How about a “Go to Jail” agreement?
When we hear the word "prison", our tendency is to think of murder, rape or theft offences .
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.
Notarial Services
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, 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
Hiring an employee through a pay slip or as a freelancer – which is better?
A CEO of a business pays his salary for years against an invoice.
On the Four Species and good faith during negotiations
One of the most prominent of the Tishrei Jewish holidays is the Sukkot holiday, in which the Four Species are celebrated: the Etrog (citron) - which has a taste and a smell; the Lulav (palm branch) – with a taste (dates), but odorless; the Hadas (myrtle) - with a pleasant smell, but without the taste; and the Arava (willow) - which has neither taste nor smell.
On Faith, Covid-19 Vaccines, Fish and Bicycles
A person without faith is like a fish without a bicycle.
The golden rules for the use of social networks for your business
The use of social networks for business promotion is so common that it is difficult to imagine a successful business without a presence on the networks.
On lasting power of attorney instead of a Turkish telenovela on Netflix
a parent that is getting older and not at his or her prime are not limited to Turkish telenovelas on Netflix – regretfully, such are a daily reality.
Clear message of Labor Court to employees: Steal and Laundered Money!
In a bizarre, to say the least, verdict of the Tel Aviv Labor Court of June 2021, the Court made an innovative ruling: an employee who steals an employer's database and tries to sell it to a competitor is exempt from liability if he manages to hide the consideration received for the sale.
A Best Effort Obligation – The Gap between the Reality and the Desired
A landlord undertook to assist the tenant in obtaining a business license but later it became clear that zoning restrictions prevented the receipt of the business license and the tenant sought to be released from the contract.
Mine, Yours, the boss’ !
The value of a technology company is measured by two key elements: its intellectual property and its employees.
Forgot to check that your employer duly paid you? Too bad, so sad
An employer pays his employee's wages at varying times: once by the 10th, but sometimes also on the 15th, or the 20th.
Where there is a will, there are relatives – on notarized wills and dementia
Parents usually want to make sure that certainly during their lives, but even after their demise, the relationship between their children will be a good and loving relationship, however wills and inheritances are one of the major causes of conflicts between family members.
I did steal, but you will pay – defamation against employees ?
An employee stole a confidential database from the company on the eve of his dismissal.
Latest Legal Updates
A condominium bylaws trump over specific management agreements the preceded it with regards to payment of management fees
A management company of a commercial building registered as a condominium demanded from unit holders to pay management fee as per the specific management agreements signed with it, while the condominium bylaws recorded after the execution of the management agreements set that management fee is paid pro rata to the size of the unit compared […]
A person acting without good faith may not file a derivative claim in a company
A woman whose son worked for the Israeli Electric Company (IEC) and whose termination resulted in legal proceedings against the IEC, purchased an IEC share and demanded documents from the IEC for the filing of a derivative claim – a claim on behalf of the company against its officers – following a settlement between the […]
The higher the position of a company officer the higher are such officer’s fiduciary duties
A shareholder who also served as a senior manager opened a competing company. The Court held that the manager’s activity in the competing business constitutes a breach of his obligations to the company. The main duty imposed on an officer in a company is to act solely for the benefit of the company and to […]