Afik News 209 20.07.2016

Afik News 209 20.07.2016

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Legislative Updates

June 26, 2016

The partner managing the partnership accounts has the burden of proof to show that the accounts are true and correct

Two companies entered into a joint venture with one of them managing the project and setting off amounts from the sum to be paid to the other.  The other moved the Court to order that accounts be given and following this to receive half of the projects proceeds other than amounts specifically agreed to be set off...
June 29, 2016

Transfer of activity to a new company may entitle the company warrant holders to compensation

An investment banker signed an agreement under which it is entitled also to warrants in the companies for which it worked to find investors.  The shareholders of the companies at some point incorporated a new company, transferred to it the activity of the companies and went public with such company.  The investment banker claimed to be entitled to exercise the warrants in the new public company...
June 2, 2016

‎‎An obscure waiver of rights under employees protective laws will not be ‎enforceable

An employee filed a claim for rights for the period of employment and its termination but the employer brought up a general waiver signed by the employee...
June 29, 2016

Texts describing manner of use of products may be copyrights protected

A company that sells its products through a website discovered that one of its distributors opened another website for marketing the same products using images and descriptions taken from the company's website...
June 2, 2016

Dismantling fixtures permanently connected items is a breach of an undertaking to sell the apartment in AS IS condition

An apartment purchaser discovered upon receiving possession that many items were taken by the sellers...
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