Afik News 290 28.08.2019

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. The Customs Authority required to calculate the value of the transaction in accordance with the value of the products and not in accordance with the reduced price […]

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. With the 4th edition of such principals, published on February 2019, to apply as of January 2020, […]

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. The Court held that the parenting order will be retroactively applied as of the date of the minor’s birth. Two spouses, who […]

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. After the company made an exit of USD 200 million, the founder demanded that the waiver be revoked. The Court accepted the claim and ordered the […]

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. The Court obligated the company to deposit a security for the supplier’s expenses. The default is […]

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. Before final approval of the transaction, a third party submitted a slightly higher bid. The Supreme Court held that, despite the […]

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. The daughter contended, among other things, that the fact that her father was treated by a psychiatrist over the years shows that he was unfit to prepare the later will. […]

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. The Supreme Court held that the […]