Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeA lessee is to return the asset to the lessor in good condition and without damage other than normal wear and tear
Real Estate
Dispute Resolution
A lessee returned a property to the lessor after 10 years and with damage to the property. The Court held that one must examine the damage to the leased property under the law and the provisions of the agreement. As far as the damage is reasonable wear and tear the lessor is responsible for it […]
An employee threatening to cause damage to the company may be dismissed without prior notice or compensation
Dispute Resolution
Business, Corporate and Joint Ventures
Labor Law and Immigration
In a shareholders dispute one of the shareholders who also worked in the company notified a third party with whom the company was in contact on the dispute. The company dismissed the shareholder from his position. In the shareholders dispute the Court held that notifying the third party with whom the company was negotiating of […]
Validity of a Contract made for Appearance Sake Only
Taxation and Government Incentives and Funding
Business, Corporate and Joint Ventures
Dispute Resolution
An Israeli company wished to penetrate the European market and for that purpose contracted a Belgian company and agreed on fees for such services. However, because at that time one was entitled to receive state incentives by way of reimbursement of rental expenses and office expenses, the parties signed an agreement for the lease of […]
A shareholders may personally file a claim if damage of the company is due to breach of a founders agreement
Business, Corporate and Joint Ventures
Mergers and Acquisitions
Dispute Resolution
An investor who already invested USD 1.3 million in a company sought to terminated the agreement and other remedies due to breach of representations and warranties and sought to attach temporary liens during the claim. The defendants argued, inter alia, that if there is a right of claim against them it is to the company. […]
One cannot dismiss an employee due to downsizing but at the same time hire a new and more expensive employee
Labor Law and Immigration
Dispute Resolution
עבודה ירושלים: צמצום משרת עובד באופן חד צדדי וקבלת עובד חדש בשכר גבוה משמעותית משכרו של העובד, בזמן טענה לצמצומים בחברה, תזכה עובד בפיצויים
A shareholders’ agreement does not create an employment right of action against the shareholders
Business, Corporate and Joint Ventures
Labor Law and Immigration
Dispute Resolution
עבודה ת"א: בעל מניות או דירקטור עשוי להיחשב גם לשכיר של החברה; הסכם בעלי מניות הקובע העסקה של בעל מניות לא יוצר עילה בדיני עבודה נגד בעלי המניות האחרים; עבודה בשכר מופחת במשך שנים מהווה הסכמה לשכר המופחת
Purchase of a company in liquidation does protect from exposure due to past antitrust offences
Business, Corporate and Joint Ventures
Dispute Resolution
Competition
In liquidation proceeding of a company all its shares and activity were purchased with the approval of the Court. Several months later the Antitrust Authority held a hearing to the new owner for antitrust offences suspected to have been conducted 5 years prior to the liquidation proceedings and the purchase of the company within […]
Afik & Co. 2016 award winner of International Advisory Experts Awards Magazine of Legal Winners Guide
Mergers and Acquisitions
On September, 2016, International Advisory Experts Awards Magazine of Legal Winners Guide of 2016 was published in which Afik & Co. was for Excellence in Mergers & Acquisitions in Israel for year 2016.
The publication may also be found in the following link:
https://issuu.com/internationaladvisoryexperts/docs/iae_awards_magazine_/c/smth
