Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeParticipation in managing a business is a necessary condition for recognizing a person as a partner, but it is not a sufficient one
Business, Corporate and Joint Ventures
Dispute Resolution
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. The Court held that there was a partnership between the parties and that there is a right to distribute some of the partnership’s assets. A partnership is the joint management […]
On (Employees) Stock Options and Divorces
High-Tech and Technology
Taxation and Government Incentives and Funding
Business, Corporate and Joint Ventures
Statistics indicates that more than a quarter of married couples in Israel will undergo a divorce. Some would say, like the well-known comedian Louis C.K., that marriage is just the preparation for the really good thing – the divorce. At the time of the divorce, the spouses’ assets are balanced and for this purpose each […]
If the leased property does not fit proper living conditions, a lessee may cancel the agreement but may not just avoid paying rent
Real Estate
Dispute Resolution
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. The Court accepted the lessor’s demand to evict the premises and held that it is not […]
In accordance with the Business Discretion Rule, there will be no judicial intervention with regard to wrong decisions that were duly received
High-Tech and Technology
Business, Corporate and Joint Ventures
Dispute Resolution
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. The Court rejected the claim and ruled that according to the Business Discretion Rule, business decisions received by a company […]
A salary that includes social rights negates the right to separate payment of such
Labor Law and Immigration
Dispute Resolution
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. The Labor Court rejected the […]
The process of obtaining Israeli status on the basis of marriage will not automatically be cancelled as a result of separation due to violence
Labor Law and Immigration
Dispute Resolution
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. The Supreme Court held […]
A guarantor shall be exempt if the creditor acted in bad faith or caused the expiration of another guarantee
Construction
Commercial, Banking and Financial
Business, Corporate and Joint Ventures
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 impotenciastop.com/. The project ran into difficulties and the lender chose to collect the debt from one of the […]
