At the beginning of August, 2022, the "second step" of the law to reduce cash payments in Israel entered into effect, lowering the cash payment cap allowed in Israel for a business owner to merely ILS 6,000.
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.
Cryptocurrency, NFT and Web-3
European Law and Regulations
Mergers and Acquisitions
Business, Corporate and Joint Ventures
Commercial, Banking and Financial
Capital Markets and Stock Exchange Regulations
International Transactions and Dispute Resolution
Copyright, Trademarks Media and Artists
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
Public Law, Environment and Tenders
Our office represents a number of Israeli parties that export goods to the European market, including France.
As those who deal a lot with international activity, we are often required to establish an international company structure for Israeli clients who are interested, each for their own reasons, in managing their international activity indirectly through an Israeli company.
A person lives in England or any other country during his whole life and passes away in such country without any connection to Israel - family, social or otherwise.
An entrepreneur with a unique vision and knowledge offered his friend, a businessman, to invest money in a venture and the two set up a company jointly held and managed.
Although we have not yet reached the stage where you enter a supermarket and seek to purchase digital assets alongside food products, the developing NFT field is now enhancing into various fields and is currently used as a tool for factoring transactions and is now also reaching the real estate market.
Television has not yet replaced radio, Netflix has not yet killed cinemas, and while we can already hear the enthusiastic crypto mob arguing that smart contracts are the next generation of both commerce and law and will bring an end to the era of lawyers, it is worth to remember Sodom before pulling out the torches and pitchforks.
"HMO talks" is a name I gave many years ago to a situation where a client is accompanied by our firm, which builds for him a complete strategy of conduct (whether in commercial negotiations or a complex litigation process) and then, at the critical moment, the client comes up with novel ideas because "someone" told him that there is a better or more correct way.
The board of directors is the organ entrusted with making most of the on-going corporate decisions.
One of the great advantages of an arbitration proceeding is the ability to resolve complex disputes through a quick and efficient proceeding where the decision of a professional and skilled objective professional can end the dispute between the parties, without the need for lengthy and expensive legal proceedings in Court before a judge who does not necessarily understand the business aspects or the relevant language.
Confidentiality agreements are something that is signed as an aside in almost every initial business engagement, but sometimes there is no attention to detail and at some point it becomes clear that even if the confidentiality obligation has been breached, no compensation can be obtained at Court.
In 2009 a new and disruptive technology burst into our lives: Blockchain.
Latest Legal Updates
A shareholder of a company commenced voluntary liquidation of the company even though he knew that there was a debt to another company that provided services to the company in the amount of approximately ILS 200,000 which he failed to settle. The Court accepted the claim and held that the corporate veil is to be […]
A client filed a claim against Facebook in Herzliya, Israel for damages caused by Facebook due to poor service, but the rules of use states that any claim against Facebook must be governed under California law. The Supreme Court held that the governing law clause depriving Facebook’s consumers, including small businesses that purchased advertising services...