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A controlling shareholder might be personally liable for the corporate’s city tax debt if it keeps silent
A local authority demanded that a shareholder will be personally liable for the company's property tax debt after the company entered liquidation.
Exclusive distributorship does not grant the distributor a proprietary right to distribute
An exclusive distributor received a notice of termination from the manufacturer, after 34 years of distributing and marketing the manufacturer’s products.
The Customs Authority may reopen a tax appraisal within five years in case of private importing of a car
A person made a personal import from Germany of a Mercedes S350 L car and stated to the customs authorities, under the import license, that he purchased the vehicle in Germany at a certain price and even attached a tax invoice to prove the amount.
In a contract, hope for the best, anticipate the worst
You leased out a house for two years but after a year your tenant notified you that he does not intend to pay the future payments.
In some cases even an unsigned draft may be deemed binding
Purchasers and a seller of a real estate asset exchanged 15 draft agreements until they reached a document headed “Final Draft” and noting a date for execution.
An employee may be terminated a short time before vesting of ESOP options if not done in order to avoid vesting
An employee was terminated as part of the re-organization of a business but contended that the hearing before termination was brief and not exhaustive.
A controlling shareholder may be compelled to return funds received from a prohibited dividend distribution
ILS 355M, ILS 113M of which derived from profits created by a change in the company's accounting policy and not by operational profits.