Israel Group News - April 2026

Welcome to the April 2026 issue of our global newsletter, Israel Group News, dedicated to keeping you informed on the latest developments, emerging trends, hot topics, and DLA Piper activities that focus on bringing the dynamic and innovative Israeli ecosystem directly to your doorstep.

During the first quarter of 2026, we provided a wide range of legal services to Israeli companies, investors, and entrepreneurs, as well as to international businesses exploring opportunities within Israel. We view ourselves as an extension of the clients we serve; we aim to work with them for the long term, whether their needs involve guidance on day-to-day inquiries, focused projects, special situations, or large-scale transactions.

For more general information about the Israel Group, click here. To gain a perspective on our trusted advisor practice, the types of day-to-day guidance we provide, and our representative client list, click here. To view a video about our charitable work in the community, click here.

Please contact us if you have any questions or if we may be helpful in any manner. For new client requests, please send an email to dla-israel-attorneys@us.dlapiper.com.

Chambers and Partners rankings

The Israel Group is proud to again be ranked Band 1 by Chambers Global 2026 in Corporate/M&A: International Firms (Expertise Based Abroad) – Israel.

Partner and Head of DLA Piper’s Israel Group Jeremy Lustman (New York; Washington, DC; and Tel Aviv) was also recognized with a Band 1 ranking.

Recent legal insights from DLA Piper

• New York has enacted the Fostering Affordability and Integrity through Reasonable (FAIR) Business Practices Act, potentially the most significant update to the state’s consumer protection framework in nearly 50 years. The law expands New York General Business Law Section 349 to prohibit “deceptive” acts and practices, as well as “unfair” and “abusive” practices specifically by the New York Attorney General. This development reflects a broader shift toward state-level consumer protection enforcement. Our alert discusses potential considerations for businesses.
  
  
• Artificial intelligence (AI) is reshaping the trade secrets litigation landscape, prompting companies and courts to rethink long-standing assumptions. AI is opening new opportunities, but it is also creating new risks for how companies develop, store, and protect their most valuable information. Learn more about how AI is expected to change several aspects of trade secrets litigation.
  
  
• The United States Food and Drug Administration has released revised cybersecurity premarket submission guidance to align with its new Quality Management System Regulation. The updated guidance reflects the growing integration of wireless and network-connected capabilities in medical devices and formalizes the expectation for cybersecurity risk management to be integrated into overall quality management. As regulators increase focus on health data privacy and cybersecurity, medical device manufacturers are encouraged to stay attuned to evolving compliance expectations. Learn more here.
  
  
• Recent enforcement actions by the Office of Foreign Assets Control (OFAC) underscore that US sanctions laws and regulations apply to fintech firms, including virtual currency businesses. OFAC’s settlements with Exodus Movement, Inc. and ShapeShift AG highlight that sanctions obligations extend to customer support practices, user-experience decisions, and technical configurations, even where a company does not directly process digital asset transactions. Read more for key takeaways for businesses.
  
  
• As cross-border financing transactions evolve in complexity, understanding the structural distinctions between US and United Kingdom credit party frameworks may be key for borrowers, lenders, and deal professionals. These differences can influence not only the timing and scope of deliverables but also the enforceability of guarantees, tax implications, and covenant compliance. This article outlines the key structural features and legal considerations that shape credit party arrangements in US- and UK-style financings.
  
  
• Argentina has enacted its Labor Modernization Bill 27.802, introducing wide-ranging changes to Argentina’s labor framework. While the reform addresses multiple areas, our alert summarizes key provisions relating to individual employment law, including changes to severance, compensation, working time, and employment structures.
  
  
• The second edition of DLA Piper’s Life Sciences Index highlights a sector undergoing transition amid rapidly shifting global dynamics. Drawing on insights from more than 200 leaders across the world’s largest biopharmaceutical and medical technology companies, the Index presents a comprehensive view of how innovation and growth priorities have evolved over the past two years. Download the Index to explore the data, trends, and perspectives shaping the future of life sciences.
  
