Articles42 found

An American manufacturer and a South African importer entered into an agreement to import the manufacturer’s products to South Africa. Following long negotiations, the last remaining issue was what to do in the event of a dispute. The parties agreed that a quick and inexpensive solution in a neutral jurisdiction is required and hence opted […]

An article on the application of principles of the Brazilian Jiu-Jitsu (BJJ) in the management of Court proceedings. The articles was written by Yair Aloni, Adv., a litigation partner in the office of Afik & Co. and a practitioner of BJJ since 2018.

An article by tax expert attorney Guy Hen as to a draft bill to change the manner of definition of residency in Israel

The signing of the Abraham Accords and the officialization of diplomatic relations between Israel and the United Arab Emirates meant that many Israelis have considered to operate in the Emirates, but in certain cases, situations may arise where such may encounter frustrating regulatory barriers, which stem mainly from a lack of familiarity with the regulatory […]

An article dealing with NFT and its new applications including for factoring transactions and real estate related transactions. The article was written by Doron Afik, Esq. of Afik & Co., lawyers and notaries

An article on taking a company public by a merger with a SPAC - the relatively new fashion on stock exchanges. The article was written by Tomer Horowitz, Adv. of Afik & Co.

An article on the issue of IPOing and Israeli company on a foreign market (e.g. in Australia, Singapore or Nasdaq Nordic) and whether to list the Israeli company or a special purpose vehicle (SPV).

A person about to undergo open heart surgery decides, so as to save money, to perform the surgery himself while facing a mirror. Sounds reasonable? Obviously not… So why when it comes to entering into international agreements would one purportedly “save” money by not seeking relevant jurisdictional legal advice and work with an appropriately qualified […]

For Israeli companies looking to commence or expand their overseas operations, Australia is land of opportunity and can serve as a gateway to doing business in the broader Asia-Pacific region and may even be a good spring-board to the American and the Commonwealth markets. Having decided to enter the Australian market, there are a number […]

In recent years, the insurance market has undergone a technological change, closing the gap between the old financial world and the new digital world, with its apps, services without humans and systemic technological changes in order improve and streamline ongoing work. Beyond the technological change, the change is primarily a change in perception, towards technological […]

When the Kangaroo Park at Nir David, an Israeli kibbutz by the Sea of the Galilee, wishes to order food for its residents, it can order it online without even knowing that the manufacturer operates out of Kingscote, South Australia – 13,000 Km southeast of the kibbutz. Nor is it aware that, when purchasing online, […]

Walking in Tel Aviv I saw on the pavement a sign in Hebrew and English noting that a motorcycle using the pedestrian zebra crossing is subject to a fined of ₪ 250. The sign was in Hebrew and English – the Hebrew using the currency mark but in English, as the letter combination is used, […]

In 2017 the Afik&Co. law firm took upon itself to promote the Israel-Australia trade relationship and join the amazing work done for decades by the Australia-Israel Chamber of Commerce. Afik & Co. does that in cooperation with Australian law firms and with Israeli and Australian accounting firms, including the national Australian law firm of Hall […]

The Israeli Prohibition on Money Laundering Law was enacted in 2000 and marked a new era in the State’s handling of money laundering. In the explanatory notes to the law, prior to its enactment, money laundering was defined as “an act in property, sometimes by means of the financial system, with the aim of inculcating […]

It is said that every story has three sides: your side, my side, and the truth. Sometimes transactions also have three different sides/stories: the story written in the agreement, the story the parties actually intended to write, and the story that the Court later decides to be the real story. Like any good novel (especially […]

The relationship between a client and a bank is sometimes similar to a relationship between a couple. At first there are smiles, promises, declarations, establishment of trust but with time comes the stage of routine in which each request from the other require persuasion. However, what happens when the partner – the bank – lost […]

In Avonwick v Shlosberg [2017] Ch 210, Mr Justice Arnold rejected the widely held assumption that a trustee-in-bankruptcy simply ‘stood in the shoes’ of the bankrupt as regards his rights of privilege and was free to waive the privilege for the purposes of the bankruptcy. As the Court of Appeal determined in upholding that decision, […]

The CRS agreement for the automatic exchange of information between the tax authorities, which is expected to be implemented in Israel soon, is intended to fuel the fight against black capital. As a result of the agreement, Israel is expected to automatically receive information about bank accounts held by residents of Israel from dozens of […]

New Labour law regulations of Macron’s government: overview of the most emblematic and challenged provisions The five ordinances n° 2017-1387 of 09/22/2017 of Macron’s government reforming the French Labour Code were published on 23 September 2017. Some of the voted measures immediately came into force but others require preliminary enforcement decrees announced by the end […]

When a car fuels at a gas station and “neglects” to pay, it is a debt of dozens of dollars at most and it is relatively easy to locate the vehicle owner and collect the money. In contrast, when a ship is refueling, the cost may reach hundreds of thousands of dollars, the payment is […]

Many erroneously believe that it is preferable to purchase a company’s activity in a transaction for company acquisition and not the corporate vehicle itself, thereby avoiding the risk of assuming company debts.  Because of this, many believe that it is possible to avoid transaction costs by a simple acquisition agreement without need for a comprehensive […]

Every entrepreneur understands that in order to facilitate the innovative project conjured by him he needs funding. How? From whom? and how much would it cost? These are the main questions that bother many entrepreneurs because their significance is acute in realizing the project and turning it from a “brilliant idea” into a successful start-up. […]

The owner of an international brand suddenly discovers that products bearing the name of the brand are distributed in Israel but such are fake products that were not produced by it or under license.  One may of course approach the authorities but such do not always conduct their duty in the required speed.  The brand […]

Parties to an agreement agree that a specific person is to serve as an arbitrator in any future disputes between them.  Upon a conflict, the parties turn to such person, but he refuses to take upon himself the position. By refusing to serve as an arbitrator has the arbitration clause expired? An arbitration agreement is […]