Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeReminder to pay annual Companies Registrar fee
Business, Corporate and Joint Ventures
Taxation and Government Incentives and Funding
As every year, an annual fee must be paid to the Registrar of Companies. Failure to pay the fee by March 31, 2020, will result in overpayment and risk of being considered a company not in good standing. Under the regulations issued 01.01.2020, payment of the annual fee until 31.3.2020, entitles to a discount – […]
A personal mobile phone is usually not considered a database that requires registration and may be publicly viewed
Commercial, Banking and Financial
Dispute Resolution
An Association demanded to publish the content of the personal phone of former head of the Bar Association, Adv. Effi Naveh, a suspect under criminal investigations. The Court did not authorize publication of the content of the personal mobile phone. Information stored on a person’s mobile phone does not count as a database and even […]
Read IT Now: Claim filed by Israeli company attacked by Ransomware
High-Tech and Technology
Dispute Resolution
Read IT Now: Publication of a lawsuit filed by the Afik & Co. (www.afiklaw.com), attorneys Doron Afik and Yair Aloni, against a computer services provider on behalf of a customer whose database was compromised by a ransom virus.
A parental order in Israel will not be granted retroactively to a date before the surrogate parent’s relationship was severed
Parentage, Surrogacy and Adoption
Dispute Resolution
Two married men entered into an embryo-carrying agreement with a U.S. citizen according to which two babies were born and two weeks later received a verdict in Minnesota, according to which one of the men is the father and the surrogate’s mother connection to the babies is severed. A week later, the Israeli Court recognized […]
On Necromancy and Claims against Managers of a Company in Liquidation
Business, Corporate and Joint Ventures
“10 Let no one be found among you who sacrifices their son or daughter in the fire, who practices divination or sorcery, interprets omens, engages in witchcraft, 11 or casts spells, or who is a medium or spiritist or who consults the dead.” states the Book Deuteronomy, Chapter XIX. But what if the dead is […]
Leasee of a commercial property can unilaterally leave the property if the landlord unduly refused an alternative tenant
Real Estate
Dispute Resolution
A lessee announced that it would unilaterally return possession of the leased property to the lessor prior to the end of the rental period due to cessation of business activity. The Court held that the lessee must pay the lessor the rent and expenses for the period the property was vacant. Under law, a tenant […]
Liquidation of a company does not reset the Statute of Limitation period if the grounds for the claim were known before such time
Business, Corporate and Joint Ventures
Dispute Resolution
A trustee for debenture holders of a company was appointed liquidator and two years later filed a claim against former directors for breach of fiduciary duty and the duty of care 9 to 13 years before the filing of the claim. The Court held that the directors cannot be sued because 7 years lapsed since […]
Raising material demands in negotiation is ground for termination of the negotiation even if the demands are withdrawn from
Commercial, Banking and Financial
Dispute Resolution
A hotelier found an opportunity to win a tender for an apartment hotel management, participated in the tender and won, and at the same time negotiated with a childhood friend to establish a hotel management partnership and even presented him as a partner to third parties. The negotiations lasted about five months, during which drafts […]
