New draft bill to implement Pillar Two rules in Israel
The Israeli Ministry of Finance published on October 5, 2025, a draft bill to implement the principles of the OECD’s Pillar Two. The Israeli Government is accepting public comments on this draft bill until October 26, 2025. The Pillar Two rules, which were adopted by the OECD as part of the BEPS project, are intended […]
Herzog Authors Israel Merger Control Chapter for Legal 500 Guide
Herzog is pleased to announce that our competition & antitrust team has authored the Israel: Merger Control chapter in the latest Legal 500 Comparative Guide: a collection of overviews of the state of affairs in various practice areas across global regions. The chapter offers a comprehensive overview of the Israeli merger control regime — exploring […]
Herzog Patents in collaboration with CDS-LUTHI: A Strategic Partnership for Innovation
We are very pleased and proud to announce that as of today, the CDS-LUTHI Group is joining with Herzog to form a new brand – Herzog Patents. The two arms of the CDS-LUTHI Group will continue to operate as collaborative, independent legal entities, while taking over all of Herzog’s patent attorney work and patent litigation. […]
New Voluntary Disclosure Procedure in Israel
On August 25, 2025, the Israeli Tax Authority published a new “Voluntary Disclosure Procedure” effective until August 31, 2026 (hereinafter: “the Procedure”). The Procedure allows taxpayers to report to the Tax Authority income that was not timely and duly reported, without facing criminal proceedings. The Procedure applies to both income taxes, indirect taxes, excise duties, […]
Customs and Transfer Pricing: How President Trump’s Tariff Policy Will Affect Israeli Multinationals
You are invited to join a unique webinar hosted by HERZOG in collaboration with Sullivan & Worcester, focusing on the impact of the U.S. tariff policy on Israeli corporations operating in the U.S. The session will delve into the practical and legal aspects of customs and transfer pricing, analyze the implications of the new tariff […]
Did You Know? The Upcoming Holiday Season – Time to Plan Ahead
As we approach the holiday season in Israel, we are pleased to present our Third Quarterly Update for 2025. This update offers practical, high-level guidance to help you navigate the festive period from an employment law perspective. Entitlement to Public Holidays in Israel: Israel officially recognizes nine public holidays, most of which are religious in […]
White Paper: Choosing Between a Delaware Public Benefit Corporation and a Traditional C-Corporation Structure for Generative AI Start-Ups
Introduction Selecting the corporate form is one of the most consequential early decisions a start-up’s founder will make. Entity choice reverberates through every subsequent financing, product launch, and exit event. Following an inspiring discussion with Itay Yona and Shay Yahal of the new venture – Mentaleap – in which we were inspired to learn about […]
Herzog Represents Israel in Chambers High Net Worth 2025 Guide
We are pleased to announce that Herzog’s leading Private Clients, Trusts and Estates team has contributed the Israel chapter to the Chambers High Net Worth 2025 Guide on Private Wealth. The article, authored by Meir Linzen, Head of Tax, Guy Katz and Sophie Matatyaho, offers practical insights into the legal and tax considerations impacting high […]
New VAT Judgment: Bank’s Insurance Agency Can be Classified as a “Financial Institution”
On August 7, 2025, the Jerusalem District Court (Hon. Judge Avigdor Dorot) issued a judgment on an appeal filed by Ir Shalem, the insurance agency of the Bank of Jerusalem, against the refusal of the VAT Authority to change its VAT classification from “Registered Dealer” to “Financial Institution”, consistent with the Bank’s classification. The court […]
Israel’s AI-Cyber Frontier Report
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Israel’s AI-Cyber Frontier Report
In recent years, artificial intelligence has fundamentally transformed the world of cybersecurity — reshaping both threats and defense capabilities. A new report we published in collaboration with Deloitte Catalyst, Glilot Capital Partners, and AI21 Labs maps for the first time the emerging AI Cyber landscape in Israel. The report examines the driving forces behind the […]
U.S. Customs Tariffs
We would like to update you on the new Executive Orders signed by the President of the United States, Donald Trump, concerning the increase of tariff rates and stricter enforcement measures on the importation of goods into the United States. In light of these changes, on September 3, 2025, at 14:00, we will hold a […]
Herzog Advises Carbyne on its Latest $100M Growth Financing Round
August 2025 – Tel Aviv – Herzog Fox Neeman is proud to have advised Carbyne, a global leader in cloud-native emergency communications and public safety technology, on its recently completed growth financing round. Carbyne provides advanced digital platforms for mission-critical environments, including emergency call centers, government agencies, and public safety operators. Its solutions leverage live […]
Herzog Acts for Cynerio in Major Cybersecurity Transaction with Axonius
July 31, 2025 – Tel Aviv – Herzog Fox Neeman advised Cynerio, the medical‑device cybersecurity innovator founded by Leon Lerman and Daniel Brodie, in its acquisition by global cyber asset intelligence leader Axonius. Transaction Overview Acquirer: Axonius, a leading platform in cyber asset intelligence. Target: Cynerio, built to secure connected clinical and medical devices in healthcare environments. Deal […]
Unpaid Leave for Employees Absent from Work During the War with Iran
Further to our update on July 2, 2025, regarding the memorandum of law outlining potential unemployment benefits for employees absent from work due to the Home Front Command’s directives during the war with Iran, we wish to inform you that the legislative process has now been completed. On July 21, 2025, the proposed outline was […]
Draft Position Paper by the Privacy Protection Authority Regarding the Appointment of DPO