  
• As the first operational milestones under the Cyber Resilience Act (CRA) draw closer, the European Commission has issued draft guidance to support economic operators and market surveillance authorities in applying the regulation. Published on March 3, 2026, the draft is intended to clarify how some of the CRA’s most consequential provisions should work in practice. The regulation sits within the broader EU product law framework and introduces mandatory cybersecurity requirements affecting a large share of hardware and software products placed on the European Union market. Learn more about the regulatory background, key points from the draft guidance, and next steps.

Recent matters

Below are recent Israel-related transactions in which DLA Piper was involved. The firm advised:

• Israeli cybersecurity company Seraphic Security on the employment aspects of its purchase by US cybersecurity company CrowdStrike for USD420 million.
  
  
• Doral Renewables LLC, a subsidiary of Israeli publicly listed Doral Group Renewable Energy Resources Ltd., on the negotiation of two syndicated secured credit facilities worth approximately USD525 million. Concurrently, the team counseled on the amendment and re-statement of an additional USD50 million letter of credit facility.
  
  
• A cloud-native financial technology firm on its agreement to acquire a licensed online brokerage for an undisclosed amount.

Global activity

In the first quarter of 2026, DLA Piper commenced projects for 66 Israeli companies in the following 41 jurisdictions: Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Cyprus, the EU, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Italy, Japan, Luxembourg, Mexico, New Zealand, Netherlands, Norway, Peru, Poland, Portugal, Romania, Singapore, Slovakia, South Korea, Spain, Sweden, Switzerland, Thailand, the United Arab Emirates, the UK, Uruguay, and the US.

Below are recent representative matters in which the firm assisted Israeli companies around the world:

• Commercial issues in France, Germany, India, Japan, Spain, Thailand, the UAE, the UK, Uruguay, and the US
  
  
• Corporate and securities issues in Australia, France, Germany, Luxembourg, Mexico, the UAE, the UK, and the US
  
  
• Employment, employee benefits, and immigration guidance in Argentina, Australia, Austria, Belgium, Brazil, Canada, Colombia, Cyprus, Finland, France, Germany, Greece, Italy, Japan, Mexico, New Zealand, Netherlands, Norway, Poland, Portugal, Singapore, South Korea, Spain, Sweden, Switzerland, Thailand, the UAE, the UK, and the US
  
  
• Litigation and dispute guidance in Canada, France, Germany, Poland, the UAE, the UK, and the US
  
  
• Mergers and acquisitions (M&A), finance, and investment guidance in Chile, Germany, Hungary, Mexico, Peru, Sweden, the UK, and the US
  
  
• Patent, trademark, and copyright guidance in the EU, Spain, and the US
  
  
• Privacy and other product regulatory guidance in Canada, China, the EU, France, Germany, Japan, Romania, Spain, the UK, and the US
  
  
• Real estate guidance in Thailand, the UK, and the US
  
  
• Regulatory issues in Brazil, Bulgaria, Canada, China, the EU, Finland, France, Germany, Hong Kong, Japan, the Netherlands, Poland, Romania, Singapore, South Korea, Spain, Thailand, the UAE, the UK, Uruguay, and the US
  
  
• Tax guidance in Austria, Bulgaria, Canada, Colombia, Germany, Mexico, the Netherlands, Slovakia, the UK, and the US

Colleague in the spotlight

Jon Venick

Partner, New York

Please tell us about your area of practice.

I represent businesses in a broad range of transactional matters, including M&A, public and private equity and debt offerings, securities reporting and compliance, and general corporate governance matters, with a particular emphasis on acquisitions of, or on behalf of, publicly traded companies. A significant portion of my practice is devoted to advising publicly traded companies on various corporate governance and strategic matters, including defending against activist investors and remediating potential negative impacts stemming from high-value incidents, including cyber-related matters.

You have advised Israeli companies on cross-border acquisitions in the US. What are the biggest legal and practical surprises that Israeli buyers may encounter when acquiring overseas targets, and how can they de-risk early?

Based on my experience, there are a handful of country-specific factors that Israeli companies may consider when transacting in the US M&A market.

