Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeA director who did not prevent immigration offence by a company may be criminally liable
Business, Corporate and Joint Ventures
Labor Law and Immigration
Dispute Resolution
A company hired the services of a number of foreign workers without a legal permit and without issuing them insurance as required by law. The State indicted bot the company and the shareholder who was also a director. The Court found both the company and the director guilty. Officers of a company are obligated to […]
An employer who gave the employee illegible salary slips may be ordered to pay punitive damages
Labor Law and Immigration
Dispute Resolution
An employee contended that his former employer furnished him with salary slips that did not accurately reflect the terms of his salary but were full of date that made them illegible. The Labor Court ordered the employer to compensate by tens of thousands of shekels. Under law there is a duty to specify certain details […]
Startup entrepreneurs that discover that one of them brought intellectual property proprietary to another must report this to the owner
High-Tech and Technology
Mergers and Acquisitions
Business, Corporate and Joint Ventures
A researcher at the Technion and a number of others set up a business venture in virtual reality and augmented reality, in which the researcher and her daughter were to provide the technological basis, while the others were to provide the financial and administrative basis. The parties also agreed on salaries to be paid after […]
A contractor who provided services to the city without an agreement will not receive full compensation for his work
Public Law, Environment and Tenders
Dispute Resolution
A city refused to pay a contractor who supplied services to it, due to lack of a written agreement duly signed by the authorized signatories. The Court ordered the city to pay the contractor consideration for its work, but less than the expected contractual consideration. Services to a local authority require the existence of a […]
Removal of Entities from the ASX Official List
Capital Markets and Stock Exchange Regulations
The greatest fear of any listed company, especially one undergoing a period of distress, is being delisted prior to finalisation of a transaction that will ensure its re-listing. Such an outcome generally becomes the end point for the company, at least for its then current management, as I learnt in over 20 years of experience […]
A leassor may evacuate a leassee with who no agreement exists by a reasonable prior notice
Real Estate
Dispute Resolution
A company that provided port services for discharging chemicals from ships refused to evacuate a dedicated terminal that was allocated to it at the port, after 60 years of activity, despite the port’s demands to evacuate no later than 180 days. The Court ordered that the company is to evacuate the terminal and set a […]
