Afik News 253 28.03.2018

Afik News 253 28.03.2018


Legislative Updates

March 6, 2018

A shareholder in a company managed as a partnership does not have a right to be employed by the company but has the right to participate in the management

A shareholder of a company that was managed as a partnership was an employee and also a director of the company and was terminated both from the position as an employee and as a director. After termination the computer was taken from her and her access to the company's databases, including financial reports, and books and accounts, was blocked...

March 13, 2018

Lack of good faith of the debtor may cause cancellation of bankruptcy proceeding

Creditors in the bankruptcy process claimed that the debtors hide information about their income and live a rich and extravagant lifestyle despite the bankruptcy proceedings and therefore contended that the bankruptcy proceedings of the debtors should be canceled...

March 19, 2018

As of April 1, 2018, the working week in Israel is shortened to 42 work hours

On March 18, 2018, the Israeli Minister of Labor and Social Affairs, Chaim Katz, signed an extension order applicable to all employees, shortening the work week to 42 hours instead of 43 hours, resulting in a reduction of four hours every month. The changes will take effect on 01.04.18...

February 20, 2018

Denial of severance pay is an extreme remedy even if an employee was terminated due to larceny

An employee who was employed in a company that carried out deliveries for a factory was dismissed without prior notice or severance pay after he stole an item that was the property of the factory...

February 22, 2018

It is not possible to enforce a real estate transaction that signed after a previous transaction was unlawfully terminated

An apartment seller terminated on a Friday the sale transaction by a laconic letter based on non-payment of consideration on time, ignoring the requirement of the agreement to give a prior notice and on Saturday already sold the apartment to another purchaser...

February 7, 2018

Interpretation of tender terms must be such that a reasonable bidder could have understood at the time of submitting the bids

To a tender for parking violation enforcement systems three bidders filed offers, two of which met the threshold conditions, and was held the winner, when the municipality, the publisher of the tender, contended that it interprets the threshold conditions in a broad manner in order to allow as many offers as possible and to prevent a situation where only one proposal remains after applying the ...