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July 13, 2022
The Judgment of Salomon and shareholders disputes
Business, Corporate and Joint Ventures
An article dealing with shareholders disputes and the authority of the Court to separate between the disputed parties. The article was written by Yair Aloni, Adv. of Afik & Co., lawyers and notaries
May 26, 2022
The is nothing like a good free legal opinion on the line to the doctor !
Commercial, Banking and Financial
Business, Corporate and Joint Ventures
Capital Markets and Stock Exchange Regulations
An article about the importance of legal advice from an experienced lawyer who knows all the facts and when a legal opinion will have any meaning at all. The article was written by Doron Afik, Esq. of Afik & Co., Attorneys and Notary.
May 9, 2022
On business judgement and corporate transaction approval mechanism
Business, Corporate and Joint Ventures
An article on the procedures required for approving transactions of interested parties in a company and the business judgement rule. The article was written by Adv. Shelly Wilner of Afik & Co.
January 16, 2022
Elementary, my dear Holmes!
Capital Markets and Stock Exchange Regulations
Mergers and Acquisitions
Business, Corporate and Joint Ventures
An article dealing with the issue of at what stage do ambitious presentations designed to bring investors to a start-up cross the line and become a criminal misrepresentation. The article was written by Doron Afik, Esq. of Afik & Co., Attorneys and Notary.
November 13, 2021
On James Bond and Official Receiver 2021 – The unsettling easiness of a financial murder in Israel
Business, Corporate and Joint Ventures
In June 2010, I published an article in the The Marker titled “The unsettling easiness of a financial murder in Israel” in which I compared James Bond, a killer in the name of the Queen, to the Israeli Official Receiver. The first deliberately eliminates enemies of the Kingdom and the second negligently eliminates businesses and […]
October 25, 2021
The Prince – 2021
Business, Corporate and Joint Ventures
An article dealing with The Representative Problem in companies, the need for corporate governance and to avoid personal responsibility and not allow non-senior executives in the company to negotiate on its behalf or negotiate without the assistance of a lawyer, especially when it comes to a public company
October 9, 2021
How about a “Go to Jail” agreement?
Competition
Business, Corporate and Joint Ventures
Criminal Law
An article on the liability of directors and officers to antitrust offences of the corporation
March 20, 2021
Hast thou killed, and also taken possession? If you are an officer and the company suffered no loss – all’s well
Business, Corporate and Joint Ventures
A company pays a 100 grand a month for cleaning services. The new CEO replaces the clean-up team with another service provider that charges only 75 grand a month, but “neglects” to disclose that the new service provider is his childhood friend. This is certainly a blunt breach of trust, but is the officer obligated […]
March 13, 2021
When the board does not issue a death warrant against my father but kills him
Business, Corporate and Joint Ventures
Public Law, Environment and Tenders
Parentage, Surrogacy and Adoption
My father – David Afik – passed away from Corona in December, 2020, although he never contracted the virus. My father was executed at the age of 86 under a death sentence imposed on him by the Israeli government, even though it never took a decision to kill him. Au Contraire, the death sentence was […]
February 20, 2021
So what if the waiver was fraudulently induced? You waived your rights!
Commercial, Banking and Financial
Business, Corporate and Joint Ventures
Labor Law and Immigration
An article on the question of whether a settlement agreement that includes a waiver of claims prevents the filing of a claim in a fraud case
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. The way to ensure this may be through a ‘control agreement’ or a ‘voting agreement’, in which the parties may undertake to agree between them on any vote before casting it. But then it may turn […]
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 […]
July 6, 2020
A Dirge for the Companies – In Every Generation they Rise up to Destroy Us
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
Business, Corporate and Joint Ventures
Lasting Power 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. So why are businesses and companies sometimes buried, inadvertently, together with their owners? For example, a high-tech entrepreneur and a major shareholder in a […]
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.” states the Book Deuteronomy, Chapter XIX. But what if the dead is […]
December 30, 2019
So what are my options
Business, Corporate and Joint Ventures
Labor Law and Immigration
Taxation and Government Incentives and Funding
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”. You arrive at your first day at work and received the standard new employee set of documents, including a “standard” employment contract, which also notes that you are entitled to […]
December 14, 2019
On Jabotinsky and the new national sport – personal claims against control holders
Business, Corporate and Joint Ventures
Dispute Resolution
An article in The Observer newspaper 5.5.1939 by Ze’ev Jabotinsky opens with the words: “Not every nation has its own national sport; and if there is, then the other nations soon come and learn it and immediately they start to play it, maybe better than the inventors themselves and by that it ceases to be […]
October 16, 2019
How to avoid being left out of the startup that you established
High-Tech and Technology
Business, Corporate and Joint Ventures
Mergers and Acquisitions
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. In a 2005 speech at the Stanford University, he was quoted saying: “How can you get fired from a company you started?” But Steve Jobs is not alone in the […]
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. In many cases, the company insured the officer, but the main disadvantage of insurance (even if the insurance company does accept its responsibility) is that sometimes the insurance […]
May 28, 2019
On how to save money on a partnership agreement and destroy the business
Business, Corporate and Joint Ventures
Dispute Resolution
So, you met with some friends or family members and decided to set up a business together. Due to the existing relationship between the parties, you decided to not formalise the transaction (which sometimes takes time and delays the start of activity) rather just to start activity. Without a proper agreement between the parties, or […]
April 5, 2019
On Alchemy (turning steel into gold), Cousins and Prime Ministers
Business, Corporate and Joint Ventures
Dispute Resolution
A person (e.g., Israeli Prime Minister Benjamin Netanyahu) invests a significant amount of Dollars in a “failed” American private company, with a significant discount on the share price, and after a few years sells his shares at a huge profit. In the same example, the Prime Minister (in an attempt to fight off public criticism) […]
February 9, 2019
The Economic Competition Law, Restrictive Arrangements and Prison Sentences
Competition
Business, Corporate and Joint Ventures
Criminal Law
A software company develops a successful product that allows easy payment by credit card and offers it to business owners. The provider of the accounting system to such businesses, however, in an attempt to prevent the software company from penetrating the market, makes it clear to the business owners that if they work with that […]
December 18, 2018
Employee Stock Option Plan – Nothing New Under the Sun
High-Tech and Technology
Taxation and Government Incentives and Funding
Business, Corporate and Joint Ventures
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 […]
October 8, 2018
On (Employees) Stock Options and Divorces
High-Tech and Technology
Taxation and Government Incentives and Funding
Business, Corporate and Joint Ventures
Statistics indicates that more than a quarter of married couples in Israel will undergo a divorce. Some would say, like the well-known comedian Louis C.K., that marriage is just the preparation for the really good thing – the divorce. At the time of the divorce, the spouses’ assets are balanced and for this purpose each […]
July 11, 2018
“Fresh Start” – Is a company bound by pre-incorporation agreements?
High-Tech and Technology
Business, Corporate and Joint Ventures
Labor Law and Immigration
Promises should be kept. However, what would you say of a new start-up whereby promises need not be kept? In the entrepreneurial world, it is customary for an entrepreneur to perform various actions on behalf of a company to be incorporated, even before its incorporation. Thus, for example, an entrepreneur would often hire employees, preform […]
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