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Client updates 

New updates regarding safety violations in corporations and change in the retirement age for a person whose child has died.
In 2017, the Israel Tax Authority published a circular addressing the use of accumulated balances in central severance pay funds, and many employers began liquidating these severance pay funds. It is important to note that the liquidation of a central severance pay fund also has implications on labor relations with your employees.
The State Comptroller, Judge Joseph Shapira (retired), published an audit report on the financing of political parties in relation to parliamentary parties in the 20th Knesset for the period from April 2015 until year-end 2016.
The Tel Aviv District Court recently issued its ruling in a proceeding that has been underway for several months. The proceeding concerns a fintech company who filed a motion for an injunction that would prevent a bank from unilaterally modifying the terms and conditions for the fintech company’s bank account.
Online shopping websites not owned by Israelis, or whose owners have no registered representation in Israel (even if the website is offered in Hebrew), tend to enjoy a significant advantage over Israeli-owned websites. Namely, these foreign-owned websites operate according to the perception that they are not subject to the provisions of the Israeli Consumer Protection Law.
An Israeli district court rejected an appeal lodged by a person who was involved in providing pre-paid cards used for the purpose of wagering with online gambling websites. The court ruled that such activity amounts to aiding and abetting illegal online gambling activities, as well as contravenes the Israeli Anti-Money Laundering Act.
A number of changes in the taxation of residential apartment sales will come into effect on January 2018.
At the end of November 2017, the Constitution, Law and Justice Committee of the Knesset approved a revised draft bill to amend the Courts Regulations (Fees), whereby parties filing a motion to certify an action as a class action will be charged a court fee.
The Israel Tax Authority published a draft circular today about a sale of rights in a corporation when a portion of the consideration is paid to the seller at a future date.
In September 2017, the Electricity Authority published a Call for Bids for the purpose of determining the rate for electricity generation using photovoltaic (PV) technology at PV plants to be connected to the high-voltage and low-voltage grids.
In a precedent-setting ruling handed down recently in the Tel Aviv District Court a motion to certify an action as a class action, which was filed against Tower Semiconductor Ltd. and its officers, was dismissed in limine based on the rationale that US law applies to the company in relation to the matter of liability, since Tower is also listed for trading in the United States.
At the end of October 2017, the Privacy Protection Authority published a guideline about the use of surveillance cameras in the workplace and within the framework of employment relations. This guideline does not come as a surprise, as a draft of it was already published last year for public comments.
Recently, the Israel Antitrust Authority (IAA) published a memorandum of law entitled “Strengthening Enforcement and Reducing the Regulatory Burden.” At issue is a comprehensive amendment to the Restrictive Trade Practices Law.
In July 2017, Amendment 63 to the Securities Law, 5728 – 1968, concerning the restructuring of the stock exchange, came into effect.
November 2, 2017
Minimum Wage Update
On October 30, 2017, an amendment to the Minimum Wage Law was enacted after being approved during the second and third readings in the Knesset.
On October 18, 2017, the EU Commission published its report on the review of the functioning of the EU-US Privacy Shield, which was established to allow the transfer of personal data from the European Union to the United States.
The Ministry of Economics and Industry recently published a draft bill for an amendment to the Consumer Protection Law. This draft bill proposes placing restrictions on telemarketing.
The Knesset Labor, Welfare and Health Committee recently approved a comprehensive revision of Regulation 35 of the Accessibility to Online Services Regulations under the Equal Rights for People with Disabilities Regulations (Service Accessibility Adjustments), 2013.
The Israeli parliament has enacted new legislation that will authorize Israeli courts to issue orders that block, inter alia, online gambling website.
Apple is set to introduce a new feature in the Safari browser that will significantly reduce advertisers' ability to collect and use personal data. The new feature, called Intelligent Tracking Prevention (ITP), imposes a 24-hour time limit on third party tracking cookies and a 30-day time limit on first party cookies.
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