Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeEven if an arbitration clause as to shareholders disputes exists a dispute as to the behavior of the company is not part of such
Business, Corporate and Joint Ventures
Dispute Resolution
A shareholders agreement in a company managing an event complex established an arbitration mechanism for disputes between the parties and a valuation mechanism in case one of the parties wishes to purchase the other party’s shares in accordance with its right under the same agreement. One of the parties requested to purchase the shares of […]
When a party misunderstood the contract it may in some cases still be terminated even if it was not breached by the other party or fraudulently induced
Commercial, Banking and Financial
Dispute Resolution
A franchisee signed a contract with a coffee shops chain to operate a franchise. Although such were not set in the agreement, the parties agreed that the café be opened in a mall that was to be built and the chain was to be the lessor of the property from the owners. The mall was […]
On Wilhelm Tell, Bibi and Contractual Legal Certainty in Israel
Commercial, Banking and Financial
On April 6, 1995, one of the most famous murder cases took place in Israel and would occupy the Israeli courts, scholars and the legislature for the ensuing decades – the Supreme Court gave the verdict in the Apropim case,(1) thus murdering, some say, the contractual legal certainty in Israel. Even when the legislature changed […]
Financial package to business due to the Covid19 Crisis: three-month city tax exemption
Taxation and Government Incentives and Funding
Due to the crisis created by the Corona Virus and the need to provide financial assistance to businesses, regulations were promulgated to provide for a 100% discount on business city tax for the period from 01.03.2020 to 31.05.2020 were approved. The discount will be given to all properties except certain excluded types such as: residential […]
A public officer is not immune from claim for defamation even if the defamatory statements were made during a city council meeting
Commercial, Banking and Financial
Dispute Resolution
Privacy, GDPR, Confidentiality and protection of reputation
An elected official attributed severe corruption conduct to his political opponent during a city council meeting. The Court held that the statements constitute defamation. False and defaming statements should not be protected under law even if they were said during a city council meeting convened under law. Israeli law lists a number of cases where […]
A decision to change the rights of a class of shares without a legitimate business rationale behind it may be oppressing
Business, Corporate and Joint Ventures
Dispute Resolution
In a company that owns real estate, it was set already in 1973 that the share capital is divided into ordinary shares and redemption shares, with the ordinary shares entitled to dividends and the redemption shares being the only ones with a right to vote and forfeiting their rights if they are redeemed or transferred, […]
An Israeli Court may not prevent dismissal of an employee by a foreign country but may discuss compensation of such employee
International Transactions and Dispute Resolution
Labor Law and Immigration
Dispute Resolution
A cook at the French consulate in Jerusalem contended against his employment and dismissal but the French Republic argued that Israeli Labor Court does not have jurisdiction against it. The Labor Court held that the employee cannot sue the French Republic in Israel to cancel his dismissal or reinstate him for work but may claim […]
Private: Lupa.CZ – KKCG’s entry into the Israeli startup ended in court
Mergers and Acquisitions
International Transactions and Dispute Resolution
Business, Corporate and Joint Ventures
The Lupa.CZ journalist Jan Sedlák wrote about a motion filed by the Afik & Co. office (www.afiklaw.com), attorneys Doron Afik, Yair Aloni and Shelly Wilner
