Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeA “straw man” registered as a shareholder is personally liable for company’s city tax debt
Business, Corporate and Joint Ventures
Public Law, Environment and Tenders
Dispute Resolution
A company that ceased to operate left considerable city tax debts. The city demanded that the shareholder be personally liable for the company’s debt, but she contended to be a mere “straw man” and not the real shareholder in the company and thus should not be personally liable for company debts. The Court accepted the […]
Not any party injured by breach of agreement has a lien on the assets of the breaching party but a linkage to the assets is required
Commercial, Banking and Financial
Dispute Resolution
A lessee of a showroom for kitchen and related goods did not pay rent and the lessor, upon evacuation of the property after the lessee entered liquidation proceedings, refused to release the showroom equipment contending that it has a lien over the equipment. The Supreme Court held that the lessor has no lien of the […]
A trademark of a non-Israeli company with an international reputation may be protected in Israel even if not registered in Israel
Commercial, Banking and Financial
International Transactions and Dispute Resolution
Dispute Resolution
An Israeli company sought to use the trademark of a non-Israeli company with international reputation that with whom it has no connection or agreement, and registered a trade mark on the international company’s brand name. The international company, which is not active in Israel, demanded the cancellation of the registered trademark even though many years […]
The maritime carrier and the ship are discharged from all liability in respect of the goods unless suit is brought within one year
Maritime, Aviation and Transportation Law
Dispute Resolution
A trader imported to Israel corn from the Ukraine by ship and insured the goods with maritime insurance. The goods were damaged by a fire that broke in the ship and the insurance company paid part of the damage to the trader and filed a suit for such amount against the ship. The trader also […]
Managers of a company that was voluntarily liquidated will be personally liable for debts even if the company disputed such
Business, Corporate and Joint Ventures
Labor Law and Immigration
Dispute Resolution
A hired travel agent resigned after suffering humiliating treatment and the Labor Court held that she is entitled to severance pay even though she resigned. During the legal proceedings, the company entered into voluntary liquidation and shortly after the employee was awarded compensation in her proceedings against the company, the company was liquidated. The Court […]
The new Australia-Israel tax treaty – major boost to trade and co-operation
Capital Markets and Stock Exchange Regulations
Taxation and Government Incentives and Funding
International Transactions and Dispute Resolution
In 2017 the Afik&Co. law firm took upon itself to promote the Israel-Australia trade relationship and join the amazing work done for decades by the Australia-Israel Chamber of Commerce. Afik & Co. does that in cooperation with Australian law firms and with Israeli and Australian accounting firms, including the national Australian law firm of Hall […]
Abandoning an obligation to act to change a planning status of land may be deemed a breach of contract
Real Estate
Dispute Resolution
An owner of a land designated for hotels sold part of the rights in the land and the contract stipulated that the owner undertakes to act to change the planning status of the land in order to enable the building of vacation apartments and the contract was conditioned on approval of the change of the […]
