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Israeli Tax Authority Refuses to Register Bitcoin-Based Company

The Customs and Value Added Tax (VAT) division of the Israeli Ministry of Finance has refused to open a VAT record for Buy Accountless Ltd., owned by CPA and jurist Roey Gorodish, because its business operations are based exclusively on bitcoin, in a way that relieves the company from the need to hold an ordinary bank account.

According to the ...

Supreme Court: Police Cannot Order ISPs to Block Access to Gambling Websites

The Israeli Supreme Court ruled yesterday (March 24) that the district chiefs of the Israel National Police do not possess the authority to issue warrants ordering Internet access providers to block Internet access to gambling websites. The Supreme Court judgment thereby dismissed the State's appeal against the landmark decision delivered by the Tel Aviv District Court of Administrative Affairs in ...

IPO Posts New Guidelines on Software Patentability

The Israeli Patent Office (IPO) recently announced an update to the patent examination procedures related to the patentability of software claims. This update concludes the revision of the examination procedures, a process that began in 2009. The new procedures describe the process by which a patent application is to be examined, pursuant to section 3 of the Israeli Patent Law, which governs ...

Stock trading remodeled by flash traders

Ms. Ester Levanon, CEO of the Tel Aviv Stock Exchange (TASE) has recently commented that Flash Traders (also known as Algorithmic Traders) take up a growing capacity of the daily volume of trade in the TASE, as well as in other leading stock exchange venues. Flash Trading refers to traders in the capital market that use high speed digital processing to compute ...

Israel will consider restricting cyber systems export

The Israeli Ministry of Defense (MOD) has assembled a new unit that will assist the Israeli cyber industry's efforts to market and export cyber systems abroad. The MOD's general manager, Mr. Udi Shani, speaking on the cyber panel at the annual Herzliya conference, said that the MOD is also considering whether to place restrictions on the export of cyber systems, given ...

Israel - proposed guide on workplace privacy

The Israeli Law Information and Technology Authority (ILITA) has published a consultation draft guide on protecting personal information in workplace environments.

The purpose of the proposed guide is to reflect ILITA's view of the principles applicable to the right of privacy in personal information that employers store and process, and recommend adequate practices to implement these principles.

The guide is ...

New guidelines for employees' placement services

The Israeli Law Information and Technology Authority (ILITA) has published new guidelines on privacy principles for applying the provisions of the Protection of Privacy Act on jobs placement services.

The guidelines are a result of a four years process of consultations led by ILITA with placement services, employers and other relevant stakeholders. Their main objective is to enhance the privacy protection ...
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