Civil Case (Tel Aviv) 62482-12-19 Toby Peretz v. Adi Leibowitz - part 30

An article on the importance of preparing a company for a situation where the founder, senior executives, and shareholders (especially in a closely-held company) may become incapacitated, including through a continuing power of attorney, a will, amending the articles of association, and shareholders' agreements. The article was written by Adv. Osnat Nitay of Afik & Co.

An article by the law firm Simeonov & Dermendjiev (the Bulgarian sister firm of Afik & Co.) on corporate asset stripping and managerial liability: The article examines Bulgarian jurisprudence on whether a company can void bad-faith transactions executed by its managers to siphon assets, relying on contract law principles. The core argument is that "organic representation" should not grant immunity, and companies must be allowed to cancel immoral deals made in collusion with third parties to prevent the legalized theft of their assets.

Here is the translation of the provided legal text into English, Spanish, French, and Portuguese (Brazil). The text has been formatted to highlight key legal principles and make it highly readable. English Liability of Office Holders for the Tort of Causing a Breach of Company Contract When a company is a party to a contract […]

Imagine the following situation: your spouse’s business needs a financial boost, and they ask you to join as a borrower or guarantor for a non-bank loan.  While they promise that everything is under control – leading you to arrive at a lawyer’s office, sign a stack of documents within minutes, and go on your way […]