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The Knesset recently approved Amendment No. 5 to the Regulation of Nonbank Loans Law, which is now called the Fair Lending Law.

Last week, the Central District Court issued a Civil Appeal rejecting a Veteran Returning Resident's argument regarding the allocation of Israeli and foreign source income deriving from his compensation by a foreign company.

The Israel Securities Authority has issued two critical staff positions that clarify when businesses collecting customer payments must obtain payment service licenses. These rulings examine whether companies act as independent commercial parties or mere payment intermediaries, with implications that extend beyond simple fund-holding duration to the fundamental structure of business relationships and contractual obligations.

In this latest scam, an email claiming to come for the IRS requests personal and financial information for tax exemption purposes.

The ITA's position is not obvious and presents legal difficulties.

The Israeli banking sector has been very cautious in its approach towards virtual currencies. In light of the Bank of Israel's reluctance to issue meaningful guidelines,...

Conditions for providing financial services including loans and currency exchange.

On October 3, 2018 new regulations were published, setting forth various exemptions from the licensing requirement for extension of credit.

Recently, the Knesset approved an amendment to the Supervision of Financial Services Law, which regulates the activities of online lending platforms that broker between people and...

Therefore, the law has a significant impact on these entities and on the field of payment services.

Tax exemption for provident funds invested in high technology fund.

The stake of foreign investment in Israeli high-tech reached 77% of total capital raised in 2018, and 30 new venture funds were born in 2018

The black economy in Israel leads to a loss of tax revenues estimated at billions of shekels annually.

The Israel Innovation Authority (the "IIA") continues to respond to the unique situation presented by the worldwide COVID-19 pandemic.

Welcome to the fourth installment in our series of articles providing an overview of the various aspects relating to the venture lending industry in Israel, including some of the legal, commercial and regulatory factors that should be taken into consideration by anyone looking to enter into this realm.

The Israel Securities Authority has issued a staff position clarifying when hybrid bank deposits with performance-linked returns should be classified as securities. This analysis examines the key characteristics that determined whether a deposit offering guaranteed principal plus variable returns tied to lending activity falls within securities regulation or remains a traditional banking product.

On 18 March 2018 Parliament enacted the Law for the Reduction of Cash Use (5778/2018), which came into force on 1 January 2019.