Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeOn Yair Netanyahu and Infringement of Privacy
Commercial, Banking and Financial
Privacy, GDPR, Confidentiality and protection of reputation
Dispute Resolution
One morning you discover that the taxi driver who took you and several friends from a night out, recorded you talking about personal issues and published it on the Internet. There is no need to describe the embarrassment and aggravation caused, especially where the published personal information is not something you wished anyone to hear. […]
Any partner in a land may demand the dissolution of the partnership.
Real Estate
Dispute Resolution
Owners of rights in a lot on which an old house was built, with several cubicles serving together as a store, as well as a number of auxiliary buildings that serve as a warehouse for the same store, sought to dismantle the partnership in the land. The Court held that the land should be sold […]
A shareholder of a company that finished its business activity may not object to its liquidation
Business, Corporate and Joint Ventures
Dispute Resolution
After a dispute broke between two shareholders of a company, the 49% shareholder moved for its liquidation. The company held a franchise of a coffee shops chain but finished its activity after losing a concession for managing coffee shops in the Ben Gurion Airport. The shareholder contended that the majority holder deprived such shareholder from […]
BMBY is the ideal solution for separation in a company equally held by two
Business, Corporate and Joint Ventures
Domestic Relations
Dispute Resolution
A couple, each holding half of a company’s shares of 80 employees, had a dispute, which led to problematic behavior in the company, including the non-payment of salaries, dragging employees into a conflict of trust between the shareholders, damage to the company’s cash flow and bringing it up to the verge of a deficit despite […]
An employment agreement bettering the employee’s terms will be construed pursuant to the intent of the parties
Labor Law and Immigration
Dispute Resolution
A company that acquired another amended the employment agreements so that a manager that is dismissed or leaves due to material reduction of responsibility or position will be entitled to a grant. One of the managers quitted after he understood that there is an intent for a structural change, even though the company denied the […]
An anti-dilution clause will not ordinarily applied in the event of allotment of options to employees or officers
Mergers and Acquisitions
High-Tech and Technology
Commercial, Banking and Financial
Investors invested about USD 540,000 in a technology company that develops technologies in the field of cellular monitoring and positioning. The investment was made on the basis of representations regarding the company’s status and profit forecast, and they agreed inter alia, to a 12 months full-ratchet anti-dilution mechanism in any diluting allotment of shares or […]
A contract made for appearance sake only is void and establishes a right to restitution but a third party which acted in good faith will not be harmed
Commercial, Banking and Financial
Dispute Resolution
A fictitious transaction was signed between an employee and an employer, as if the employee sold an apartment to the employer who will take a mortgage on the apartment and the money will cover the employee’s mortgage obligations while the rest of the funds may be used by the employer for his own purposes. The […]
