Afik News 260 04.07.2018

Afik News 260 04.07.2018


Legislative Updates

June 3, 2018

A casting vote will apply only in case of equality of votes

The shareholders' agreement in a company and the articles of association of the company set that the chairman of the board of directors has a "casting vote."  The chairman construed that as giving him an additional voice in any vote, even when there is no equality of votes...

May 25, 2018

One cannot receive details regarding a bank account of whom he cannot pierce the corporate veil against

An employee sought to receive bank statements of the person contended to have served as a manager in fact and beneficial owner of the employer company while filling his father's place after a medical condition worsened, and received company funds to his bank account...

June 6, 2018

Amounts set in an agreement include the VAT unless stated otherwise

As part of an agreement to provide consulting services to a commercial center, the consideration was a fixed amount plus the amount of a month lease for each lease to be signed. The consultant demanded that VAT be added to the amount of the one month's lease and that the amounts bear linkage and interest...

June 5, 2018

The Work and Rest Hours Law does not apply on a managerial position requiring a special measure of personal trust

A garage manager demanded payment of overtime...

June 21, 2018

An employee who has taken maternity leave may be dismissed if a request for her dismissal has been submitted a reasonable time before

An employer wanted to fire an employee but then she informed him that she was pregnant. The employer applied for a dismissal permit from the Ministry of Labor and Welfare, but until the decision was reached, the employee went on an early maternity leave...

May 1, 2018

Sellers who did not disclose to a purchaser contraction ‎deviations in the apartment are to compensate the purchaser

After completion of a purchase transaction, the purchaser discovered that there exist illegal additions built in the apartment purchased, which were not disclosed by the sellers during the negotiation stage...