Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeLiability of shareholders for tax debts of the Company
Taxation and Government Incentives and Funding
Business, Corporate and Joint Ventures
Public Law, Environment and Tenders
A client of our firm, a German businessman, invested a large sum of money to purchase 40% of the shares of an Israeli company, but the investment was unsuccessful and the company closed down. A few years later, the businessman was surprised to receive a demand to pay the company’s city tax, even though the […]
An employer may disclose reasons for termination of an employee
Privacy, GDPR, Confidentiality and protection of reputation
Labor Law and Immigration
Dispute Resolution
An employee developed in his free time a project with a partner and actually offered it to the employer who refused the opportunity. The employee was called for a hearing because of a clause in the employment agreement forbidding any other activity without the written agreement of the employer and thereafter was terminated and his […]
User of facilities on the roof is required to pay lease to the owner of the rights in the roof
Business, Corporate and Joint Ventures
Dispute Resolution
Real Estate
A restaurant leased a property to which various facilities (such as a chimney) were connected and are, inter alia, on the roof of the building in an area that is not owned by the lessor. The restaurant refused to pay usage fees in respect of the use in the roof area, arguing that the facilities […]
One may make service of process in a shareholders’ dispute to the representative of the shareholder to the shareholders meeting
Business, Corporate and Joint Ventures
International Transactions and Dispute Resolution
Dispute Resolution
A company’s shares were held by an Israeli company and two Chinese companies. The Israeli company opened a shareholders’ dispute against the Chinese companies and made service of process to one of them by handing it to a representative who came to Israel to visit the company offices and participate in the shareholders meeting as […]
A distributor may sell in the local market the goods that remained with it at the end of the distribution agreement
Commercial, Banking and Financial
International Transactions and Dispute Resolution
Business, Corporate and Joint Ventures
A company acted as a distributor of Beluga Vodka for Israel’s duty-free shops only, and for this purpose purchased goods at a price 5% lower than the one purchased by Beluga’s exclusive distributor in Israel. After the distribution agreement was terminated by the manufacturer, the manufacturer moved the Court for an injunction preventing the distributor […]
A founders agreement defining responsibilities of shareholders in the company may be terminated if a party did not fulfill its responsibility
Business, Corporate and Joint Ventures
Mergers and Acquisitions
Dispute Resolution
Two friends, a business man and a fashion designer, established a business for sale and lease of evening dresses and bridal gowns and executed a founders agreement under which the businessman was in charge of all the administrative and economic aspect of the business and the designer was in charge of all the designing and […]
A significant delay in filing a libel claim can indicate that things never happened
Dispute Resolution
Commercial, Banking and Financial
Privacy, GDPR, Confidentiality and protection of reputation
A dispute between two people assault led to a battery, followed by an e-mail about the incident sent to several recipients. The assailant contended that this was a defamatory e-mail message, while the other party contended that it was a credible and factual record of the incident. The Court rejected the claim and held that […]
