In October 2021, a number of Israeli databases were hacked, the best known of which was the database of the gay dating app, Atraf (the Israeli equivalent of Grindr, which took its place when it collapsed).
Fields of Practice
AFIK & Co. is much more than a traditional legal service provider. We take pride in our firm’s ability to provide top-notch legal and business services in almost every area of business law.
Privacy, GDPR, Confidentiality and protection of reputation
Cryptocurrency, NFT and Web-3
Notarial Services
European Law and Regulations
Mergers and Acquisitions
Business, Corporate and Joint Ventures
Commercial, Banking and Financial
Dispute Resolution
Capital Markets and Stock Exchange Regulations
International Transactions and Dispute Resolution
Copyright, Trademarks Media and Artists
Real Estate
High-Tech and Technology
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
Labor Law and Immigration
Maritime, Aviation and Transportation Law
Taxation and Government Incentives and Funding
Competition
Public Law, Environment and Tenders
Latest Articles
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Unlike other governance systems where, as the residents of Animal Farm (George Orwell, 1945) discovered, everyone is equal but.
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What is the status of an intra-family settlement made orally many years ago in which it was agreed that real estate would be registered under the name of a family member who is not really the owner?
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As a startup nation, the issue of employee stock options plan (ESOP) in high-tech companies is not strange to the Israeli corporate world.
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Employee options are an important tool for recruiting and rewarding employees as well as retention of employees - the company provides a cheap salary replacement for a company that prefers to use its resources for growth (and in a growth company, the options will be worth much more than cash payment) and at the same time, it is a very powerful tool for retention of employees and creating personal commitment by identifying with the interests of the company (the employee will lose the options or part thereof if he leaves and he has an interest in working better because he benefits from the company's growth).
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In the classic film “2001: A Space Odyssey” (1968), Hal9000, the artificial intelligence system contends: “No 9000 computer has ever made a mistake or distorted information.
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Almost any Israeli employer or employee is familiar with "Section 14" and employers usually ensure that employees sign an agreement to "Section 14" - a signature which since 2008 is redundant - but in practice, in many cases the conduct is not duly made and not only do conflicts arise when employees retire but when a company is sold, as part of the due diligence process, the budgetary "holes" are revealed and cause a significant decrease in value for the company.
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It’s a small(er) world…, you no longer need to be a Marco Polo to reach China and you can easily book a room in a hotel in Chile without buying a travel guide, all via a website in Hebrew.
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The Israeli Capital Investments Encouragement Law 1959 ("Law"), was enacted with the aim of encouraging capital investments and economic initiatives in such a manner that priority will be given to technological innovation through various tax benefits.
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As of June 27, 2024, all companies in Israel are required to submit electronic reports to the Israeli Companies Registrar - ostensibly a technical amendment intended to perhaps save manpower at the Companies Registrar by removing the requirement to type in the manual forms, but in practice a significant change that may reduce the gross negligence in which a large number of companies in Israel conduct themselves.
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An entrepreneur decided to cooperate with a social media influencer and promote a 'joint venture' in the field of trade via a designated website established for this purpose, in return for paying commissions and sharing profits at an agreed rate.
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The business world is difficult enough as it is, and in addition to the day-to-day difficulties of establishing a business and maintaining its success, businesses, including small businesses, are exposed to frivolous lawsuits filed by individuals whose entire purpose is to try and "milk" the business.
Latest Legal Updates
A deaf-mute person who does not speak official sign language signed a will without having it properly translated by a sign language interpreter in a manner consistent with his understanding. The Court canceled the will due to defects in its drafting. Israeli law requires a notary who prepares a document for the signature of a […]
A website operator on the YouTube channel uploaded videos explaining how to access to “Sdarot” website, where links are uploaded for illegal direct viewing of the works, in which he instructed the public on how to circumvent the instructions of the blocking orders issued by the courts in Israel and the USA regarding the copyright […]
A tender holder sought to receive expectation damages, which are damages in the amount of profit had the agreement been enforced, from a tender winner who breached its obligations under the tender, even though it had already forfeited the bank guarantee that the tender winner had provided. The Supreme Court rejected the tender holder contention […]