Afik News 236 02.08.2017

Due to a disagreement purchasers of an apartment canceled the agreement by telephone and in a letter to the contracting company. The company did not sign the cancellation letter but sent an e-mail containing actions to be taken for the cancellation, including reports to the Tax Authority. Later, the purchaser sought to withdraw the cancellation […]

A shareholder of a public company moved the Court to approve a class action, contending that the misleading reports regarding experiments held by the company led to inflation of share price and the share price plummeted after the failure of the experiment. The Court rejected the motion and held that public investors are conducting transactions […]

An article about winning a case by Afik & Co., which serves as a receiver for apartments. The article was published on July 24, 2017, by Ella Levy-Weinrib in the Globes newspaper

An article in the Globes newspaper, jurnalist Gali Weinreb, on the sale for ILS 10.6 million of Insight Biopharmaceuticals to the Estonian company PharmaEstica Manufacturing and to its Israeli partner, Dr. Dobroslav Melamed. The purchasers were represented by attorneys Doron Afik and Yaniv Friedhof of Afik & Co..

An Israeli company filed a lawsuit against a Jordanian company in which it claimed that although no contract had been signed, the exchange of drafts between the parties constitutes a binding contract between them regarding a business venture to fly Muslim pilgrims from Israel to the Haj and Khadra festivals in the holy sites in […]

How would you react if a law would require a government license and supervision for possessing a computer or a cell phone? Legislation in many cases fails to adapt itself to the technological advancement and remains far behind. Thus, in Israel, an archaic legislation legislated to ensure that businesses will not sell their database, now […]

The Ashdod Cafe website has published on July 20th an article by Omri Barkan on copyright in the creation of start-ups

Alongside Bat Yam’s impressive opening scores, which include an attractive location, future union with the Tel Aviv municipality and sane prices, the city also shows signs of growth and renewal, which are reflected in an accelerated development of infrastructures, upgrading of the education system and flourishing of a diverse leisure culture. All these make Bat […]

An employee was terminated while pregnant without her employer knowing about the pregnancy. The next day, the employer withdrew her decision, but requested that the employee be transferred to another position at the same salary. The employee refused. The Labor Court held that the employer has the managerial prerogative to manage its enterprise as it […]

A purchaser of a used car from a car dealer was forced to repair the motor shortly thereafter and ‎contended that certain details were not disclosed to her. The purchaser sold the vehicle at a ‎significantly lower price than the purchase price and sued the dealer.‎ The Court held that misrepresentation at the time of […]

Employment of a minority shareholder was unilaterally terminated, his mobile phone disconnected, access to company servers blocked and company financial information refused. The controlling shareholder contended that the minority shareholder competed with the company. The Court accepted the claim and held that in a “closely-held company” there is a legitimate expectation of shareholders to jointly […]