Tel Aviv Office Participates in ‘Girls on the Run’ Annual 5K Run

Posted in Culture, Event, Global, Tel Aviv

GT’s Tel Aviv office recently took part in Greater Boston’s Girls on the Run annual Spring 5K. This year, the event was held virtually, allowing participants from all over the globe to take part. The run was aimed at encouraging girls, families and their supporters to continue to nurture their physical and emotional health during this uncertain time.

Girls on the Run helps pre-adolescent girls develop social and emotional intelligence while also creatively integrating running and developing healthy habits for life. This event will celebrate those 1,000 girls who would have completed their first 5K with the program this spring.

Tel Aviv team members were excited to take part in this important initiative:

Pictured: Joey Shabot, Tel Aviv office Managing Shareholder.

 


Pictured: Devora Snyder, Tel Aviv office Associate who spearheads Israel based efforts for the firm’s Global Women’s Initiative (right), and friend (left).

UK Real Estate: New UK Tax Landscape for International Investors

Posted in Real Estate

Over the last few years, the UK tax rules for overseas investors in UK real estate have seen dramatic changes. In this GT Alert, we highlight some of the changes and some of the steps that may be considered to potentially mitigate their impact. In navigating these changes, what has become clear is the importance of having the right structure in place to suit the particular investor(s).

Now is the time to take action, whether it be reviewing existing structures to make sure that they are still fit for purpose, considering whether pre-sale planning steps should be taken to minimise the potential for a price chip by a future buyer or considering the best structure to use for a new investment.

What has changed? Introduction of NRGCT…

Read the full GT Alert, “UK Real Estate: New UK Tax Landscape for International Investors

Join us for the Upcoming “360 Degree Perspective on AI” Webinar

Posted in Event, Global, Intellectual Property, Israel, Tel Aviv, Webinar

Join GT’s Chair of the Global Patent Prosecution Group Barry Schindler and IP & Technology Shareholder Adam Snukal , for the In-House IP Manager Forum Webinar “360 Degree Perspective on AI”.
With artificial intelligence (#AI) penetrating what seems like every product, platform and solution being developed today, we’ll examine various forms of transaction instruments (such as NDAs, MSAs and even purchase agreements) to understand the role of AI within those agreements, to consider which contractual clauses are particularly affected by AI, and to offer various negotiation strategies to ensure you’re well-positioned vis a vis AI. Covering topics such as protecting AI from both a confidentiality and IP ownership perspective, what about AI is proprietary/ownable, making representations and warranties around AI, AI vs. Privacy, AI in regulated industries (e.g., healthcare, cyber, fintech), analyzing data usage rights in light of AI, Licensing AI – what is licensable and what isn’t, can AI be acquired?

When: Tuesday, July 7 | 16.00 – 17.00 IDT
To Register: sandy@bpipconference.com

Join Us for Hebrew Webinar on the Federal Reserve Main Street Lending Program

Posted in Corporate & Securities, COVID-19, Israel, Tel Aviv

Join Tel Aviv corporate attorney Ephraim Schmeidler for a webinar to discuss the Federal Reserve Main Street Lending Program.

The webinar will take place Wednesday, July 1st, 3:00 PM – 4:oo PM (Israel Time) and will be delivered in Hebrew. The webinar is open for Israeli companies with US operations.

For more information and registration, please email TLVMarketing@gtlaw.com

GT Client Optibus Featured on World Economic Forum ‘Tech Pioneers’ List

Posted in Emerging Growth Companies, Israel, Technology, Tel Aviv

Congratulations to our client Optibus for being featured on the 20th edition of World Economic Forum’s (WEF) ‘Technology Pioneers’ list. this year’s list includes 100 companies with 6 being Israeli.

Optibus was founded in Israel and is now active in Europe and across the US. The company, represented by Tel Aviv Labor & Employment Shareholder Meira Ferziger leverages artificial intelligence, advanced optimization algorithms and distributed cloud computing to make public transportation smarter and more efficient.

 

 

GT Client Medigate Makes Forbes’ Top 20 IoT Startups To Watch In 2020

Posted in Cybersecurity, Health Care & FDA, Israel, Labor & Employment

Congratulations to our client Medigate for being featured on Forbes’ Top 20 IoT Startups To Watch In 2020.

Medigate is a company operating in Israel and in the US. The company, represented by Tel Aviv Labor & Employment Shareholder Meira Ferziger, focuses on security and management for the Internet of Things (IoT) in the Healthcare industry.

Summer 2020 Travel Advisory, U.S. Embassy/Consular Services, and COVID-19 Restrictions

Posted in COVID-19, Global, Immigration, Israel, Tel Aviv

As summer approaches and countries begin to re-open, some companies and individuals are thinking about resuming international travel. If international travel is required for your work or other reasons, be prepared for strict restrictions and potential last-minute cancellations. This GT Alert provides considerations with respect to international travel amid the Coronavirus Disease 2019 (COVID-19) pandemic.

