Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeA claimant company will need to deposit security for costs unless it proves financial robustness
Business, Corporate and Joint Ventures
Dispute Resolution
A company filed a claim for payment for consulting services. The defendant argued that the company has no business activity and should thus be ordered to deposit a security for costs. The Court repeated the case law under which in principal a claimant company will need to deposit security for costs of the defendant unless […]
For a divorce asset balancing purposes valuation of employee stock options will take place only upon their exercise
Business, Corporate and Joint Ventures
Dispute Resolution
Commercial, Banking and Financial
An employee received employee stock options from the employer. When the employee got divorced it was held that the wife is entitled to half of the employee’s options received during the marriage as part of the marriage asset balancing, but the question arose as to how to value the options. The Court held that the […]
Special disclosure obligations applicable to sale of cars apply also to leasing transactions
Commercial, Banking and Financial
Dispute Resolution
A person entered into a long term leasing transaction of a used car from a company dealing with such business and later discovered that the car has certain issues that were not disclosed to him. The Court held that the claimant is to be compensated for his damage and held that a leasing transaction of […]
Ashdod Café published an article by advocate Shira Porat of Afik & Co. on Civil search warrant against an employee suspected of stealing trade secrets
Commercial, Banking and Financial
High-Tech and Technology
Labor Law and Immigration
Publication on 22 June 2017 of the article by Shira Zaken Porat, translated by Johana Ben Soussan, on theft of trade secrets in the company or how to apply for a civil search warrant against an employee suspected of Theft of trade secrets
Dismissal without prior notice and without a dismissal letter will lead to full payment of employee’s rights
Dispute Resolution
Labor Law and Immigration
An employee became ill and when returned to work discovered that another employee had been employed instead of her. The employee filed a claim on the grounds that she was dismissed immediately and without a hearing and demanded her full rights. The Labor Court held that the employer terminated the employee and the employee did […]
There is no validity to a general set of terms that were not disclosed to the other party upon entering an agreement
Commercial, Banking and Financial
Dispute Resolution
A person purchased a motorcycle with a buy-back option. When requested to exercise the option the vendor refused to do so on the grounds that the agreement is subject to a set of general rules restricting exercise of the option. The Court accepted the claim and held that it is not possible to introduce […]
Jerusalem Post: Purchasing an Apartment in Israel
International Transactions and Dispute Resolution
Real Estate
Article published on June 30, 2017, by the Jerusalem Post written by Attorneys Yair Aloni, Adv. and Johanna Ben Soussan (a French lawyer who works at Afik & Co., whose main practice areas are tax, immigration and commercial law).
Virtual Piercing of Corporate Veil
Business, Corporate and Joint Ventures
A well-known principal of corporate law is that between a company and its shareholders a corporate veil separates the legal personality of the corporation and the legal personality of the shareholders. However, the corporate veil is not hermetically sealed and where the corporation and the shareholders do not separate their activity torts may arise due […]
