Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and NotarySubscribe
A joint parenting order may be retroactive to the time of birth even if the motion is filed late
Nearly three years after a son was born from a sperm donation to a couple, they sought a parenting order to recognize both, and not just the biological mother, as the minor's mothers.
When there is economic reasoning behind a reduced price of goods, customs fees will be calculated according to the price paid
Cellular operator purchased cell phones and imported them to Israel while some of the devices were purchased, for promotional and spare parts, at a reduced or free cost.
Only in rare cases a company filing a claim will not be required to deposit a security for defendant’s expenses
A manufacturing company discovered a defect in the products at the end of the manufacturing process and contended that this could only be caused by a defective raw material and such raw material was purchased from only one supplier.
A commercial that uses parody to criticize a commercial of a competitor does not constitute copyright infringement
A coffee brand manufacturer employed a double of an actor identified with the competing brand and in the commercial itself such actor is presented leaving a shop designed as the shops of the competitor and it is specifically written that such actor is not the presentor of the competitor.
Looming deadline for ASX new corporate governance rules
Each ASX listed entity is required to include in its annual financial report a corporate governance statement stating that it complies with the Corporate Governance Principles and Recommendations published by the ASX, or explains why it does not.
A waiver of rights in a company may not be enforceable
One of the founders of a startup company was persuaded by the other founders to sign a document whereby he waived his rights to his shares in the company.
A will shall be valid if the testator was mentally capable even if the testator suffered from periods of mental issues
A 70-year-old man passed away leaving a will in which he canceled a previous will prepared seven years earlier and disinherited one of his daughters.
When selling land in a receivership process additional bids may be submitted even after a bid won
A Purchaser won a bidding process to purchase land and transferred 60% of the payment after Court approval of the transaction, although the Court held that the Execution Office Registrar must also approve it.