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DLA Piper – Israel Group News



Welcome to the October issue of our global newsletter, Israel Group News. DLA Piper’s Israel Country Group delivers all the benefits of a global law firm through a team of lawyers committed to the Israel market.

We actively represent 50+ Israeli investors and companies every month (well over 200 since we started the practice nine years ago) in connection with many of their activities requiring legal counsel across the globe, including transactional, commercial, regulatory, intellectual property, employment, litigation and tax issues. We also routinely assist a growing number of our multinational clients (over 200 of them to date) with respect to their Israel activities (in cooperation with local firms with whom we work closely). In addition, we are always looking to create opportunities for our Israeli clients by leveraging the global relationships we manage to match up strategic partners, potential joint ventures and other business-to-business connections around the world.

Israel Group News aims to keep you informed about current developments, hot topics for your consideration and DLA Piper activities that focus on bringing this dynamic ecosystem to your doorstep. We hope you enjoy.


In the wake of the #MeToo movement, New York State and New York City governments have passed new laws aimed at sexual harassment prevention. Evan D. Parness, Employment partner in DLA Piper’s New York office, explains what Israeli companies with operations in New York State and/or New York City must do in order to comply with these new laws. Click here to read more.


We are proud to report that in the third quarter of 2018, we provided service to over 35 Israeli clients in the following 38 jurisdictions: Australia, Bahrain, Belgium, Brazil, Canada, Chile, China, Colombia, Cyprus, Denmark, Dubai, EU, Finland, France, Germany, Greece, Hong Kong, Italy, Japan, Jordan, Kazakhstan, Kenya, Mexico, Netherlands, Poland, Portugal, Peru, Qatar, Romania, Russia, Saudi Arabia, Singapore, Spain, Thailand, UAE, Ukraine, the United Kingdom and the United States.

Below are some representative matters in which we assisted our Israeli clients around the world:

Commercial issues in Brazil, China, Germany, Netherlands, Poland, Romania, Russia, Spain, the United Kingdom and the United States

Corporate and securities issues in Australia, Brazil, China, Dubai, France, Germany, Japan, Mexico, the Netherlands, Romania, Thailand, Ukraine and the United States

Employment guidance in Brazil, China, Denmark, Hong Kong, Japan, Mexico, Netherlands, Portugal, Qatar, Russia, the United Kingdom and the United States

Financing transactions in the United Kingdom and the United States

Global compliance programs in the European Union and the United States, including anti-money laundering (AML), foreign affairs and sanctions

Litigation guidance in France, Germany (patent litigation), Singapore and the United States (commercial and patent litigations)

M&A transactions in Denmark, Italy, Netherlands, Russia, Singapore, the United Kingdom and the United States

Patent guidance in Chile, Peru and the United States

Privacy guidance and compliance (including with respect to the GDPR) in Brazil, Canada, Chile, China, Cyprus, Germany, the European Union, the United Kingdom and the United States

Private equity fund investments in excess of $200 million in the United States

Real estate transactions in Germany and the United States

Regulatory issues in Bahrain, Belgium, Brazil, China, Colombia, the EU, Finland, France, Germany, Greece, Jordan, Kenya, Romania, Saudi Arabia, the Netherlands, the UAE, the United Kingdom and the United States

Strategic agreements, partnerships and joint ventures in China

Trademark assistance in the United States

Tax issues in Brazil, China, Kazakhstan and the United States


Below is a sampling of some recent client alerts that should be of interest to our clients in Israel, given some of the sectors and specific geographies where they have become more active. For a full menu of our daily publications, please visit this page.

The Committee on Foreign Investment in the United States (CFIUS) pilot program described in this alert mandates that certain non-controlling investments made by foreign companies in US businesses be notified to CFIUS. The program is particularly relevant in the VC space, because the types of industries and critical technologies covered by the pilot program are prevalent in many of the US targets of venture capital deals. Although the pilot program is global in nature (no country is exempt from the requirement), it was driven by concern about Chinese investments in US critical, emerging, and foundational technologies that may not previously have crossed the “control” threshold and been subject to CFIUS jurisdiction under the existing regulations.

Argentina’s new Law 27, 430 introduces a new taxable event – a Value Added Tax (VAT) applicable to the importation of “digital services” – rendered by a non-resident to a resident individual or entity when the effective use or exploitation of the service is carried out inside Argentina.

