We are very excited to be co-hosting a fintech event with Visa Israel and Citi focused on PSD2 and GDPR; please join us on November 28th in Tel Aviv. Register here.
We are pleased to launch the DLA Piper Global Contract Laws: Comparative Guide. The online guide offers a high-level snapshot of contract laws across 50+ jurisdictions including Israel.
The DLA Piper Global Contract Laws: Comparative Guide has been designed to help you navigate cross-border complexities. This complimentary resource offers an overview of key laws governing commercial contracts around the world, all in a user-friendly online format. Our online resource provides the ability to search and compare laws governing commercial contracts across multiple countries.
For example, if you are considering a transaction between entities in the UK, France and the US and want a basic understanding of the differences between their laws governing limiting liability, our online tool allows you to swiftly call up the relevant summaries for a quick comparison.
The DLA Piper Global Contract Laws: Comparative Guide covers an array of topics, among them: warranties; limits on liability; remedies for breach of contract; term and termination; and third-party rights.
Register here for your complimentary access to the DLA Piper Global Contract Laws: Comparative Guide.
On November 8, 2017, we co-hosted an India-Israel Summit together with PwC Israel and Amit, Pollak, Matalon (an Israeli law firm with a leading Indian practice) in the beautiful conference center overlooking the marina at the Ritz-Carlton in Herzliya. The event drew representatives from companies, investors, and entrepreneurs from both countries, wanting to learn more about the growing relationship between the two countries.
We were honored to have representatives from both the Indian and Israeli governments open the program with words of greeting. Dr. Anju Kumar, Deputy Chief of Mission at the Embassy of India spoke about the growing relationship between Israel and India and where she believes their future economic partnership headed. Anat Bernstein-Reich, Chairperson of the Israel-India Chamber of Commerce, focused on the increased number of missions by both countries and their compatibility across a range of industry sectors, specifically defense, cyber, agritech, and digital health. Tammy Ziv, Head of Israel-India Economic Affairs, Economic Division, at the Israel Ministry of Foreign Affairs rounded out the discussion by discussing what she believes to be a prosperous future for the two countries.
Anuj Prasad, Partner at Indian law firm Shardul Amarchand Mangaldas & Co., provided a thorough insider’s view on the issues and challenges that arise when doing business in India. He highlighted the growing ease of doing business in India, increased foreign investments in Indian companies, associated policy considerations, and helpful tips and strategies when entering the Indian market.
Benjamin Grossman, Partner & Head of India Practice at APM, provided response remarks from the Israeli perspective and moderated our industry-wide panel entitled, “Industry Snapshot – Opportunities and Challenges for doing Business in India”. The panel focused on a wide variety of issues affecting India-Israel business relations, including intellectual property, popular business sectors, and each panelist’s perspective on India-Israel business collaborations. Our remarkable panelists included Ben Gilad, Head of Co-Innovation Network Europe & Israel at Tata Consultancy Services; Doron Davidson, Founder & VP BD and Customer Success at SecBI; Lauri Hanover, CFO of Netafim; Allen Kamer, Managing Partner at OurCrowd Qure; and Shalom Revivo, Director Sales & Marketing, India at Israel Aerospace Industries.
Ron Mazurik, Senior Tax Manager at PwC Israel, gave an overview on the Indian tax and business environment and the most efficient and tax-beneficial ways of structuring an entity within the country.
The highlight of the event was certainly the captivating keynote presentation – “India-Israel Ties – Ancient Cultures, Ageless Wisdom, Timeless Values” – given by Dipak C. Jain Director of the Sasin Graduate Institute of Business Administration, former Dean of INSEAD; former Dean of the Kellogg School of Management; Independent Director of Reliance Industries; Member of the Boards of Deere & Company and Northern Trust Corporation; Global Advisor of Chine Europe International Business School of China; Honorary President of Woosong University, South Korea’s.
Straying from the economic and political realm of the previous speakers, Mr. Jain discussed India in a social and cultural context, identifying key comparisons and ties between India and Israel, including: an emphasis on education, great accumulation of capital, a focus on sustainability, and a strong vigilance against terror. Mr. Jain concluded his captivating presentation with one final thought: “Symmetry of values and concordance of outlook in this era drives home the imperative of our mutually beneficial relationship.”
The event concluded with a short presentation by Amnon Ofen, Director of Naan Dan Jain Irrigation, who spoke about the incredibly successful story of Naan Dan Jain Irrigation in India, a product of NaanDan, an Israeli pioneer company in irrigation that was established in 1937 on Kibbutz Nan, and Jain Irrigation system, a global leading corporation in the agricultural sector established in 1963. Amnon stressed his belief that the successful joint activity was a combination of India’s inexpensive resources, raw materials, and a highly trained and skilled labor force coupled with Israel’s knowledge and technology.
We hope to plan another India-Israel program that will be held in India in 2018. Stay tuned for details!
