Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
Subscribe A car trader need disclose to a purchaser also issues in the engine and any other material issue and not only physical damages
Commercial, Banking and Financial
Dispute Resolution
שלום נתניה: כלל "יזהר הקונה" לא חל במכירה על ידי מוכר מקצועי ונדרש גילוי אקטיבי; חוק מכירת רכב משומש לא יוצר אחריות אישית לדירקטורים ונושאי משרה.
Completion of Details in a Tender Bid
Public Law, Environment and Tenders
The omission of a detail or a document in the submission of a bid for a tender may be considered a defect in the proposal. Does this constitute grounds for disqualification of a bid? Under which conditions may the bidder amend the mistake and complete the missing documents? It is well known that the principle […]
It is possible to assign a right of claim of a company in liquidation to some of its shareholders if it is for the benefit of the company
Business, Corporate and Joint Ventures
Dispute Resolution
Minority shareholders of a company in liquidation sought to receive the right of claim of the company against the majority shareholders. The Supreme Court held that a decision regarding assignment of right of claim is at the discretion of the liquidator, based on the economic logic underlying the decision and examining a variety of additional […]
Non-recording of a lien in the Companies Registrar will render it invalid vis-à-vis third parties
Business, Corporate and Joint Ventures
Commercial, Banking and Financial
Dispute Resolution
מחוזי חיפה: חברה חייבת לרשום שעבודים תוך 21 יום ואלה בטלים כלפי צד שלישי אם לא נרשמו ברשם החברות אף אם נרשמו במרשם אחר.
Any party may withdraw from an agreement reached in mediation until the agreement was approved by the Court
Dispute Resolution
Real Estate
Parties to a real estate partnership liquidation claim conducted mediation proceedings before a mediator and reached a mediation agreement according to which the rights of one of the parties will be sold to the other party for a sum written in the agreement and the seller will transfer to the accountant appointed by the mediator […]
Afik & Co. 2017 award winner of Corporate LiveWire magazine by Fenice Media Ltd.
International Transactions and Dispute Resolution
Mergers and Acquisitions
On 4th September 2017, Corporate LiveWire’s 2017 Legal Awards’ Winners Guide was published in which Afik & Co. was chosen by the Corporate LiveWire magazine http://www.corporatelivewire.com)
Avoiding a middleman so as to circumvent a right of the middleman to fees creates a right to fees
Commercial, Banking and Financial
Dispute Resolution
Mergers and Acquisitions
A middleman brought together two companies to examine the possibility of a transaction for sale of assets of one of them. The transaction fell through but seven months later the purchaser approached the seller and offered to purchase some of the assts. The negotiation was successful and an agreement was executed but without involvement of […]
Even if a person did demand usage fees for his apartment the heirs may demand as of the date of demise
Dispute Resolution
Real Estate
שלום ת"א: המנעות מגביית דמי שימוש בזמן רב עלולה להיחשב כויתור על זכויות; יורשים רשאים לדרוש דמי שימוש החל ממועד מות המוריש גם אם המוריש לא דרש זאת בחייו
