Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and NotarySubscribe
A controlling shareholder is liable if sold shares under terms that put the company at risk of being “looted” of its assets
A controlling shareholder sold his holdings to purchasers who eventually caused the collapse of the company.
Funds received as a result of a tender won due to coordination between the tender participants will be forfeited by the State
Contractors who participated in a tender conspired that some would win the tender by way of the others intentionally submitting high offers, thus creating false competition.
A realtor may charge brokerage fee from the lessee even if acted on behalf of the lessor
A lessee of an apartment met with a realtor of the lessor and agreed the terms of the lease.
A debtor knows about an assignment of debt but pays the assignor instead of paying the assignee will still be in debt to the assignee
A bank provided credit to a company against a charge on its assets.
Need a lessor fix a leak in the neighbor’s apartment?
Lessees wished to rent an apartment in a condominium downtown but shortly after entering the apartment they started to notice severe moisture damage to the apartment's ceiling.
A liquidation order given in Australia or in another jurisdiction for a company of such jurisdiction will be recognized in Israel
The liquidators of a number of Australian companies sought to recognize in Israel liquidation orders of Australian companies, which were given by the Australian competent Courts in a liquidation procedure initiated by the Australian Tax Authority, so that they could take actions in Israel.
Appointment by a shareholder of an incompetent director may prevent a contention of lack of data on the company
Past shareholders in a pharmaceutical company which made an “exit” claimed they pre-sold their shares for a dime, because during board meetings the directors appointed on their behalf, who lacked expertise in the specific field, were presented with false and partial reports regarding the company's financial condition.