Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeMaterial information relating to a business that was concealed during the negotiations for its acquisition is grounds for canceling the transaction
Mergers and Acquisitions
Commercial, Banking and Financial
Dispute Resolution
A purchaser purchased a car wash business, immediately after receiving keys and possession of the property began to receive threats of his and family life from criminals in order to stop running the business. In the context of the threats, the criminals revealed that the seller was involved with them, a fact that was not […]
On Illegal Gaming, Commercial Lotteries and Mechir Lamishtaken
Criminal Law
Commercial, Banking and Financial
Such a scenario no one could have imagined. The Minister of Finance flagship project – “Buyer’s Price” (“Mechir Lamishtaken”) for the reduction of housing prices for young couples, is in fact illegal due to the fact that it did not receive a permit to conduct a lottery as required under Israeli law. How many years […]
Market distribution in participating in public tenders is a criminal offence also of the managers of the coordinating companies
Competition
Public Law, Environment and Tenders
Dispute Resolution
A number of companies that operated in the water meters market coordinated geographical distribution among the consumers’ market, regarding the production, installation, renovation and conversion of water meters. The coordination was reflected in the fact that they decided between them which company would approach which public tender. The Court held that the Restrictive Trade Practices […]
A creation of a hostile sexual environment in the workplace is considered sexual harassment and an employer must prevent it
Labor Law and Immigration
Dispute Resolution
A medical secretary worked for several years in a state-owned hospital under a senior doctor. During these years the doctor shared too much intimate information about his sexual activity, used to tell dirty jokes in her presence and offended her when he laughed and compared the secretary to a monkey. The secretary did not claim […]
Partnership and a right to part of its profits does not require a written agreement and the parties’ conduct may be sufficient to establish such relationship
Business, Corporate and Joint Ventures
Dispute Resolution
A software company contracted with a training company in order to cooperate in teaching courses. When the relationship ran aground, the software company claimed that the parties had formed a partnership and therefore it was entitled to half of the profits from the courses, while the training company claimed that it was entitled, at best, […]
A purchaser of an apartment may withdraw from negotiations even a day before the signing date as long as it is for reasonable grounds
Real Estate
Dispute Resolution
Potential purchasers of an apartment canceled a meeting that was set for the purpose of execution of the sale agreement one day before the set date, inter alia, because they wanted to reduce the transaction’s consideration. The Court held that in negotiations for the conclusion of a contract, one must act in an acceptable manner […]
An operating television set in a public place is not deemed a public performance of protected pieces or infringement of copyrights in them
Dispute Resolution
Copyright, Trademarks Media and Artists
Construction
A company involved in the production and broadcasting of sporting events sought compensation for copyright infringement after a business for fast food presented its broadcasts on a TV screen facing the street. The Court rejected the claim and held that the manner of recording and filming a sports event constitutes an original production that triggers […]