Afik News 267 10.10.2018

Afik News 267 10.10.2018


Legislative Updates

September 12, 2018

In accordance with the Business Discretion Rule, there will be no judicial intervention with regard to wrong decisions that were duly received

A company that tried to promote an electric vehicle project and raised huge sums from investors failed after a number of years of operation and the company's liquidators filed a claim against directors and officers...

September 4, 2018

Participation in managing a business is a necessary condition for recognizing a person as a partner, but it is not a sufficient one

Two family members ran a printing press together. When one of them asked to leave the business, the other refused to pay him any amount...

August 8, 2018

A guarantor shall be exempt if the creditor acted in bad faith or caused the expiration of another guarantee

Residents of a condominium established a company to carry out a building refurbishing project under Tama 38 regime. In order to finance the project, several loans were taken and all residents provided personal checks as a guarantee. The project ran into difficulties and the lender chose to collect the debt from one of the tenants...

September 16, 2018

A salary that includes social rights negates the right to separate payment of such

Three employees provided services to a German communications corporation in Israel for many years against an invoice but due to cuts and after a hearing, ended their employment. After the employment was terminated, the employees claimed that employer-employee relations were established and demanded social benefits, travel expenses and other rights...

September 13, 2018

The process of obtaining Israeli status on the basis of marriage will not automatically be cancelled as a result of separation due to violence

A foreign citizen married an Israeli and a few months after their daughter (who received Israeli citizenship at birth) was born, the couple decided to separate because of violence of the Israeli spouse. The Ministry of Interior refused to allow the mother to continue the process of obtaining Israeli citizenship...

September 17, 2018

If the leased property does not fit proper living conditions, a lessee may cancel the agreement but may not just avoid paying rent

A lessee did not pay rent and other payments by which he was liable (local taxes, water bill, etc.) on the grounds that he is entitled to offset such against repair expenses paid due to defects in the property...