Afik News 214 28.09.2016

Afik News 214 28.09.2016

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Legislative Updates

September 18, 2016

Issuance of shares under a crowdfunding process requires a prospectus

A company established an online investing platform by which an investor may invest in high-tech companies in the method of "crowdfunding...

August 8, 2016

Exemption from approval of restrictive agreement will continue even where market share increased by up to 10%‎

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...

September 4, 2016

A car trader who left the vehicle on its name may be liable for compensation in case of an accident

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 in full...

September 18, 2016

Use of a name similar to a trademark at the same business sector will be considered as trademark infringement and passing off

A person opened a fast food business with a name similar to a brand with a registered trademark...

September 4, 2016

Lessor cannot obligate one of two joint lessee to collect debts of the other

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 is done through private and secondary...

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