California Governor Jerry Brown signed a bill into law on September 30, 2018 requiring publicly held companies based in California to have at least one female on their boards of directors by the end of 2019, and, depending on the size of their boards, additional females by the end of 2021. Financial penalties will apply for noncompliance. With the enactment of this law, California becomes the first state in the US to mandate gender diversity in the corporate boardroom.

Our Digital Transformation in Financial Services paper examines five themes transforming the financial services marketplace: the evolution of disruption; collaboration and investment; the shifting landscape of regulation and technology; payments and cryptocurrencies; and cybersecurity and monetizing data. Click here to access the white paper.


July: As part of our ongoing Israel Women’s Leadership Series, we co-hosted a cocktail reception together with Schear Immigration Law Firm featuring guest speaker Darya Henig Shaked, founder of WeAct – an initiative to bring Israeli female founders to Silicon Valley. Darya discussed the many challenges facing female entrepreneurs, including difficulties in raising funds and the lack of female partners in the VC world. Learn more.

August: DLA Piper Canada hosted a breakfast seminar with Rena Nickerson, General Manager of SodaStream Canada, who shared her timely insights into the company’s great Israeli and international growth story. Jeremy Lustman, Head of DLA Piper’s Israel Country Group, discussed the Israeli venture capital/private equity tech ecosystem and opportunities for investment. Learn more.

September: DLA Piper co-hosted a dinner with Israeli law firm Yigal Arnon and Israel Dealmakers as part of this year’s DLD Tel Aviv Innovation Festival. The event brought together a highly-curated group of venture capitalists, entrepreneurs and other top executives across the Enterprise Blockchain and enterprise technology ecosystem. Learn more.

September: We hosted our second Executive Learning Series event with a breakfast discussion and tour of Mobileye by one of its co-founding engineers, Mois Navon. Mois told his personal story and how he eventually ended up at Mobileye, after a series of twists and turns in his life. He described the evolution of the company, why Intel decided to acquire it a premium and where the company is headed. The event was co-hosted by Nefesh b’Nefesh. Learn more.

October: We sponsored a UK Real Estate event that took place at the UK Ambassador to Israel’s residence where Paul Jayson presented on “UK Post-BREXIT Real Estate Market Current Trends and Opportunities.”

October: DLA Piper Canada co-hosted a breakfast event with Israeli law firm Meitar Liquornik Geva Leshem Tal, where Noam Goodman spoke on the current and future business and regulatory landscapes in Canada and the ins and outs of going public there.

October: The Finance Club of the Institute of Certified Public Accountants in Israel hosted a US tax event where Lewis Greenwald presented on stock options in cost pools, Altera, and US tax reform.


October 28: WIN GC Confidential Dinner – “Confidence is Key: Becoming a Stronger In-House Leader” featuring Erin Abrams, General Counsel at Via

November 6: Blockchain Breakfast with iCapital and Yigal Arnon featuring Martin Bartlam

November 13: Doing Business Globally series with PwC: Spotlight on the Netherlands, featuring Michiel Coenraads, Sander Wiggers and Joris Willems

December 19: The ABC’s for DPO’s with Andrew Dyson

If you would like to receive invitations to DLA Piper Israel Group events, click here.


Jerusalem Post, October 21, 2018 – “As Canada legalizes recreational cannabis, Israel considers lifting export ban”

Times of Israel, October 17, 2018 – “Israeli regulation sputters as Canada Gives green light to Cannabis”

Globes, July 29, 2018 – “What are the magic words that open doors in Silicon Valley?”

The Marker, July 15, 2018“The man who manages 50 billion Canadian dollar assets presents his 4 rules for selecting solid real estate investments”


Get fresh perspectives and insights from DLA Piper and our Israel Country practice – find us on LinkedIn and Twitter, and subscribe to Israel Global Gateway, a blog about business and legal issues important to Israeli companies, investors and entrepreneurs in support of their global activities. If you would like to receive invitations to DLA Piper Israel Group events, click here, and to join the Israel Group mailing list, click here.


DLAPiper.com »

Our Locations »

Israel Country Group »

Learn more about our Israel Country Group by contacting:

Jeremy Lustman »


Record-breaking $16 million settlement for potential HIPAA violations


SEC fires warning shot against “short and distort” schemes


Subscribe to Israel Global Gateway, a blog about business and legal issues important to Israeli companies, investors and entrepreneurs. If you would like to receive invitations to DLA Piper Israel Group events, click hereand to join the Israel Group mailing list, click here. And would you like to receive other DLA Piper publications? Please visit this page to sign up.


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