Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeA developer may make commercial use of facilities that were excluded from the joint property
Real Estate
Dispute Resolution
Purchasers of vacation apartments in a prestigious that included a pool, sauna and a gym discovered that the developer listed these as its property and not part of the common property, operates a Country Club project and insists on charging them entrance fees. The Court rejected the claim and held that the territories belonged to […]
Globes: Afik & Co. to appoint an Australian lawyer to work with Israeli companies IPOing on the ASX
Capital Markets and Stock Exchange Regulations
International Transactions and Dispute Resolution
Publication on the Globes, correspondent, Shiri Habib Waldhorn, reporting that Paul Stephenson joined Afik & Co. in order to handle issues in Australia, including IPOs
A company filing a claim will usually be required to deposit a guarantee for the expenses of the defendant
Business, Corporate and Joint Ventures
Dispute Resolution
An Israeli company provided commercial services to a foreign public company traded on the London Stock Exchange, which is currently engaged, among other things, in developing technologies related to the diamond online trading scene, as well as a software provider for projects related to the blockchain worlds. The company demanded a commission for fundraising carried […]
Lasting Power of Attorney– a Shield that Might Turn to a Double-Edged Sword
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
Commercial, Banking and Financial
Lasting Power of Attorney
An lasting power of attorney is an extremely important legal tool that enables an individual to ensure his life routine even when he is no longer competent, whether due to a disease, dementia, an accident or otherwise. A clear and simple formulation of preliminary instructions may prevent the need to move the Court in the […]
An option plan submitted to the Tax Authority and not disqualified within 90 days shall be deemed an approved plan
High-Tech and Technology
Labor Law and Immigration
Taxation and Government Incentives and Funding
A company submitted an option plan to the Tax Authority and received a formal confirmation of receipt. An employee of the company sought to exercise the right under the plan, but the Tax Authority refused to recognize the plan because it was not approved by it. The Court rejected the Tax Authority’s position and held […]
An employee may be entitled to compensation if not afforded a chair during work time and break time
Labor Law and Immigration
Dispute Resolution
A restaurant hostess was required to work long hours standing up without any possibility to sit, and the work area did not even have a chair on which she could sit during work time. The Court accepted the claim in part and held that the employee s entitled to compensation. Even if most of the […]
Consent to exclusive jurisdiction of a Court in a certain jurisdiction will usually be upheld in Israel
International Transactions and Dispute Resolution
An Israeli distributor engaged in a distribution agreement with a communications equipment supplier. The agreement contained a provision under which any dispute will be heard in a Court in Singapore only. The Court dismissed the claim filed in Israel. When parties reach a contractual agreement regarding foreign jurisdiction, the Court will uphold this agreement even […]
Cancellation of a material clause of a contract automatically cancels its sub articles
Commercial, Banking and Financial
Public Law, Environment and Tenders
Dispute Resolution
Contracting company won a tender to execute works and signed a contract with the company managing and auditing the tender on behalf of the state, based on a shelf contract (governmental contract). The contracting company demanded additional payment due to a price increase that occurred while executing the works, as the agreement between the parties […]
