, an online service or a mobile application (app) ("Operator") and you collect personally identifiable information (PII)  1 about consumer residing in California, you need to update your privacy policy following the enactment of a new California law in order to avoid potentially significant penalties.
  - Meitar Liquornik Geva Leshem Tal Law Offices

• Companies Law (Amendment No. 23), 2013

  On December 23, 2013, the Israeli Knesset approved Amendment No. 23 to the Israeli Companies Law, 1999 (the " Amendment ", and the " Companies Law ", respectively). The Amendment is primarily concerning the establishment and governance of "Charitable Company Fund" (the " Fund "), which are companies established in order to finance and fund non-profit entities. Below is an overview of the main provisions of the Amendment:
  - Meitar Liquornik Geva Leshem Tal Law Offices

• Critical Information for New Immigrants and Returning Residents Regarding Tax Benefits

  A New Governmental Proposal to Significantly Narrow the Tax Benefits for New Immigrants and Returning Residents in Israel
  - Herzog Fox & Neeman

• New Temporary Tax Relief for "Trapped Earnings"

  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.
  - Herzog Fox & Neeman

• The Coming of Age of Environmental Regulation in Israel – Recent Aligning with Stringent EU Standa

  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 Numerous environmental matters, some of which were not previously regulated and others which were subject to outdated standards, have been revised and updated through new comprehensive statutes, innovative regulations and professional guidelines.
  - Herzog Fox & Neeman

• Israeli Market Developments

  Welcome to the 4 th 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.
  - Herzog Fox & Neeman

• Memorandum on the Law for Promotion of Competition and Reduction in Concentration

  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.
  - Herzog Fox & Neeman

• Israeli Law Update February 2012

  Corporate and Securities Law
  - Gross, Kleinhendler, Hodak, Halevy, Greenberg &

• Agency Contract Law (Commercial Agent and Supplier), 5772-2012

  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.
  - Herzog Fox & Neeman

• Why is it important to adopt Anti-Bribery Procedures? - by Adv. Gil Remeny

  Is your business involved in international trade? If the answer to this question is a resounding “YES”, then it might well be time for your business to prepare and adopt a code of conduct that includes procedures to detect and prevent bribery of foreign government officials. The day is coming when not having such a code will be a bar to entering many different lucrative markets and will place you and your business in danger of breaking the law.
  - GSCB Glusman Shem-Tov Chowers Broid