Enforcing Foreign Judgments in Israel

Enforcing Foreign Judgments in Israel For a foreign judgement to be acknowledged or enforced in Israel it must be accepted by an Israeli court. (1) Enforcing foreign judgments in Israel is performed in accordance with The Foreign Judgments Enforcement Law – 1958. (2) The statute relates to judgments regarding civil matters, meaning noncriminal and matters… [Read More]

Implementing FATCA by Israeli Banks

FATCA Compliance. FATCA, The Foreign Account Tax Compliance Act was legislated in May 2010 and entered into force In July 2014. FATCA obliges U.S. taxpayers, namely American passport holders and American social security number owners, to report foreign financial accounts, whose value exceeds 10,000 dollars, and offshore assets to the IRS (Internal Revenue Service). It also obliges foreign financial… [Read More]

Israel – The Start-Up Nation

High-Tech Start-Ups In Israel Israel’s dynamic tech startup scene is no secret. Israel – the start-up nation – is now firmly placed on the world map. Today, only the U.S. and China have more companies listed on the NASDAQ than Israel’s 90 public companies – worth a total of $40 billion. Innovation continues and a… [Read More]