Israel plans to end the special exemption allowing first-time and veteran returning residents to avoid reporting foreign income and assets. This comes as a response to pressure from the OECD (Organization for Economic Co-operation and Development). A proposed bill, published on March 6, 2024, seeks to amend the Income Tax Ordinance, targeting individuals who have […]
Author: Idan Nishlis
Charles Russell Speechlys offers an in depth analysis of the significant changes to the tax system for foreign domiciliaries in the UK, particularly focusing on the elimination of the remittance basis of taxation and its replacement with a new four-year special tax regime starting from April 2025. For the update, read here.
One of Israel’s leading real estate groups, Minrav Group Ltd. has completed a public issuance of a new series of bonds backed by real estate assets in the US, raising NIS190 million, as well as an expansion of an existing series of bonds to institutional investors, raising an additional NIS75 million. S. Horowitz advised Minrav, with the […]
Codefresh Inc. is to merge into Octoplus Deploy, an Australian tech star, backed by Insight Partners. Founded in 2014, Codefresh has become an Argo maintainer and a figure in the Kubernetes CD ecosystem and revolutionized the way cloud-native applications are developed, deployed, and managed. This acquisition marks a significant milestone for Octopus Deploy, positioning it […]
Israeli nonbanking credit finance company Nawi Brothers Group is to submit a request to the Bank of Israel to acquire a controlling stake in the credit card company Isracard, Israel’s biggest credit card company. Read more in Globes.
Israeli venture group Team8 announced the closing of three new funds totalling USD500 million. Two of the three new funds are based on the venture creation model, in which the fund builds start-ups from scratch. The other USD110 million fund is based on the venture creation enterprise model for building and investing in start-ups in the […]
For the first time since the start of the war on October 7, Israel has completed raising a dollar bond in international markets totaling an overall USD8 billion. In recent months, the state has focused on raising debt to finance the war on the domestic market, through private offerings and through Israel Bonds. Read more […]
What are the primary strategic objectives for the Israel-focused legal team in the upcoming year, and how do they align with the overall goals of the global law firm? To increase the firm’s visibility, to build on existing strategic relationships and to establish new ones. From an intellectual property and technology practice perspective, it is […]
Encore Properties Ltd. has completed the issuance of NIS130 million in Series D bonds backed by real estate assets in the U.S. Goldfarb Gross Seligman advised Encore Properties, which owns, operates, and develops real estate properties. The transaction was led by partner Hod Mimun and associate Shuki Gottlieb of the firm’s Corporate and Capital Markets […]
Telecode Group is being sold to Sky Investment Fund. Herzog advised the target, with the transaction led by partners Asaf Nahum and Moshe Minster, with the assistance of partners, Elad Chamam and Revital Katz, as well as associates Eti Portook, Noa Bombigher, Ekaterina Yaremchuk, Keren Weiss, Dana Gilon and intern Chen Zohar.
