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.
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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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.
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There are some very acute questions such as: the Maccabi or Hapoel basketball team, coffee or tea, Coke or Pepsi, but for years, one of the most basic question has always been - Apple or Android?
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A person receives a property tax bill to pay, for an apartment that is not his at all, just because the apartment belonged to his deceased mother.
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It is said that every Jewish mother's wet dream is for her son to be a doctor or a lawyer - the mother of the Google search engine (if she is Jewish) is probably very proud of it, because many people (for some reason) are certain that it is not only a doctor, a lawyer and an expert in almost everything, but it is also capable of writing a prenuptial agreements - a very complex topic that requires many years of training in many fields, but couples before marriage sometimes think that a search on the Internet can replace an experienced professional.
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An American manufacturer and a South African importer entered into an agreement to import the manufacturer's products to South Africa.
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Brazilian Jiu-Jitsu (BJJ) is a self-defense martial art developed in Brazil by the Gracie family which is well known for its emphasize on leverage, technique and strategy over brute force often referred to as “Human Chess”.
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A tender is an offer to the public to enter into a contract with the tender holder, when the person who meets the established criteria and offers the most suitable offer, wins the tender and contracts.
Latest Legal Updates
Apartments purchasers in a TAMA 38 project in Herzliya, received possession of the apartments over two years late. The purchasers moved to receive their statutory compensation from the shareholder in the entrepreneurial company by virtue of piercing the corporate veil and due personal liability as an officer, as the entrepreneurial company had no other activity...
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A company that deals in urban renewal included the words “Europe Israel” in its name, similar to another company that deals in the same field, and which CEO moved to the first company. The second company contended to a tort of passing off intended to ride on its reputation. The Court accepted the claim. Passing […]