Afik News 289 14.08.2019

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Legislative Updates

An employee may be terminated a short time before vesting of ESOP options if not done in order to avoid vesting

A controlling shareholder may be compelled to return funds received from a prohibited dividend distribution

A controlling shareholder might be personally liable for the corporate’s city tax debt if it keeps silent

The Customs Authority may reopen a tax appraisal within five years in case of private importing of a car

Exclusive distributorship does not grant the distributor a proprietary right to distribute

In some cases even an unsigned draft may be deemed binding

Afik News 288 31.07.2019

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August 27, 2019

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