Afik News 276 13.02.2019

Afik News 276 13.02.2019


Legislative Updates

January 10, 2019

An active manager in a company that entered liquidation may be personally liable for all its debts

A liquidator of a food marketing company demanded that a manager and shareholder in the company pay the company over ILS 11 million, which he claimed to have been withdrawn for a transaction entered into to save the company and before the company collapsed...

January 17, 2019

Setting of options expiration date in an option agreement will trump over the language of the employees stock option plan

A Company's employee stock options plan set that options expire 90 days after termination of employment, but an employee of the company contended that his options did not expire because the option allocation agreement set a date that is 10 years after signing the agreement. Another employee who demanded to exercise the options despite the lapse of time, his expiration date was 5 years after ...

January 4, 2019

Deposit of clients funds into the company’s regular account may result in personal liability to managers

A company that provided car sale services entered liquidation proceedings and did not pay the owner of the sold vehicles the proceeds of the sale. The owner demanded the money personally from the company manager...

September 16, 2018

A company is responsible for preventing sexual harassment also by a shareholder of a related company

An employee was sexually harassed by a shareholder in a subsidiary of the company in which she was employed. The company miserably investigated the employee's complaint and diminished her status in the company until her resignation...

January 23, 2019

A passenger is to arrive on time to the gate itself and delay for reasons related to the passenger is his responsibility

A passenger flew from Israel to Istanbul and was due to take a continuing flight to Delhi. The connecting flight was to take off at 19:45. The passenger arrived at the gate at 19:15, and seeing that there was a long queue, sat down to read emails on his laptop. Fifteen minutes later, at 19:30, the passenger sought to board the plane but was told that the gate is closed and that he missed the ...

January 23, 2019

Non-eviction of a squatter for years does not prevent withdrawal of the created implicit license

A family lived on a public land for close to 50 years until the government decided to demand their eviction...