September Edition 2019

35 34 Recreational Cannabis Companies Granted Permission to List on the Tel Aviv Stock Exchange - Herzog Fox & Neeman The Israel Securities Authority (the “ISA“) and the Tel Aviv Stock Exchange (“TASE”) have recently approved the listing of companies acting in the field of recreational Cannabis (for use outside Israel’s borders) on the TASE. To date, the TASE has been considered a prime market for medicinal Cannabis funding activity. The latest revolutionary decision by the ISA and the TASE’s to approve the listing on the TASE of companies acting in the field of recreational Cannabis opens new possibilities for companies acting in the Cannabis Industry and supports Israel’s position as a leader in the global Cannabis Industr y. Read more. CFIUS and FIRRMA: National Security Review of Transactions - Tadmor Levy & Co. In the last couple of months, the Committee on Foreign Investment in the United States (CFIUS), a US interagency, has effectively blocked several transactions involving Chinese companies and US entities, on grounds of national security. These recent trends demonstrate the significance that the US government attaches to the storage of personally identifiable information as a potential national security concern, and its willingness to disturb, under certain circumstances, a foreign investment transaction on grounds of ‘national security’ even after consummation of a deal. Accordingly, this client alert reviews the instanceswhen certain transactions may be susceptible to bans, suspensions, and qualifications by the US governme nt. Read more. EDPB’s New Update On Data Processing Agreements - Erdinast Ben Nathan Toledano & Co. The European Data Protection Board (EDPB) has issued earlier this month an opinion on the standard contractual clauses in compliance with Article 28 GDPR, containing some important insights and commentaries on provisions of data processing agreements, which define the controller- processor relations . Read more. IsraelDesks News from Israel Provided by IsraelDesks Israeli Law Firm Members 02 The Competition Authority Published a Guidance Paper on Evaluation of Significant Market Power - Yigal Arnon In January 2019, an extensive amendment to the Economic Competition Law, 5748-1988 (formerly the Anti-Trust Law) came into effect. Inter alia, the amendment broadened the definition of a “monopolist”, which will now include “a person who holds significant market power regarding the supply or purchase of assets, or regarding the provision or purchase of services”. On July 21, 2019, the Competition Authority (the “Authority”) published a guidance paper regarding the method in which it interprets the term “significant market power”. Read more. Breeders' Rights in the Cannabis Industry and Employees' Right for Royalties in Israel - Gornitzky In light of the recent expansion of the cannabis industry, Dr. Ziv Rotenberg, partner, and associate Yoav Meer, in a client update on Breeders’ Rights in the Cannabis Industry and Employees’ Right for Royalties in Israe l . Read more. The Israel Securities Authority issued a staff position paper on the interplay between the Joint Investment Trust Law, 1994 and the Securities Law, 1958 - Shibolet On July 17, 2019 the Israel Securities Authority (the “ISA”) issued a staff position paper (the “ISA Circular”) in which the ISA clarified its position regarding the correlation between the Israeli Securities Law, 1968 (the “Securities Law”) and the Israeli Joint Investment Trust Law, 1994 (the “Joint Investment Law”) in the context of private investment funds . Read more.