Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeIn the absence of a non-competition agreement a partner may compete with the partnership once it is dissolved
Business, Corporate and Joint Ventures
Dispute Resolution
Four partners set up a website in the field of home planning and design, and one of whom brought the professional content, which derived from a printed newspaper that she had managed before the partnership was established. The partnership was dissolved due to the breach of the partnership agreement by the same partner and with […]
Non distribution of dividends may be deemed oppression of minority
Business, Corporate and Joint Ventures
Real Estate
Dispute Resolution
A company managed a swimming pool and at some point signed a combination deal in which it received 32 out of 204 apartments built on the ground, which it sold. The controlling shareholder purchased a considerable part of such apartments under favorable terms. After the sale of the remaining land, the company remained inactive, but […]
An employee might not be entitled to payment for overtime done on his own initiative
Labor Law and Immigration
Dispute Resolution
An employee demanded payment of overtime but the employer argued that the employee did not receive confirmation to work beyond the working hours. The Labor Court rejected the employee’s claim for payment of overtime. In order for an employee to be entitled to payment of overtime, the employee must obtain the approval of the employer […]
An obligation to grant an apartment as a gift may be cancelled if not yet recorded at the Land Registry
Notarial Services
Commercial, Banking and Financial
Domestic Relations
שלום ב"ש: הסכם ממון אינו מחייב ככזה ללא חתימת נוטריון או בית המשפט למשפחה; ניתן לבטל התחייבות למתן מתנה בתנאים מסוימים; מתנה במקרקעין שהסתיימה ברישום בטאבו לא ניתנת לביטול
On Banks, Anxiety and Money Laundering
Commercial, Banking and Financial
International Transactions and Dispute Resolution
Cryptocurrency, NFT and Web-3
The Israeli Prohibition on Money Laundering Law was enacted in 2000 and marked a new era in the State’s handling of money laundering. In the explanatory notes to the law, prior to its enactment, money laundering was defined as “an act in property, sometimes by means of the financial system, with the aim of inculcating […]
A lessee is required to pay rent even if could not use the property due to a fire
Real Estate
Dispute Resolution
A lessee refused to repair damages caused by fire and pay rent for the entire period in which the use was prevented. The Court ordered the lessee to pay rent for the entire period of the lease and also to cover the full expenses of the repairs in respect of the fire in the rented […]
One cannot contend that goods were faulty if the complaint was not raised immediately upon discovering it
Commercial, Banking and Financial
Dispute Resolution
A distributor of baby bottles and related products contracted with a factory to produce the products for it. At some point the distributor stopped paying, contending that it was offsetting damage caused by defective goods supplied over the years, and the supplier refused to continue supplying the goods. As a result, the distributor terminated the […]
