Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
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Commercial, Banking and Financial
Dispute Resolution
Copyright, Trademarks Media and Artists
A man managed a website that compiled paid-for articles. Later, due to illness, he was unable to renew the domain registration in his name and others acquired the domain. The purchasers wrote articles on the same subjects, but in their own words. Moreover, when the new website was launched, due to an employee error, confusing […]
A bankrupt who failed to disclose a certain debt will not be relieved of such debt
Business, Corporate and Joint Ventures
Dispute Resolution
A person gave his friend a loan of ILS 320,000, with a promise from the friend that he would invest the money in transactions with the Ministry of Defense, which was expected to yield about 10-12.5%. The friend eventually went into bankruptcy proceedings, in which he did not declare the abovementioned loan, but when he […]
In a set of agreements, it is possible to learn about the intention of the parties from the previous agreementsנ
Commercial, Banking and Financial
Dispute Resolution
A landowner sold part of his land in a transaction at a net price. After about 11 years, a second agreement was executed in which the identity of the purchaser was changed, and after that, a third agreement was executed between the purchaser and the landowner, however, instead of a “net” transaction in which the […]
An agent may not represent the principal in legal proceedings without explicit authorization
Business, Corporate and Joint Ventures
Dispute Resolution
Within a share purchase agreement the seller remained, until completion of the transaction, a signatory and representative of the additional shareholder. Later he repudiated the transaction and even filed a claim, on behalf of the company, against the purchaser. The Court held that the shares were sold and the claim filed by the company is […]
Lasting Power of Attorney–A Legal Guiding Light for a Foggy Day
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
Lasting Power of Attorney
Wills and Estates
One of the fears that preoccupy many people is what will happen if, and when, one loses the ability to make decisions. Who would guide him through the fog? How can I ensure that my will be honored even when I am unable to express it anymore? The great uncertainty was settled by the Israeli […]
No need for prior notice for termination of a breached distribution agreement unless the supplier took its time to terminate it.
Commercial, Banking and Financial
Dispute Resolution
A distributor in Israel signed an exclusive distribution agreement with a German supplier for lighting products, to be valid for one year. The agreement was later extended by conduct but no other agreement was signed. On a visit to Israel, the supplier discovered that the distributor intends to sell its activity and wrote to the […]
A lessor is not entitled to demand monetary compensation as a condition for assigning the lease agreement to an alternative tenant
Real Estate
Dispute Resolution
A business lessor demanded, as precondition for change of lessees prior to the end of the rental period that the alternative lessee will agree to a 15% increase of rental fee and also doubling the amount of the guarantees. In addition, the lessor demanded compensations from the departing lessee of ILS 40,000. The Court enabled […]
