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October 3, 2020
Corporate control agreements – cooperation or coercion?
Business, Corporate and Joint Ventures
Two entrepreneurs incorporated a company and want to ensure their control over it even after the entry of investors.
August 23, 2020
Who wants to volunteer to be personally liable for debts of an NGO?
Business, Corporate and Joint Ventures
A person volunteers to be a member of an NGO or even more - to participate in the actual management of the NGO by sitting in its board - and one fine day receives a statement of claim from an employee of the NGO demanding him to be personaly liable for pension funds to which she is entitled, after such were not transferred by the NGO to the pension fund due to the NGO’s financial difficulties (similar to many NGOs).
July 6, 2020
A Dirge for the Companies – In Every Generation they Rise up to Destroy Us
Intergenerational Transfer (Trusts, Estates and Lasting Powers of Attorney)
If in the past it was customary to bury a man along together with animals and much property to support him in the afterlife, today this practice is less than acceptable.
February 8, 2020
On Necromancy and Claims against Managers of a Company in Liquidation
Business, Corporate and Joint Ventures
"10 Let no one be found among you who sacrifices their son or daughter in the fire, who practices divination or sorcery, interprets omens, engages in witchcraft, 11 or casts spells, or who is a medium or spiritist or who consults the dead.
December 30, 2019
So what are my options
Business, Corporate and Joint Ventures
So you succeeded in realizing “the Israeli dream” - you were hired by a high-tech company and are on the right path to "big money".
December 14, 2019
On Jabotinsky and the new national sport – personal claims against control holders
Business, Corporate and Joint Ventures
An article in The Observer newspaper 5.
October 16, 2019
How to avoid being left out of the startup that you established
High-Tech and Technology
Steve Jobs, the brilliant mind behind Apple, who founded the company from his parents’ garage, was removed from his position in the company in 1985.
July 2, 2019
Not any Indemnification Letter Actually does the Work
Business, Corporate and Joint Ventures
Recently we see more and more cases of directors and officers who find themselves at the center of legal proceedings against the companies in which they serve.
May 28, 2019
On how to save money on a partnership agreement and destroy the business
Business, Corporate and Joint Ventures
So, you met with some friends or family members and decided to set up a business together.
April 5, 2019
On Alchemy (turning steel into gold), Cousins and Prime Ministers
Business, Corporate and Joint Ventures
A person (e.
February 9, 2019
The Economic Competition Law, Restrictive Arrangements and Prison Sentences
Competition
A software company develops a successful product that allows easy payment by credit card and offers it to business owners.
December 18, 2018
Employee Stock Option Plan – Nothing New Under the Sun
High-Tech and Technology
Every employee in the high-tech industry (and these days also in other sectors of the economy) knows the term "ESOP" and often start-ups, with the aim of saving legal costs, also create an employee stock option plan and option grant agreements instead of salary (or as part of the salary) without first consulting a lawyer and an accountant who are knowledgeable in the field.
October 8, 2018
On (Employees) Stock Options and Divorces
High-Tech and Technology
Statistics indicates that more than a quarter of married couples in Israel will undergo a divorce.
July 11, 2018
“Fresh Start” – Is a company bound by pre-incorporation agreements?
High-Tech and Technology
Promises should be kept.
July 3, 2018
Set-Off Right against a Company in Liquidation
Commercial, Banking and Financial
Trade relations between two companies take place, in which they offset one another's debts on a regular basis and transfer only the difference.
December 4, 2017
Valuation of ordinary shares and preferred shares by using OPM method (Option Pricing Method)
Business, Corporate and Joint Ventures
In order to evaluate the value of holdings in the Company's share capital, for purposes of sale, taxation, revaluation in the financial statements and other needs, we often find companies with a capital structure consisting of various types of shares with different rights on their holders.
November 21, 2017
Declaration of beneficial owners: a new declaration obligation since 1 August 2017
European Law
Civil or commercial companies, EIG, branches of foreign companies and more generally all entities that are registered in the Register of Commerce and Companies (RCS) must now report to the RCS information concerning their beneficial owner(s).
November 21, 2017
Indemnification Letter for Officers and Directors
Business, Corporate and Joint Ventures
In recent years there has been a trend of increase of liability of directors and officers of companies in respect of acts performed by the company.
November 6, 2017
Liability of shareholders for tax debts of the Company
Taxation and Government Incentives and Funding
A client of our firm, a German businessman, invested a large sum of money to purchase 40% of the shares of an Israeli company, but the investment was unsuccessful and the company closed down.
September 25, 2017
All (shareholders in) Israel Are Responsible for One Another?
Business, Corporate and Joint Ventures
A basic principle of corporate law is that a company is generally of limited liability, meaning that the liability of the shareholders is limited to the amount that each undertook to invest in exchange for its shares and a shareholder may not be sued for debts of the company.
July 19, 2017
Liability of purchaser of Company assets for past liabilities
International Transactions and Dispute Resolution
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.
July 5, 2017
Virtual Piercing of Corporate Veil
Business, Corporate and Joint Ventures
A well-known principal of corporate law is that between a company and its shareholders a corporate veil separates the legal personality of the corporation and the legal personality of the shareholders.
April 12, 2017
Money from the State? Sounds Chinese to Me
High-Tech and Technology
Every entrepreneur understands that in order to facilitate the innovative project conjured by him he needs funding.
February 1, 2017
The friend with whom I planned to established a start-up did it by himself. Can he?
Business, Corporate and Joint Ventures
Three friends developed an idea for a new venture and began formulating a business plan, a concept, logo etc.
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