Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeUse of a name similar to a trademark at the same business sector will be considered as trademark infringement and passing off
Commercial, Banking and Financial
Dispute Resolution
Copyright, Trademarks Media and Artists
A person opened a fast food business with a name similar to a brand with a registered trademark. The Court held that to determine whether there is an infringement of a registered trademark one need show a deceptive similarity. To that end the Court will use auxiliary tests such as: sight, sound, kind, quality, clientele, […]
Civil search warrant against an employee suspected of stealing trade secrets
Labor Law and Immigration
Dispute Resolution
Commercial, Banking and Financial
An Employer summoned an employee to a hearing prior to termination. Moments after the termination the employee began working for a competitor. A Routine inspection revealed that prior to the hearing the employee entered an employer’s confidential database and passed it on to his computer at work, with a heavy suspicion that the employee sent […]
Lessor cannot obligate one of two joint lessee to collect debts of the other
Dispute Resolution
Real Estate
A dispute arose between two lessees, leasing an apartment divided to several residential units, with regard to unpaid electricity and water charges. The apartment was registered with the authorities under one tenant’s name, because the apartment is registered as a one residential unit, while the arrangement between the two lessees was that settling of accounts […]
The Financial Vulnerability of High Tech Executives
Commercial, Banking and Financial
“Older Americans’ number one fear about their retirement is that they won’t have enough money to afford retirement. 43% said their greatest fear about retirement was outliving their savings and investments, making that the top fear.”[1] As a financial planner and wealth manger focusing on high net-worth clients from the hi-tech sector, I was trying […]
Exemption from approval of restrictive agreement will continue even where market share increased by up to 10%
Business, Corporate and Joint Ventures
Competition
Commercial, Banking and Financial
The Israeli antitrust law is designed to prevent businesses from placing obstacles on the normal course of competition in the market. The law prohibits the existence of a cartel (or, “restrictive agreement”) which is defined as any kind of agreement limiting competition. Such an agreement need be pre-approved by the Antitrust Commissioner. In order to […]
Issuance of shares under a crowdfunding process requires a prospectus
Business, Corporate and Joint Ventures
Dispute Resolution
High-Tech and Technology
A company established an online investing platform by which an investor may invest in high-tech companies in the method of “crowdfunding”. The Court held that the company issues shares by way of crowdfunding which significantly jeopardizes the funds of the investors who purchase securities without existence of a prospectus to the public. Market to non-sophisticated […]
A car trader who left the vehicle on its name may be liable for compensation in case of an accident
Business, Corporate and Joint Ventures
Dispute Resolution
Commercial, Banking and Financial
A car hit a bicyclist. As the car was not insured Karnit (the State insurance fund) compensated and demand reimbursement, inter alia, from a car trader on which trading license the vehicle was registered. The trader argued that it sold the car in installments and thus the car remained registered on its name until payment […]