U.S. Embassies and Consulates Continue to Offer Limited Services Worldwide

In March 2020 U.S. embassies and consulates suspended routine visa services until further notice. However, during the last few weeks, several jurisdictions have re-opened visa appointment calendars for the summer months. Although there is no official guidance from the Department of State, visa applicants should schedule their visa appointments as soon as calendars are opened to get in queue, as there may be long processing and wait times due to case backlog. However, these visa appointments may be rescheduled by the embassy with little or no warning, as the COVID-19 situation remains fluid. In most cases, a visa appointment will be re-scheduled at no additional cost, with DS-160 forms remaining valid for one year. Specific U.S. embassies/consulates are implementing the following:

  • Israel: The embassy continues to provide emergency and mission-critical visa services as resources and local conditions allow. The embassy has not confirmed when routine visa services will resume.
  • France: The U.S. Embassy in Paris opened its calendar in May, and non-immigrant visa applicants were able to schedule visa appointments beginning in June. During the week of May 18, 2020, the embassy cancelled all June visa appointments. As of the date of this alert, the calendar is open starting in July 2020, and individuals can schedule appointments. No cancellation of July appointments has occurred to date.
  • Italy: Visa appointments remain suspended until further notice.
  • Sweden: The embassy has opened its calendar for the summer months. However, processing times may increase due to limited staffing.
  • Poland: The U.S. Embassy in Warsaw and the Consulate General in Krakow is only accepting emergency, mission-critical visa services. All other appointments have been cancelled. As of June 2020, the embassy and consulate have opened appointment calendars for July 2020.
  • Turkey: The U.S. embassy and consulates continue to provide emergency and mission-critical visa services as resources and local conditions allow. The embassy has not confirmed when routine visa services will resume.
  • Mexico: Visa applicants can schedule appointments beginning in July 2020. No cancellation of appointments has occurred to date. Consulates continue to accept nonimmigrant visa applications on a limited basis for emergency travel only.
  • Argentina: Visa applicants can schedule visa appointments beginning in July 2020. No cancellation of July appointments has occurred to date.
  • Brazil: Embassies and consulates have cancelled all routine visa appointments but continue to provide emergency and mission-critical visa services as resources and local conditions allow. Visa applicants can schedule appointments beginning in July 2020. No cancellation of appointments has occurred to date.
  • Chile: The U.S. Embassy in Santiago has suspended routine consular visa services until further notice.
  • India: U.S. visa application centers located in New Delhi, Mumbai, Chennai, Hyderabad, and Kolkata, and the six document delivery centers located at Jalandhar/Chandigarh/Pune/Ahmedabad/ Bangalore/ Cochin will remain closed until further notice.
  • Japan: Consular services remain suspended. Visas are only being issued in cases of emergency.

For more information and updates on the developing COVID-19 situation, visit the GT Tel Aviv Homepage and GT’s Health Emergency Preparedness Task Force: Coronavirus Disease 2019.

Read the full GT Alert Summer 2020 Travel Advisory, U.S. Embassy/Consular Services, and COVID-19 Restrictions.

GT Clients Secret Double Octopus and Source Defense Make Forbes’ 20 Best Cybersecurity Startups To Watch In 2020

Posted in Cybersecurity, Israel, Labor & Employment, Startups, Tel Aviv

Congratulations to our clients, Secret Double Octopus (“SDO”) and Source Defense for being featured on the Forbes 20 Best Cybersecurity Startups To Watch In 2020 list.

SDO is an Israel based cybersecurity company operating in Europe and across the US, and offers an innovative password-less authentication solution. With offices in Israel and the US, Source Defense provides real-time threat protection against vulnerabilities originating in third-party scripts. Both companies are represented by Tel Aviv Labor & Employment Shareholder Meira Ferziger.

The Four Consumer-Focused Opportunities as Analyzed by Israeli Investment Group

Posted in COVID-19, Global, Israel

A recent article written and published by Viola Ventures, a leading Israeli tech-focused investment group aimed at supporting Israeli or Israeli-related early-stage tech startups in the global arena, proposes four main “Consumer-Focused Innovation Opportunities” to take into consideration in the post-COVID-19 business world. They are: e-commerce, health, future of work, and future of entertainment.

All four categories may present growth opportunities for related businesses that align with the world population’s newly adopted lifestyles. According to the article, should such businesses be able to accommodate their services and products to new and rapidly changing consumer demands, it may lead to success in the post-COVID world.

 

PPP Loan Forgiveness: What the Latest Guidance Means for You

Posted in Corporate, COVID-19, Israel

Recently, the Small Business Administration and the Treasury Department released its latest guidance in the form of two interim final rules on loan forgiveness: “Business Loan Program Temporary Changes; Paycheck Protection Program –Requirements – Loan Forgiveness” and “Business Loan Program Temporary Changes; Paycheck Protection Program – SBA Loan Review Procedures and Related Borrower and Lender Responsibilities.” This, coupled with Treasury’s recent Loan Forgiveness Application gives borrowers seeking forgiveness of their Paycheck Protection Program loans a better understanding of the process, subject to future regulatory or legislative changes.

Forgivable Uses of PPP Loans

The forgivable uses are:

  • You must spend at least 75% of the forgivable amount of your PPP loan on payroll costs
  • Payroll costs for U.S.-resident employees, consist of
    • Salary, wage, commission or similar compensation (up to $100,000 per employee)
    • Cash tips or equivalent
    • Payment for vacation, parental, family, medical, or sick leave (other than qualified family or sick leave wages for which a credit is allowed under Sections 7001 or 7003 of the Families First Coronavirus Response Act) Allowance for dismissal or separation
    • Payment required for the provision of group health care benefits, including insurance premiums
    • Payment of any retirement benefit
    • Payment of state or local tax assessed on the compensation of employees
  • You may not spend more than 25% of the forgivable amount of your PPP loan on nonpayroll costs, consisting of:
    • Payment of interest on a business mortgage obligation for real or personal property entered into prior to Feb. 15, 2020 (but not on principal prepayments or payment of principal),
    • Payments on business rent obligations on real or personal property under a lease agreement in force prior to Feb. 15, 2020
    • Business utility payments (for which service commenced prior to Feb. 15, 2020, consisting of:
      • Electricity
      • Gas
      • Water
      • Transportation (waste removal)
      • Telephone
      • Internet access

Read the full GT Alert “PPP Loan Forgiveness: What the Latest Guidance Means for You”

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