On July 23, 2025, the Privacy Protection Authority (the “PPA“) published a draft position paper for public consultation regarding the appointment of a Data Protection Officer (DPO) (the “Officer” and the “Draft,” respectively). This requirement was introduced as part of Amendment No. 13 to the Privacy Protection Law, 1981 (the “Law“), which is set to […]
Operation “Am Kalvi” – Compensation Scheme for Indirect Damages to Businesses
We would like to inform you that on July 21, 2025, the Knesset approved the Economic Assistance Plan Law (Temporary Provision – Iron Swords), 2025 (hereinafter: the “Law“) (click here to read the approved Law). The compensation framework is similar to the one implemented following the ‘Iron Swords’ war, such that businesses that suffered significant […]
US Landmark Stablecoin Regulation Signed into Law
On 18 July 2025, a new act stablishing the first comprehensive regulatory framework for payment stablecoins in the US has been signed into law by the President of the United States. The GENIUS Act (standing for Guiding and Establishing National Innovation for US Stablecoins) is considered as the most significant piece of legislation in the […]
Draft Order: Purchase Tax Reduction on Vehicles Imported by Indirect Importers
We would like to bring to your attention that the Ministry of Finance has published a draft order to amend the Customs Tariff and Exemptions and Purchase Tax on Goods Order, 2017 (hereinafter: the “Draft Order“) – Click here to read the Draft Order. The draft is open for public comments until August 6, 2025. […]
AI Training and Fair Use: US Federal Court Delivers a Landmark Ruling in Bartz v. Anthropic
Background In a closely watched case that could significantly impact the artificial intelligence industry, the US District Court for the Northern District of California recently ruled on copyright infringement claims against Anthropic PBC, the company behind the Claude AI system. The case involved allegations that Anthropic violated copyright law by using millions of books to […]
The Broker-Dealer Reform Moves Forward
On July 9, 2025, a Bill for the Regulation of the Engagement in Securities Trading Services, 2025 (the “Bill“) was submitted to the Knesset, following the publication of a memorandum for public comments in October 2024 (the “Memorandum“). The Bill is intended to establish, for the first time, a regulatory framework for the provision of […]
Age, Gender, and Discrimination – Examining Continued Employment Beyond Mandatory Retirement Age
We would like to update you on a significant recent ruling by the National Labour Court, which addressed the obligations of employers when requiring employees to retire upon reaching the mandatory retirement age. The court held that, beyond considering whether to continue employing an individual past mandatory retirement age, employers may, in many cases, be […]
Amendment to the Definition of an Individual’s Tax Residency
Dear Clients, Colleagues and Friends, On July 2, 2025, the Israeli Ministry of Finance published a draft bill proposing significant changes to the definition of an individual’s tax residency. Currently, residency is determined by a qualitative “Center of Life Test” that considers personal, economic, and social ties, along with presumptions based on the number of […]
War and the Workplace- A Proposed Outline on Unpaid Leave and Updates for Private and Public Sector Employees
Following our previous updates regarding the recent conflict with Iran and its impact on workplaces, we would like to inform you that a memorandum of law has been published. If passed into legislation, it will authorize the payment of unemployment benefits to employees who were absent from work due to directives issued by the Home […]
Arcadia in a winning deal with Evolution Gaming!
We are proud to have advised Arcadia Gaming Solutions (acquired by Evolution), an iGaming technology company based in Amsterdam, on its sale to Gaming Technology Group. The deal, expected to close by the end of 2024 (subject to closing conditions), includes an up-front cash consideration of $2.5 million, with an earn-out in 2027 based on […]
Operation “Am Kalvi” – Compensation Scheme for Indirect Damages to Businesses
Further to the client update we published on June 26, 2025 (click here), we would like to inform you that, in accordance with the Ministry of Finance’s proposed scheme for compensating businesses for indirect damages (click here to view the presentation), a Memorandum of Law for the Financial Assistance Program (Temporary Order – Operation “Am […]
The Fate of the Green Claims Directive Remains Unclear – but the Risks of Greenwashing Are Not
Last week the European Commission formally announced its intention to withdraw the Green Claims Directive (GCD) proposal — a key component of the EU’s anti-greenwashing framework. However, conflicting statements since then underscore the uncertainty surrounding whether the withdrawal will become final, or if a revised version of the proposed directive may still emerge. As of […]
Switzerland and Norway Sign Landmark Strategic Article 6.2 Agreement on Carbon Removals, with significant implications for Israel
This week, Switzerland and Norway signed a bilateral agreement under Article 6.2 of the Paris Agreement — and while its initial scope is modest, its strategic signaling power is anything but. This is the first agreement between two industrialized countries to govern the mutual transfer of mitigation outcomes (ITMOs) relating to carbon dioxide removal (CDR) […]
Join us on 9th July for a webinar hosted by Herzog Law and BeZero Carbon
With global carbon markets slated for exponential growth and the recent rise in advance project investments and offtakes, increased attention is being focused on the legal treatment of carbon credits. That’s why BeZero Carbon is partnering with Herzog Law to host a live webinar, “De-risking carbon markets: Managing legal uncertainty in the treatment of carbon […]
Backing Gender Equality in Arbitration
We are excited to share that Herzog Fox Neeman has officially signed the Equal Representation in Arbitration (ERA) Pledge, reaffirming its commitment to gender diversity and inclusivity in the field of international arbitration. By joining over 5,900 signatories worldwide, Herzog takes this important step toward ensuring that women have equal representation in arbitration and equal […]