Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeAn exclusive distribution agreement may be unilaterally terminated by a due prior notice without describing the grounds for the termination
Commercial, Banking and Financial
International Transactions and Dispute Resolution
Dispute Resolution
A Spanish manufacture and an Israeli distributor signed a short agreement that did not set any contract period and was terminated by the manufacturer after six years by a short message announcing that the agreement will be terminated in 6 months due to dissatisfaction with the distributor. The Court rejected the distributor’s claim. Exclusive distribution […]
In a closely held company it is more likely that the corporate veil will be pierced in case of employees’ rights
Business, Corporate and Joint Ventures
Labor Law and Immigration
Dispute Resolution
Electricians who worked as day laborers at a company dealing with industrial electricity works were summoned to the hearing and dismissed after a company customer suspected them of engaging in embezzlement at the customer. The employees demanded their wages and rights both from the employer company and from its shareholder and manager. The Labor Court […]
A claim of termination due to whistleblowing may only be raised within the 12 months following termination
Labor Law and Immigration
Dispute Resolution
An employee was called to a work meeting which was actually a termination hearing. Another hearing was scheduled after this meeting and thereafter the employee was terminated. Following the first hearing, the employee filed a complaint about company employees in Russia, alleging that they executed fictitious sales and later contended that he may not be […]
December 2019 New ASX Listing Rules Amendments
Capital Markets and Stock Exchange Regulations
The ASX has finalised its amendments to the ASX Listing Rules after considering the responses to its November 2018 consultation paper: “Simplifying, clarifying and enhancing the integrity and efficiency of the ASX listing rules”. For small cap “start up entities”, material additions and amendments to ASX Listing Rules, which take effect from 1 December 2019, […]
An agreement of an apartment purchaser who refuses to sign a “handover form” shall not be terminated if full consideration was paid
Real Estate
Dispute Resolution
A contractor demanded to terminate a contract with an apartment purchaser after such refused to sign a “handover form” during a handover of the apartment. The Court dismissed the claim and held that there are no grounds for termination of the contract with the purchaser. The obligation to handover possession of the apartment is the […]
When it comes to a closely-held company separation can be ordered even without deprivation
Business, Corporate and Joint Ventures
Dispute Resolution
A minority shareholder in a company managed as a partnership moved for separation due to lack of trust and to acquire its partner shares. The Court accepted the claim and held that the separation in the company will be by way of a forced purchase whereby the minority shareholder has the right to acquire the […]
A joint parenting order may be retroactive to the time of birth even if the motion is filed late
Parentage, Surrogacy and Adoption
Dispute Resolution
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 […]
