Afik News 215 13.10.2016

Afik News 215 13.10.2016

Print
PDF

Legislative Updates

September 18, 2016

Purchase of a company in liquidation does protect from exposure due to past antitrust offences

 ...

October 4, 2016

A shareholders may personally file a claim if damage of the company is due to breach of a founders agreement

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...

September 14, 2016

A shareholders’ agreement does not create an employment right of action against the shareholders

Under a shareholder’s agreement one of the shareholders was to work at the company and receive a certain salary but received a lower salary due to the cash flow status of the company.  Dues to a shareholders dispute the employment was ceased and the shareholder sued the salary differences from the company and from the other shareholders...

September 14, 2016

One cannot dismiss an employee due to downsizing but at the same time ‎hire a new and more expensive employee

An employee’s employment was first limited and that the employee was dismissed, all due to downsizing but at the same time the employer hired a more expensive employee...

October 1, 2016

An employee threatening to cause damage to the company may be dismissed without prior notice or compensation

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...

September 21, 2016

A lessee is to return the asset to the lessor in good ‎condition and without damage other than normal wear and ‎tear

A lessee returned a property to the lessor after 10 years and with damage to the property...

Share