ESOP Transfer Pricing Audits on the Rise

In the recent meeting of the Legal and Accounting committee of the Israeli Advanced Technologies Industries, Israel's largest umbrella organization representing the high tech and life science industries, the concern of vigorous and growing number of transfer pricing audits was raised, specifically in the field of ESOP matters. The matter of employee benefits granted to the employees of related parties, such as of the granting entity's subsidiary, has been in the focus of the Israeli... read more >>

Third Annual Israeli Environmental Performance Index Published

The Israeli Ministry of Environmental Protection (MOEP) has recently published, for the third  consecutive year, the results of the Annual Environmental Impact Index. As in previous years, publication of the Index received the attention of the media and  of investors both in Israel and abroad. This year, the Index applies to 44 publicly-traded and government-owned companies, that together  represent over 100 industrial facilities and 1,000 gas stations. The top ranked poor... read more >>

Social Media Policy in the Workplace – the Sequel

Last summer I wrote my first blog ever regarding "Use of social media by employees – is this good or bad for the employer?" I concluded my short article by stating that "this is mainly a philosophical debate with no clear answer" and observed that "as in each minute millions of posts, tweets and photos are published (including by your employees), a better use of our time is not to debate this, but rather educate ourselves and our employees about this use".  Well, I hope you all... read more >>

The Perils of Fixing the Un-Broken – Licensing Reform in the UK

A previous post in this blog celebrated the regulation of internet gaming and the opportunities it presents for the gaming industry. It did, however, also highlight the challenges that regulation presents, particularly in terms of the need for operators to constantly adapt in order to comply with divergent regulatory regimes as they develop in individual jurisdictions. The current scramble for licensing in the United Kingdom, resulting from the 2014 amendment to the UK Gambling... read more >>

Israel’s regulatory control over cyber exports

Introduction Homeland security experts warn of the next wide scale military offensive beginning with a decisive zero-day cyber-attack. Last December, representatives from over 40 developed nations heeded these warnings through an amendment to the “Wassenaar Arrangement” – a multilateral export control regime through which adherent states commit to regulating trade of a variety conventional arms and “dual-use” goods and technologies. Through the December amendment, the... read more >>

A Tale of Four Green Cards

Being a Legal Permanent Resident ("LPR") of the United States or “green card holder” has many advantages, including the ability to live and work legally in the U.S. Seems obvious, right? Perhaps, but what may not be so obvious are the responsibilities of being an LPR. To illustrate, I will share with you the top fact patterns that I encounter when speaking with Israelis who hold U.S. green cards. I’ll refer to the four sons from the Passover story to keep you awake.... read more >>

Back to Normal

There have been several Code Red Sirens in Tel Aviv over the last twelve days, as hostilities in the Gaza Strip continue.  Shelling in the southern part of the country is more frequent.  But in Tel Aviv, for those of us working in the office, when a siren sounds, we all get up and walk to the stairwell, working our way downstairs towards the shelter, greeting co workers, waiting a few minutes and then we go back upstairs. As I get back to my desk, with our office across from the... read more >>

Israel – New Policy Seeks to Clarify National Agenda for Classification and Remediation of Contaminated Land

The Israel Ministry of Environmental Protection (MOEP) recently published for public comment a draft policy that may have significant implications for the industrial and financial sectors with respect to contaminated land (a link to the draft policy in Hebrew). The publication of the draft policy is consistent with the continuous efforts by the MOEP in recent years to pass the Contaminated Land Bill in the Israeli Parliament, the Knesset. Until the debates within the political... read more >>

Making Lemonade: A U.S. Visa Recipe for Short Term Projects

Let's face it. There are simply not enough U.S. work visa options for Israeli professionals. While the legal infrastructure is in place, the E-2 investor visa is still not “ripe” for Israel, and is pending final issuance of reciprocal regulations and implementation. To add insult to injury, the FY2015 quota for H-1B specialty workers was exhausted within less than one week. The remaining nonimmigrant work visa categories available to Israeli nationals (ex: L, E, O) have... read more >>

Conscious Contract Drafting – Considering the “What Ifs?”

Once upon a time, not many years ago, lawyers had their hands full. In those early days, lawyers acted as a “one stop shop” offering a wide range of legal services: from litigation to transactional work. Although one might argue against the effectiveness of maintaining a broad general practice of law which is not area-specific, it is evident that a diverse legal practice equips lawyers with a degree of “horizontal vision” and with a toolkit, enabling them to consider various... read more >>
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