Related briefings

Israel: Amendment of the Income Tax Ordinance

An amendment to the Income Tax Ordinance that was recently enacted obligates financial institutions to identify the residency and citizenship of their foreign account holders. The financial institutions are required to report the information to the Israel Tax Authority, so that the ITA can then relay that information to the relevant foreign tax authority. Consequently, provisions of the […]

Reverse vesting and holdback – good news for entrepreneurs?

In the world of high tech and Israeli tax there has been some uncertainty as to whether entrepreneurs, whose shares are subject to a reverse vesting mechanism or a holdback upon their sale, should be paying income or capital gains tax. Earlier this month the Israel Tax Authority published a draft circular presenting its position […]

Israel: reverse vesting and holdback – good news for entrepreneurs?

Originally printed in The Times of Israel BY ARIELLA DREYFUSS “In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin strikes again. However, in the world of high tech and Israeli tax there has been some uncertainty as to whether entrepreneurs, whose shares are subject to a reverse vesting mechanism […]

Israel: foreign construction companies get green light

In March 2016 the government adopted the housing cabinet’s recommendations regarding criteria for allowing foreign construction companies to begin operating in Israel. This move is one of the government’s strategies for increasing the volume of residential construction in Israel. The government decided, inter alia, to publish a federal RFP (request for proposal), containing the threshold requirements […]

Business Leadership

To be or not to be a director?

Investors, whether angels, VCs or corporates, typically demand a seat on the board of directors of their target company in return for their investment. However, it is important to remember that directors in Israeli companies have obligations as well as rights. They have a duty of care, a fiduciary duty and a duty of disclosure […]

Latest Briefings

Food & Drink Update – September 2020

Guidance on the latest food and drink rules, including post-furlough planning and workforce measures manufacturers, Brexit and the workforce – how to prepare for upcoming changes, protecting innovation in the food & drink industry, and more.

Coronavirus business interruption test case – judgment in the “insurance case of the century”

Flaux LJ and Butcher J today handed down judgment in the test case brought by the FCA to explore whether hundreds of thousands of businesses can recover under their business interruption policies for losses caused by the pandemic, in the “insurance case of the century” – the only claim heard under the Financial List Test Case Scheme. Many of those businesses will, today, be celebrating a fantastic win for them.

Cayman Islands Update: Economic substance guidance notes V3 issued

On 13 July 2020, the Cayman Islands Department for International Tax Cooperation (the “DITC”) issued version 3.0 of the Guidance on Economic Substance for Geographically Mobile Activities (the “Guidance”) pursuant to the ES Law (as defined below). This replaces the previous version 2.0 of the Guidance issued on 30 April 2019.

Recommended

Linklaters

Linklaters retains 91% of autumn qualifiers

Linklaters has retained 91 per cent of its qualifying trainees this autumn. The magic circle firm had 56 final-seat trainees, and 51 applied for newly-qualified jobs, with all of them offered one. Training principal Nick Rumsby said: “We are very pleased to announce such an impressive retention rate for our September qualification round. We are again fortunate […]

Combatting power shortages in Sierra Leone

In 2015 a team that included Gowling WLG partners Jonathan Brufal, Gareth Baker and senior associate Tom Gray worked with Africa Growth and Energy Services (AGES) to support a landmark renewable energy project in Sierra Leone, which suffers from a severe power shortage. The project, which included providing advice on corporate structuring and negotiating, and […]

food

The Lawyer Eats: Blandford Comptoir, Marylebone W1

Did you enjoy it? Asks the waitress, for what,  by this point,  is the third time. I’m not enjoying your service style, I don’t say, even though I’m getting steadily more irritated as the meal progresses.

No5 commercial and chancery present autumn seminar series

No5 Chambers is presenting a series of seminars taking place in its Birmingham office. Each seminar carries 1 CPD hour and is free of charge. Places are allocated on a first come first serve basis. The seminars comprise: Seminar 1: Commercial Updates – Thursday 15th September 2016 Seminar 2 – Estates – Thursday 22nd September 2016 Seminar 3 – Property – Thursday 6th […]

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