Afik News 118 23.01.2013

Legislative Updates

January 13, 2013

Exemption from a tender when contracting with service providers in a public authority will be granted only in special cases

January 7, 2013

Agency law will apply where an organ performs a legal action on behalf of a corporation towards a third party

January 16, 2013

A company is not obligated to distribute a dividend when there is no provision of regulations that determines this

December 11, 2012

The question of whether a tangible deterioration in the terms of the transaction entitles him to severance pay is a matter for judicial determination

January 10, 2013

Stipulation in a distribution agreement that prevents its cancellation except in the event of a breach that will be unenforceable

January 7, 2013

Linkage differentials and interest on a verse debt are also applicable when the execution of the judgment can be delayed