Some businesses have historically underestimated the regulatory complexity within the US market. For example, beyond regulatory authorities, such as Hart–Scott–Rodino Act review for antitrust issues or the Committee on Foreign Investment in the United States (CFIUS) for foreign direct investment purposes, non-US market participants may encounter additional regulatory layers warranting consideration. These include state-level regulations, sector-specific concerns, or stock exchange rules and regulations.

For Israeli companies aiming to list or maintain a presence on the New York Stock Exchange or NASDAQ, what could leadership teams consider building into their operating cadence to avoid compliance challenges later?

Management teams are encouraged to understand the frequency and scope of required public disclosures, as well as the mandatory corporate governance requirements for becoming a publicly traded company in the US. Specifically, leadership teams may consider adopting requisite corporate governance policies and working ahead of listing to develop the practices needed to implement these functions successfully. Market participants may also consider instituting company-wide training sessions and routine internal quality control checks to properly establish and maintain these policies and procedures.

Leadership teams may recognize that periodic reports encompass both financial and qualitative elements, each of which could carry liability. Market participants are encouraged to implement best practices such as establishing a robust disclosure committee with sufficient time to review and comment on draft disclosures, as well as implementing internal certification processes at various levels to help validate potential disclosures.

You have worked on public company and special-purpose acquisition company (SPAC) transactions involving Israeli companies. What makes these transactions challenging for Israeli teams, and what would you do differently from day one?

Public company M&A transactions in the US – particularly de-SPAC transactions – are among the more complex deals in the market. These transactions typically have a longer lifecycle than those of private companies and require consideration of numerous third-party stakeholders, including regulatory authorities such as the Securities and Exchange Commission (SEC) and plaintiffs’ counsel. I work to ensure that businesses understand the short-, medium-, and long-term components of these transactions and have visibility into the potential unexpected features of public M&A transactions.

In public company M&A transactions, it is common for deals to take six to nine months from start to finish. I often encourage market participants to understand this timeline’s implications for securing and maintaining financing throughout the process. Understanding these considerations can help market participants better assess the range of potential outcomes and their effects on transaction cost and timing. I always encourage an ongoing dialogue with clients throughout a transaction.

In deals where an Israeli company is being acquired by a US buyer, what are the most common negotiation pressure points, and where do Israeli sellers most often leave value on the table?

From a value proposition perspective, some of the most challenging aspects are often related to indemnification and the use of a representation and warranty insurance (RWI). In the US M&A market, RWI is now expected in nearly all types of transactions. I have observed that many non-US market participants are less familiar with this process compared to frequent US acquirers, potentially making them more hesitant to consider the products. Nonetheless, particularly from a sell-side engagement perspective, RWI policies can enable sellers to finalize transactions without needing to reserve funds for potential post-closing liabilities. Taking time initially to understand the costs and benefits of RWI may help facilitate smoother negotiations and transactions.

Key elements also include US-centric items – such as a net working capital adjustment rather than a UK-style lockbox feature – as well as considerations regarding regulatory components and their associated covenants and conditions.

What place in Israel is at the top of your list to visit?

Tel Aviv, because it is an extremely beautiful city with a remarkably rich history and countless sites to see.

DLA Piper Israel Group updates

On January 11, 2026, we hosted a live Shtark Tank podcast event, featuring author Moe Mernick, angel investor Ben Lang, and former McKinsey Senior Partner Michael Bloch. Shtark Tank discusses Torah teachings as they relate to modern life. Moderated by Yaakov Wolff, the conversation covered key questions about work-life balance.

On February 1, 2026, the Israel Group welcomed Dalia Saker (New York) as a Marketing Coordinator. Dalia assists with events, market research, and directory submissions.

On February 11, 2026, Jeremy Lustman joined Francisco J. Cerezo (Miami and New York), Partner and Chair of DLA Piper’s US Latin America practice, on DLA Piper’s Panorama podcast for a discussion on the growing business and economic ties between Latin America and Israel.

