Afik News 244 22.11.2017

Afik News 244 22.11.2017


Legislative Updates

November 2, 2017

A minority oppression claim may be filed by a person who is not registered as a shareholder

Three partners set up a company to provide tourism services to business corporations. The parties executed an agreement whereby half of the company's shares will be held via a corporation held by the two partners, while the third partner will hold the remainder of the shares. One of the partners filed a claim to remove oppression...

September 28, 2017

A company will not be indicted for criminal offences of a target company prior to a merger

An indictment was made against a company and its officers for violations of environmental laws and acts of water pollution carried out. The polluting company was merged into another company and the indictment was made against the merged company (and not against the polluting company which was cancelled as part of the merger...

November 1, 2017

A manager who publishes a defaming notice against an employee will be personally liable even if did so as manager of the company

A company that provides computer support services provided services to Coca Cola. An employee of the company set up a competing business while working and left the company taking Coca-Cola as a customer. The company sought to enforce the non-compete clause in the employment agreement in which the employee undertook not to engage with company clients for 3 years of the termination of employment, ...

November 9, 2017

Copyright infringement exists from the existence of illegal copies and one need no execute a transaction therein

A bookstore held illegal copies of textbooks, but contended that it did not sell them...

November 2, 2017

A land combination deal that expired may be cancelled and the contractor may not demand to pay compensation instead of the cancellation

A landowner signed a combination deal with a contractor, according to which the contractor had to commence building the project within 5 years. Ten years later, the contractor refused to delete a cautionary note that had been recorded in his favor, and offered to pay instead of canceling the agreement the compensation stipulated in the agreement in case of a delay in execution...

October 15, 2017

‎‎‎‎‎‎‎‎A tender Bidder’s claims not presented in real time before the tenders committee will be rejected

A bidder in a sought to disqualify the winning bidder, contending that it has substantial evidence to prove price-fixing prohibited under the Antitrust Law...