Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeRatification of the Australia – Israel Tax Treaty and its entry into force on 01.01.2020
Taxation and Government Incentives and Funding
International Transactions and Dispute Resolution
The tax treaty between Australia and Israel was ratified by both the Israeli and Australian governments and will enter into force 01.01.2019. For more data see the article on the new Australia-Israel tax treaty and its meaning, by Paul Yoel Stephenson, (Australian) Adv. of Afik & Co. (www.afiklaw.com) and Robert Lissauer, (Australian) CPA of the […]
A waiver entered into under fraud or lack of good faith may not be binding
Commercial, Banking and Financial
Dispute Resolution
A dispute between siblings regarding ownership of companies and assets ended with a comprehensive settlement agreement which also included a wide waiver of claims, contentions and deamds, whether or not the known at such time. After signing the agreement, the sister contended to have rights to a particular real estate project because during the settlement […]
Approval of the general meeting for a transaction in conflict of interest does not cure a flaw in the board of directors’ approval
Business, Corporate and Joint Ventures
Dispute Resolution
A company dealing with cannabis growing required an infusion of funds and the board of directors accepted by majority of two against one an investment offer made by one of the directors, which included a change in control over the company and the cancellation of veto rights of the investors. The director who objected was […]
So what are my options
Business, Corporate and Joint Ventures
Labor Law and Immigration
Taxation and Government Incentives and Funding
So you succeeded in realizing “the Israeli dream” – you were hired by a high-tech company and are on the right path to “big money”. You arrive at your first day at work and received the standard new employee set of documents, including a “standard” employment contract, which also notes that you are entitled to […]
In a corporation in liquidation officers may be sued also for causes for which the statute of limitation passed prior to liquidation
Business, Corporate and Joint Ventures
Dispute Resolution
העליון: ככל שטרם הליך הפירוק לא נודעו עילות תביעה נגד מנהלים לאורגן שלא היה שותף לעוולה נגד התאגיד, גם עילה שהתיישנה עוד טרם הכניסה לפירוק ניתנת לתביעה
A property seller is obliged to check the condition of the property prior to the sale to avoid fraudulent inducement of the purchaser
Real Estate
Dispute Resolution
After purchasing a house, the purchasers discovered that part of the house was built without a building permit and therefore the transfer of rights to them cannot be recorded. The Court held that the sellers should compensate the purchasers for the discrepancy. Even if a property seller does not know of a discrepancy, because of […]
A notarial prenuptial agreement signed before the parties agreed to marry is terminated upon the marriage
Notarial Services
Domestic Relations
Notarial Prenups
Spouses signed a notarial prenuptial agreement that stipulated complete separation of property and also that property to be purchased will be owned by the party on whose name the property is registered. The agreement stipulated that it would remain in force even if the couple married. After a few years, the couple married and, among […]
Even when an agreement states that it may not be amended other than by a writing it may sometimes be amended by behavior
Commercial, Banking and Financial
Real Estate
Dispute Resolution
An owner of a commercial building executed an agreement for a long-term lease of a property for the purpose of opening a pharmacy and adjusting the property for that purpose. The agreement expressly stated that any amendment thereto will only be in writing. After discovering that a health clinic in the building is also opening […]