On February 15, 2026, DLA Piper Israel Group Director Dana Brody Glass (Tel Aviv), DLA Piper Israel Group Senior Marketing Manager Zisse Mueller (New York), and Dalia Saker attended the Association of Corporate Counsel (ACC) Israel HighTech Summit 2026 at Meitar Law Offices in Tel Aviv. We were excited to connect with colleagues and friends across the Israeli tech and legal ecosystems.

Finally, we are pleased to share a highlight video of the 2025 DLA Piper Charity Basketball Tournament, which took place on September 16, 2025, as well as our 2025 Recap video.

Professional and client events

On December 30, 2025, we hosted a group of partners and senior associates from Israeli law firms, including EBN: Erdinast, Ben Nathan, Toledano; Naschitz, Brandes, Amir & Co.; Shibolet & Co.; and S. Horowitz & Co., for an evening of dinner and networking as part of our Rising Legal Stars series. We enjoyed connecting with emerging leaders at firms we closely collaborate with and were pleased to facilitate relationship-building across the Israeli legal ecosystem.

On January 8, 2026, we hosted our second Legacy & Leadership Dinner in New York City with TAMID Group. This campus-based nonprofit seeks to connect the next generation of business leaders to Israel. Jeremy Lustman serves on the TAMID Group Board, and our office has benefited from the energy and talent of TAMID’s summer interns over the years. The dinner brought together a group of TAMID alumni from across finance, technology, and other industries for networking, thought-provoking conversation, and the strengthening of ties to the vibrant Israeli ecosystem. Managing Director Naomi Maryles (Tel Aviv) represented the Israel Group at the dinner, which included speaker Tamir Hay, an Assurance Partner at PwC Israel who, as part of a New York-based secondment, manages PwC’s Israeli Tech practice in the US.

On January 14, 2026, we had another opportunity to facilitate networking across the Israeli legal ecosystem, this time with Rising Legal Stars from Israeli law firms Goldfarb Gross Seligman; Fischer, Behar, Chen, Well, Orion & Co.; and Arnon, Tadmor-Levy. Participants networked over dinner.

On February 2, 2026, we hosted a Professional Networking Series Lunch & Learn at our Tel Aviv office in celebration of Tu B’Shvat, the Jewish New Year for Trees. Yael Leibowitz, a Bible scholar and teacher, spoke to the group about the symbiotic relationship between humanity and the land. In addition to networking and learning together, participants enjoyed a holiday-themed lunch featuring foods traditionally associated with Tu B’Shvat.

On February 11, 2026, we hosted a pre-Super Bowl networking event at our Tel Aviv office. We enjoyed classic Super Bowl food, plus special treats inspired by the cuisines of New England and Seattle. We then participated in an hour-long training session provided by United Hatzalah of Israel, Israel’s largest free, volunteer emergency medical service, on recognizing life-threatening emergencies, providing basic CPR, and responding to choking in infants, children, and adults.

On February 16, 2026, The Jerusalem Post Editor-in-Chief Zvika Klein spoke to a group of guests at a networking dinner in honor of US Presidents’ Day. Zvika led an engaging discussion around US and Israeli politics.

Giving back to the community

Corporate social responsibility is one of the guiding principles of the DLA Piper Israel practice. As part of this commitment, during the first quarter of 2026, we engaged in the following sponsorships and community activities:

• From January 5 to 12, 2026, we co-sponsored Comedy for Koby shows in Israel, supporting the Koby Mandell Foundation and its mission to help individuals and families cope with trauma and loss.
  
  
• On February 24, 2026, we once again co-sponsored and volunteered at Simcha Layeled’s Purim celebration at Shamir Medical Center (Assaf Harofeh). Simcha Layeled is an organization dedicated to improving the quality of life for children with disabilities and children who are seriously ill in hospitals and rehabilitation centers across Israel. This was the third Purim we collaborated with Simcha Layeled.
  
  
• In honor of Passover, we donated to nonprofit organization Koach Eitan, which raises awareness and educates about stroke and aphasia. Our team received copies of the organization’s Empowering Seder Conversations Passover Haggadah, which presents insights to foster inclusion and engagement at the Seder.