Afik News 234 05.07.2017

Afik News 234 05.07.2017


Legislative Updates

June 5, 2017

For a divorce asset balancing purposes valuation of employee stock options will take place only upon ‎their exercise

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...

June 22, 2017

‎‎‎‎‎‎‎‎‎‎A claimant company will need to deposit security for costs unless it proves financial robustness

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...

June 11, 2017

Special disclosure obligations applicable to sale of cars apply also to leasing transactions

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...

June 11, 2017

Dismissal without prior notice and without a dismissal letter will lead to full payment of employee’s ‎rights ‎

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...

June 12, 2017

There is no validity to a general set of terms that were not disclosed to the other party upon entering ‎an agreement

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...