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SEC Proposes to Amend “Accredited Investor” Definition and Expand Pool of Investors Eligible to Invest in Private Placement Offerings

January 14, 2020

On December 18, 2019, the Securities and Exchange Commission (SEC) proposed amendments

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Good News For Start-Ups - Israel Innovation Authority Budget Approved

January 7, 2020

At the beginning of December, the finance committee of the Israeli Parliament approved the transfer of NIS 400 million to the Israel Innovation Authority (“IIA”).

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Motion To File Class Action Suit For Breach of Privacy Denied by Israeli Supreme Court

January 1, 2020

On November 7, 2019, the Israel Supreme Court issued an important ruling is case 411/18 Jane Doe vs. Kadima Life Education Science Ltd 

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Who Owns The Technology Developed By Hi-Tech Employees In Israel?

December 3, 2019

Intellectual property, generally known simply as “IP”, is the lifeblood of many technology companies. 

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Israel's Security Cabinet Approves Establishment Of Advisory Committee On Foreign Investments In Israel

November 5, 2019

Israel’s security cabinet recently approved the establishment of an advisory committee on foreign investments in Israel.

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LinkedIn Loses Appeal Against hiQ on Data Scrapping Practices

September 26, 2019

The US Court of Appeal for the Ninth Circuit, located in San Francisco, California, has issued a long awaited
opinion upholding a previous decision from the District Court, forbidding LinkedIn from denying hiQ access to
its public professional social networks.

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PricewaterhouseCoopers Fined 150,000 Euros for Infringements of the GDPR

September 10, 2019

The Hellenic Data Protection Authority of Greece, in response to a complaint, recently conducted an
investigation of the lawfulness of the processing of personal data of PricewaterhouseCoopers employees.

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Recent Israel Securities Authority Position Places New Restrictions on Investment Funds in Israel

August 25, 2019

The Israel Securities Authority recently published a staff position that has material implications on investment
funds in Israel.

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New Significant District Court Ruling – Compliance with Section 102

July 21, 2019

On July 4, 2019, the Israeli District Court in Nazareth issued a noteworthy court ruling which addressed
compliance with Section 102 of the Israeli Income Tax Ordinance [New Version] 5721-1961 

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Private Placement Exemption – Sophisticated Investor and Qualified Customer

July 17, 2019

The basic position under the Israel Securities regulatory regime is that every offer of securities to the public requires, inter alia, the filing of a prospectus with the Israeli Securities Authority (the “ISA”). 

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Data Scraping On The Internet (Web Scraping)

July 14, 2019

Web scraping, or data scraping, is an operation used for extracting data from websites. While web scraping can be done manually, the term typically refers to automated processes implemented using a web crawler or bot. It is a form of electronic copying, in which data is gathered and copied from the web for later analysis and use. 

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No-Shop Term Sheet Provisions

June 16, 2019

As an entrepreneur, the way to get the best deal for a round of financing is to have multiple options. However, there comes a point in time where you have to choose your investor and shift from “search for an investor” mode to “close the deal” mode. Part of this involves choosing a lead investor and negotiating a term sheet with him. 

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Choice Of Entity: Matters Startups Should Cogitate When Selecting An Entity Structure

June 1, 2019

One of the foremost decisions a startup founder makes is selecting a corporate entity structure. Each type of entity has its own benefits and drawbacks. 

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Acceptance of Terms of Use Through Click Wrap, Browse Wrap, Scroll Wrap, and Sign In Wrap

May 15, 2019

Generally, two sides to a contract exhibit acceptance of such contract by signing their signatures on a document. Some contracts, however, may be accepted through other forms of action. 

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Drag Along Provisions in Israel

May 1, 2019

With IPO activity at a relative low, M&A transactions continue to be the leading means for growth in the Israeli high-tech sector. An important tool to guarantee that an M&A deal will be successfully closed is the “drag along” mechanism. 

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Facebook's Business Model Challenged Following EU Regulator Ruling

February 7, 2019

Earlier today, February 7, 2019, the Bundeskartellamt (Germany’s national competition regulator) issued a monumental ruling which prohibits Facebook from combining user data from different sources. 
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Liquidation Preferences In Start Up Investment Transactions

January 20, 2019

A liquidation preference determines how a company’s assets are to be distributed upon the occurrence of a liquidation event. 
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Elon Musk Settles SEC Fraud Charges

October 1, 2018

The Securities and Exchange Commission announced on September 29, 2018 that Elon Musk, CEO and Chairman of Tesla Inc., has agreed to settle the securities fraud charge brought by the SEC against him. 
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Israel Privacy Protection Regulations - Duty To Report A "Severe Security Event" To The Privacy Protection Authority

May 31, 2018

One of the most significant recent developments in data protection in Israel has been the publication of the Privacy Protection Regulations (Data Security) in May 2017. These significant regulations came into effect in May 2018.
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Israel Supreme Court Grants Israeli Jurisdiction In Legal Actions Against Facebook

May 25, 2018

On May 15, 2018, the Israeli Supreme Court held that users of Facebook in Israel may sue Facebook in Israeli courts, in spite of the Facebook User Terms of Use provision
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General Data Protection Regulation (GDPR)

May 25, 2018

The GDPR is directly applicable in each EU member state and will lead to a greater degree of data protection harmonization between EU members. 
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Amendment To Israel's Electronic Signature Law

May 25, 2018

On February 28, 2018 the Israeli Knesset amended the – 2001 (the “Electronic Signature Law”). This is the first major amendment of the Electronic Signature Law since it was enacted in 2001
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Recent Federal Trade Commission Action Against Social Media Influencers

February 18, 2018

Influencer marketing is a form of marketing in which focus is placed on influential people rather than the target market as a whole. 
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Israeli Parliament Eases Regulation On Start-Up Equity Crowdfunding

January 1, 2018

Crowdfunding is a method of raising small sums of capital from a large number of investors using an online platform. 
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