On October 31, 2017, we co-hosted a Global M&A event – “Global M&A Trials, Trends, Tribulations, and Triumphs” – with Gornitzky & Co. (one of the top Israeli law firms) at the beautiful sea-view conference center located in the Royal Beach Tel Aviv. Jon Kenworthy, a Partner in our London office and Co-Chair of the firm’s M&A Group, presented an overview of DLA Piper’s 2017 Global M&A Intelligence Report, which analyzes over 1,000 private M&A deals over the last 3 years and offers a unique insight into current trends in M&A. Chaim Friedland, a Partner at Gornitzky, offered the Israeli perspective. The program also included an in-depth introduction into transactional liability insurance presented by Josh Cowen, a M&A Manager with UK Private Equity at AIG.
The program concluded with a high-level Dealmakers Panel, moderated by Koby Tanzer, Senior VP and Head of the Israel office at Imperial Capital. The panel focused on critical issues affecting M&A transactions, including the current global environment in the macro, private equity vs. corporate driven M&A, and all stages of a deal, from the planning phase through the process and negotiations and post-merger issues and integration. Our incredibly impressive panelists included Moshe Friedman, Director Corporate Development at Amdocs; Nadav Zohar, Global Head of Corporate Development at Gett; Inbar Schwartz, VP of Business Development at Delta Galil; and Marc Lesnick, Partner at Fortissimo Capital.
On April 5, the New York City Council passed legislation outlawing salary history inquiries.The new legislation was created in an effort to address payequity issues by prohibiting employers from inquiring about a job applicant’s salary history during the hiring process. The law would come into effect 180 days after New York City Mayor Bill de Blasio signs the bill. Once enacted, the new legislation will impose significant changes on the hiring process.
The New York City bill would make it an unlawful discriminatory practice for an employer to inquire about a prospective applicant’s salary history during all stages of the employment process. In addition, the bill would make it an unlawful discriminatory practice to rely on a job applicant’s salary history in determining the applicant’s salary, benefits or compensation. To learn more about this bill including notable exceptions as well as steps empolyers should take to prepare for compliance read the full article by Eric J. Wallach, Brian S. Kaplan, Joseph A. Piesco, Daniel Turinsky, and Evan D. Parness of our employment group.
On October 22, 2017, we hosted our third Win Israel GC Confidential Dinner entitled, “What Every GC Needs to Know About Using IP to Protect and Manage their Company’s Assets.” This exclusive dinner took place at the Whiskey Bar & Museum in Tel Aviv and included an intimate group of select General Counsel and in-house legal counsel. The program began with a guided Whiskey tasting paired with flavorsome appetizers. Following our “whiskey tour around the world”, our guests enjoyed a delicious dinner while they listened to insightful presentations by our colleagues, Leon Medzhibovsky, Jonathan Rofé, and Andrew Stein. Andrew provided an overview of the current United States patent litigation environment and a forecast of what lies ahead. Leon followed with a discussion on trade secrets, various licensing models, and what consequences could result from a breach. Jonathan gave the final presentation, examining the associated security and privacy risks resulting from the ever expanding use the of cloud. It was a truly enjoyable and educational evening, please keep a lookout for information on our upcoming WIN Israel GC Confidential Dinners
While in their previous article, Bonella Ramsay, Gareth Stokes, and Giangiacomo Olivi considered a typical collaboration between a healthcare institution and a developer of an digital diagnostic system using machine learning or some other form of artificial intelligence. The currency of that commercial relationship is data.
Learn about this new commercial relationship within the healthcare field by read the article by our colleagues examines,which the use of AI solutions can lead to privacy issues and the use of diagnostic images as personal data while also discussing what the future looks like with these AI Solutions.
Please don’t forget to register here for our upcoming Israel-India Summit, which will take place on Wednesday, November 8th in Herzliya. The program will feature a number of Indian companies and investors alongside Israeli entrepreneurs looking to explore and expand the business opportunities between India and Israel. We are honored to welcome among our speakers and panelists Dipak C. Jain, Dean of Sasin Graduate Institute of Business Administration of Chulalongkorn University in Bangkok, Thailand and former Dean of Northwestern University’s Kellogg School of Management.
Please feel free to reach out with any questions to Jacob Katz (Jacob.Katz@dlapiper.com).
The Internet of Things will change business models in the financial services sector − and at the same time create new legal issues. For banks to survive they must change their business model using IoT devices but this may lead banks to no longer be a “safe” in which customers’ data is locked up and immobile. Banks of Things will collect customers’ data from any of their personal devices to offer them different services. The same data is set to become a major resource for the banks’ business, both to improve their operations and to operate as an asset that can be sold. To learn about several ways banks can exploit the date they collect, please read the full article by our colleague Giulio Coraggio.
The Internet of Things (IoT) enables everyday objects – printers, thermostats, pacemakers, cars – to collect and exchange data over the Internet. Like other online data, IoT data can be mined, transformed and monetized. However, with the exponential growth of IoT comes higher risk and greater scrutiny of data privacy and security. If you want to learn more about the IoT and its link to spyware and unfair trade practices, please read the informative article by our colleagues, Rana Mears and Sydney M. White.