The Foreign Investment in Real Property Tax Act of 1980, as amended (FIRPTA), imposes tax on gain realized on disposition by nonresident alien individuals or foreign corporations (non-U.S. persons) of a U.S. real property interests (USRPI) by treating such gain as effectively connected with the conduct of a U.S. trade or business by such non-U.S. … Continue Reading
Introduction (by Joey T. Shabot) Israeli technology companies providing software, payment, and other solutions for the gaming industry are closely watching regulatory trends related to online gaming in different jurisdictions throughout the world. This legal update from our colleagues in Illinois may point to a trend in some U.S. states to permit online and mobile … Continue Reading
Retail innovation is booming in Israel and corporate executives best take notice, as reported in a recent Forbes article. Hardly the first time Forbes has taken notice, this most recent article was inspired by a major retailer CEO’s visit to Israel. The article lists the staggering numbers boasted by Israel’s impressive retail technology start-up scene … Continue Reading
You are invited to learn about recent legislative updates and professional insights pertaining to Chinese law and business conduct. Among topics discussed in this current issue are the release of Second Draft of Foreign Investment Law to boost market; the establishment of a Quick Channel for expedited approval of Foreign New Drugs Regulatory Commission; the unveiling of Administrative … Continue Reading
In a matter led by Shareholder Joey Shabot and Associate Aaron Katz, Greenberg Traurig recently represented Wells Fargo Strategic Capital – the venture capital arm of Wells Fargo & Co and a specialized capital provider that partners with the bank’s wholesale businesses to identify and provide customized capital solutions to its clients – in its investment … Continue Reading
Greenberg Traurig was pleased to sponsor the Annual OurCrowd Global Investors Summit for the fourth consecutive year. The event, hosted in Jerusalem, traditionally brings together thousands of entrepreneurs, startup companies and investors from across the globe, all eager to learn about the newest and most innovative technologies. As part of our involvement, Greenberg Traurig hosted a … Continue Reading
Greenberg Traurig’s Tel Aviv office had the pleasure of hosting a delegation of business school students and alumni from France’s prestigious INSEAD Business School. The group, on a mission to Israel to explore business opportunities with Israel’s tech scene, consisted of businesspeople from France, Japan, Jordan, India, Poland, Korea and the U.S., and they joined … Continue Reading
Greenberg Traurig’s Tel Aviv office is pleased to be ranked again by leading legal directories, alongside some of Israel’s top law firms. BDICode recently released its local M&A guide, ranking the office as “Prominent Leaders” for the fourth consecutive year. International Guide Chambers & Partners ranked the office and Israel Practice in Band 2 under … Continue Reading
SpaceIL is scheduled to make history today by launching and landing the first ever Israeli spacecraft on the moon. Greenberg Traurig’s Tel Aviv office is proud to have been part of SpaceIL’s journey to the moon and wishes the team lots of luck and success! For more details on the launch, click here. … Continue Reading
Greenberg Traurig’s Tel Aviv office is collaborating with partners BNY Mellon and H.C. Wainwright & Co. LLC to host a morning roundtable focused on capital markets options for the life sciences industry. The event will take place February 27th, 9:00 at Greenberg Traurig’s Tel Aviv office located in the Azrieli Round Tower (30th Floor). Topics … Continue Reading
Earlier this month, Joey Shabot, Managing Shareholder of Greenberg Traurig’s Tel Aviv office was invited to take part in a unique event bringing together Israeli and international attorneys. The event titled “From Israel to the World – About the International Legal Market” which was put together by Robus – Consulting & Legal Marketing, offered Israeli … Continue Reading
The Massachusetts Noncompetition Agreement Act, M.G.L. c. 149, § 24L, has been the law of the Commonwealth for almost four months. The statute only applies to agreements entered into between employers and certain employees and independent contractors on or after Oct. 1, 2018, so the law’s ramifications are still largely yet to be determined. Nevertheless, … Continue Reading
Tel Aviv Managing Shareholder Joey Shabot and Of-Counsel Ephraim Schmeidler recently represented a US-based family office as part of its investment into Israeli company Sight Diagnostics Ltd (Sight). Sight develops a platform for diagnosing blood diseases using computer vision technology and is a portfolio company of Clal Biotechnology Industries Ltd., traded on the Tel Aviv … Continue Reading
Earlier this week, Greenberg Traurig’s Tel Aviv office hosted representatives from Israel’s leading financial institutions for a morning seminar on the Practical Aspects of Open Application Program (API) Interface in Europe following the EU Payment Services Directive 2 (PSD2) which went into effect earlier this month. The seminar was hosted in cooperation with international policy … Continue Reading
Raised in Haifa, Israel, David Schulman grew up with a passion for video games. David has long since moved to the US to become a successful Shareholder in GT’s Atlanta office, and has taken on the role as one of the leads of GT’s new Video Game and Esports Practice. David, who works with numerous … Continue Reading
Many employers and attorneys assume that covenants not to compete found in employment agreements are not enforceable against California residents absent narrow exceptions, and that courts would reject any attempt to apply another state’s choice of law provision to draft around this issue. A recent case from the Delaware Chancery Court, NuVasive, Inc. v. Patrick … Continue Reading
Greenberg Traurig (Tel Aviv) attorney Devora Snyder delivered the keynote address at Google Israel’s recent conference, “Aging 2.0: Using Sensors for Early Detection of Age-Related Diseases.” Devora, whose areas of professional focus include Global Data Privacy and Cybersecurity, presented on the GDPR implications of biometric data collection and discussed potential compliance strategies for companies and clinical researchers … Continue Reading
Our Tel Aviv office attorneys and staff, together with their families, celebrated the Holiday of Lights with the office’s annual family Chanukah party. The group enjoyed dinner and an interactive Capoeira show, where all, big and small, sang and danced to Brazilian style Chanukah tunes. The evening was concluded by the lighting of the Menorah, where all … Continue Reading
Greenberg Traurig’s Tel Aviv office is proud to be able to support charitable causes in Israel and abroad. This past Monday, shareholders in the office attended United Hatzalah’s gala dinner, an event that brought together GT clients, business leaders and non-profit volunteers from across Israel. United Hatzalah is a volunteer-based emergency medical services organization based in … Continue Reading
As reported in our previous GT Alerts, on May 8, 2018, President Trump announced his decision to withdraw the United States from the Iran Joint Comprehensive Plan of Action (JCPOA), and on June 27, 2018, OFAC issued amended regulations and general licenses implementing the withdrawal. The Office of Foreign Assets Control’s (OFAC) re-imposition of Iran … Continue Reading
Adam Snukal, Shareholder at Greenberg Traurig’s Tel Aviv office and GDPR expert, recently participated on keynote panel at inaugural Turkey Privacy Professionals Association Privacy Conference. The Conference hosted attorneys, academics and regulators eager to learn about privacy issues and specifically GDPR. Adam took part in a panel titled “Concept of ‘Consent’ and Obligation to Inform under Personal … Continue Reading
Earlier this summer, S&P Global gave the Israeli economy a vote of confidence by upgrading Israel’s credit rating for the first time in seven years. As reported in a Calcalist article, the new AA- rating is Israel’s highest to date. The change by S&P was made on the heels of Moody’s Investors Service also upgrading Israel’s … Continue Reading
