Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeFinancing a corporate take-over by future dividends distribution is a legitimate transaction
Business, Corporate and Joint Ventures
Dispute Resolution
Motions were submitted for approval of a derivative action due to a board of directors resolution to approve the controlling shareholder to make future distributions of dividends to allow the controlling shareholder to finance the transaction for the taking over of the Company. The argument was that this is an extraordinary transaction with a […]
Law Update: Change of dates for filing declaration on purchase or sale of real estate / land association action
Real Estate
On December 21, 2016, the Economic Plan Bill (legislative amendments to implement the economic policy for fiscal years 2017 and 2018), 2016, was enacted by third reading amending Article 73 of the Income Tax Law which states, inter alia, the date for filing a declaration to the land taxation Administration. The amendment provides that […]
The tort of passing off requires does not require the existence of a registered trade mark
Dispute Resolution
Commercial, Banking and Financial
Copyright, Trademarks Media and Artists
A reputable dresses designer who received his special recognition on a unique dress design, moved the Court for an injunction against a company manufacturing the same dress design. The Court held that the tort of passing off does not require that the subject of the claim be a registered trade mark and it is only […]
A public company need not report rumors or unverified news items published by the media
Business, Corporate and Joint Ventures
Dispute Resolution
A motion to approve a class action was filed against a public company, arguing that the company had to report a suspicion of existence of a cartel in the company’s field of business, significantly effecting the entire market and particularly the profits of the company. The Court dismissed the motion and held that a public […]
Not any accident during a benefit activity of employees will be deemed a work accident
Labor Law and Immigration
Dispute Resolution
The National Labor Court held that the constitutional provisions of the Basic Law: An employer leased a football field for two hours a week as part of the benefits given to the employees outside working hours. During one of the games an employee was injured and moved to recognize the accident as an accident at […]
Avoidance from publishing proper pricing data is grounds for a class claim
Dispute Resolution
Commercial, Banking and Financial
A request to approve a class action was filed arguing non publicity of correct pricing and non-publicity of the option to purchase cheaper products. The Court held that the Israeli Consumer Protection Law prohibits any action that may mislead a consumer as to any material issue of a transaction, the price of the transaction being […]
How to save money incorporating a business (and pay dearly in the future)
Business, Corporate and Joint Ventures
Dispute Resolution
High-Tech and Technology
The phrase “I do not have enough money to buy cheap” is true in many cases, but certainly when establishing a company or a business enterprise. Many are “saving” money on a lawyer (whether by making the crucial step of setting up a business without an attorney or by making it with an attorney who […]
