Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeCompany officer whom did not receive company approval for a transaction in which he was in a conflict of interest will reimburse the company for all his gains
Business, Corporate and Joint Ventures
Dispute Resolution
International Transactions and Dispute Resolution
An office of an Israeli company held himself and through his brother and a friend shares of a Romanian company that served as the company’s middleman for transactions in Romania. The office contended that his registration as a shareholder was a mistake and that in fact he only lent money to the Romanian company and […]
Sheltered housing: Are you legally protected?
Real Estate
Article published on July, 28th, 2017, written by Yair Aloni, Adv. in Afik & Co. Law Firm
Where an apartment owner demands fixing of defects but to no avail it may fix the defects itself
Dispute Resolution
Real Estate
An apartment owner filed a claim requesting reimbursement from the contractor who built his apartment for expenses incurred in fixing defects in the purchased apartment after the contractor’s attempts to fix the defects failed and the apartment owner fixed the defects by himself, without first notifying the contractor. The Court accepted the claim and held […]
Summons for a hearing must include information about intention to terminate an employee and the reasons for it
Dispute Resolution
Labor Law and Immigration
An employee executed a fixed-term employment contract, which was extended from time to time. He was invited to a conversation with his direct manager who presented him with an unsatisfactory evaluation form. Following this, the employee announced that he intends to seek another position at the employer under another manager. A few days later, the […]
The Requirement of Good Faith in Labor Court Claims
Labor Law and Immigration
Dispute Resolution
As an office that represents employers in labor disputes we often encounter claims, the background of which is the employee’s belief that Labor Courts tend to favor employees and do not order payment of expenses in case of a rejection of a claim. Thus, Labor Courts are constantly facing frivolous claims, whether by employees or […]
In a set of agreement that are part of an M&A transaction if one agreement does not cancel the other both will be in force
Business, Corporate and Joint Ventures
Mergers and Acquisitions
Labor Law and Immigration
Two shareholders of the Company agreed on acquisition of the company by one of them and signed a frame agreement for the transaction, a share purchase agreement and an employment agreement under which the seller continues to be employed in the company. The frame agreement set that the employment will continue until the seller reaches […]
Cancellation of tender will be done in exceptional cases only even if the conditions of the tender are not sufficiently explicit
Public Law, Environment and Tenders
Dispute Resolution
Competition
The Israel Land Authority issued a tender to lease land for construction. The terms of the tender were unclear, in a manner that raises several ways of interpretation, each of which leading to a different outcome. In addition, among the bidders who participated were two groups that coordinated their offers so as to divide the […]
A new collective agreement anchors recuperation day pay on IL 378 per day
Labor Law and Immigration
On July 25, 2017, a collective bargaining agreement was executed between the Coordinating Bureau of the Economic Organizations and the Histadrut, according to which the amount of the recuperation pay will remain unchanged at ILS 378 per recuperation day, despite the increase in the Israeli price of living index over the past year. The recuperation […]
