Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribePersonal involvement must be demonstrated beyond being a shareholder in order to hold a shareholder liable for a company debt
Business, Corporate and Joint Ventures
Dispute Resolution
A supplier sought to hold a shareholder personally liable for a company debt by virtue of a promissory note on which the shareholder’s signature was forged – after the company failed to pay its debt and checks that were given by it bounced due to insufficient funds. The Court dismissed the claim against the shareholder […]
Financial difficulties do not justify non–forfeiture of an autonomic bank guarantee
Commercial, Banking and Financial
Dispute Resolution
A cooperative association retained the services of a company for building a residential project within a year. The project was delayed and the cooperative terminated the agreement and forfeited the bank guarantees furnished by the company. The construction company sought to avoid such forfeiture contending that it would result in its economic collapse. The Court […]
Statements in employment relations will receive protection from defamation more easily than other statements
Commercial, Banking and Financial
Dispute Resolution
Privacy, GDPR, Confidentiality and protection of reputation
An employee of a technology company sent an e-mail to the CEO to which the company’s accountant and insurance agent were also addressees. In her letter, the employee called the CEO names because she was not paid rights to which she was entitled. The Labor Court held that this was a defamation, but the employee […]
A notarized signature creates a hard to rebuttal presumption that the signatory understood the content of the document and willingly signed it
Notarial Services
Real Estate
Notarial signature verification
Owner of land that was taken by eminent domain empowered another person to negotiate and sign a compensation agreement with the State. The power of attorney was signed by putting down a fingerprint before a notary public. That attorney signed on behalf of the landowner a compensation agreement with the State, but years later the […]
A license to use land that was unpaid for may be revoked even after decades
Real Estate
Dispute Resolution
A municipality demanded the eviction of a house built on public land over 30 years before that. The Court held that the land should be vacated. When a landowner does not oppose the possession of a third party in its land, it is in fact a matter of granting a license and this prevents a […]
Failure to transfer to a pension fund of funds deducted from employee wages will result in personal liability of employee shareholders
Business, Corporate and Joint Ventures
Labor Law and Immigration
Dispute Resolution
An architect was employed by a company but was terminated and his salary was not paid for several months due to financial difficulties of the employing company. The architect demanded payment from both the company and its shareholder. The Labor Court held that the plaintiff is entitled to wages and compensation for belated payment and […]
What do you Do when you Wake Up in the Morning?
Commercial, Banking and Financial
Dispute Resolution
The average person opens his morning with coffee and a newspaper, or, to be precise, with Ynet or other Internet news-site, and a review of his Facebook “feed”. If he sees an interesting post, he sometimes responds to it with a “thumbs up” (Like), sometimes even casually sharing it. Ah, … but wait a minute… […]
