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3 weeks ago | 
jdsupra.com | Avishay klein |Liav Shapira |Barnea Jaffa Lande
DORA (Digital Operational Resilience Act) is an EU regulation that sets rules for how financial entities manage ICT (Information and Communication Technology) risks. It covers areas like cyber resilience, incident reporting, third-party risk, and oversight of critical service providers. DORA applies to EU financial institutions (e.g. banks, insurers, investment firms, payment providers, crypto platforms) and to their ICT third-party service providers (TPPs).
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3 weeks ago | 
jdsupra.com | Amichai Cohen |Barnea Jaffa Lande
EU foreign ministers have decided to explore the possibility of cancelling the EU-Israel Association Agreement due to allegations that the war in Gaza is raising doubts concerning Israel’s commitment to the safeguarding of human rights. The UK, which is not a member of the European Union, announced earlier that it was suspending further talks with Israel on a free trade agreement, for similar reasons. Israel and the EU have long-standing trade relations.
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3 weeks ago | 
jdsupra.com | Noemie Amar |Netta Bromberg |Barnea Jaffa Lande
In Israel, many employers customarily employ teenagers during the summer vacation. Since the school year is coming to a close, we are recapping highlights of the Youth Employment Law to remind employers about what is permitted and prohibited when employing teenagers. The Ministry of Labor recently tightened its law enforcement measures, including with regard to the employment of teenagers.
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1 month ago | 
jdsupra.com | Ran Karmi |Gal Rozent |Barnea Jaffa Lande
Bank Hapoalim and Israel Discount Bank will each pay the State Treasury ILS 40 million within the framework of an administrative settlement (“agreed order”), in respect of their acquisitions of minority stakes in a competitor which, according to the director-general of the Competition Authority, constitutes an illegal restrictive arrangement in violation of the Economic Competition law of 1988 (The Competition Law).
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1 month ago | 
jdsupra.com | Irit Brodsky |Ran Karmi |Barnea Jaffa Lande
The US government, led by President Trump, has recorded another big win in the battle that US law enforcement agencies have been waging for years against Google. This time, a federal court issued a landmark ruling stating that Google acquired abusive monopolistic power in online ad tech markets and that it has been deliberately leveraging its dominance to stifle competition.
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1 month ago | 
jdsupra.com | Roy Engel |Yakov Vilenski |Barnea Jaffa Lande
IntroductionInvestment funds have a variety of legal structures customized to investors’ various needs and investment policies. The two main fund structures are closed-end funds and open-end funds, which differ in several material parameters, as explained below. Investment structureA closed-end fund operates for a fixed period, usually for approximately seven years, with optional extensions.
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1 month ago | 
jdsupra.com | Maya Carmi Lubartovski |Barnea Jaffa Lande
Owners of buildings designated for long-term rentals are entitled to significant tax benefits that are being granted in order to encourage the construction of buildings that include residential apartments earmarked for long-term rentals. In 2021, chapter seven 1 of the Encouragement of Capital Investments Law was amended to introduce a new tax benefit track for long-term rental apartments.
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1 month ago | 
jdsupra.com | Eran Elharar |Barnea Jaffa Lande
In an era of stringent regulations and increasing legal risks, it has become essential for organizations to implement internal enforcement programs. However, in order for such programs to provide legal protection, they must be effective, customized and well-documented. What is a compliance survey and why is it essential? A compliance survey is the beating heart of an internal enforcement program.
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1 month ago | 
jdsupra.com | Efrat K. Cohen |Barnea Jaffa Lande
We are living in an era of revolutionary medical innovation, particularly in the research and development of medicinal products. Diseases that were once considered incurable, are now treated with drugs, vaccines and cutting-edge medical technologies that stabilize patients’ conditions, improve their quality of life and, in some cases, even result in complete cures.
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2 months ago | 
jdsupra.com | Avihai Tal |Andrey Yanai |Barnea Jaffa Lande
Regulatory amendments in several popular jurisdictions in the gaming industry have prompted many companies to look for other alternatives. One of the destinations that is generating growing interest is Anjouan – a relatively small jurisdiction that is known to offer a flexible licensing solution, especially against the backdrop of the changes in Curaçao which, up until recently, was an attractive jurisdiction for companies in the gaming industry.
