Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeAn employee who continued to work after deterioration of the terms of employment will be deemed after a few months as one who agreed thereto
Labor Law and Immigration
Dispute Resolution
An employee worked for a company and was entitled under the agreement signed with him to sales commissions on a quarterly basis from the company’s sales as well as to a bonus for investment in the company by external investors who are not existing shareholders in the company. The company initially paid commissions higher than […]
A shareholder is entitled to damages for acts of another shareholder only when the damage is direct and not a derivative of the damage caused to the company
Business, Corporate and Joint Ventures
Dispute Resolution
A shareholder demanded reimbursement for sums unduly extracted from the company by the other shareholder. The Court rejected the claim because the right of claim belongs to the company and not the shareholder. As a rule, one must distinguish between the legal personality of the company and its shareholders; between the relationship of the company […]
Fiduciary rights of a shareholder require a right to review company documents and data
Business, Corporate and Joint Ventures
Dispute Resolution
A shareholder demanded to receive documents and data from the company, needed to him for the purpose of dealing with claims brought on by the Tax Authority arising from actions taken by the company. The Court (partially) accepted the claim and held that a shareholder has the right to review the company documents for the […]
The tax exemption for a returning resident does not apply to work income even if done outside of Israel
Taxation and Government Incentives and Funding
Labor Law and Immigration
Dispute Resolution
An Israeli citizen lived outside Israel for about 20 years and before returning to Israel worked for an international company as a regional sales manager in 9 countries: Israel, India, Bangladesh, Sri Lanka, South Africa, Turkey, Greece, Cyprus and Malta. When he returned to live in Israel, he continued to work in the same position […]
Employer’s obligation due to quarantine orders under Covid-19
Labor Law and Immigration
Dispute Resolution
An article on payment to employees for forced days of quarantine due to the Covid-19 epidemic and putting employees on unpaid leave during the Covid-19 period
Using a fictitious Facebook profile creates a liability for the person who activated the profile
High-Tech and Technology
Commercial, Banking and Financial
Dispute Resolution
A fictitious figure named “Lizzie Harel” posted a false post on Facebook about a survey conducted by IKEA employees and showed that some computer sale chain gives poor service. After IKEA reported that no one with that name works therein; That the company has never conducted a survey as described in the publication; and that […]
A purchaser of an apartment from a contractor is entitled to compensation for a delay in the delivery caused as a result of a delay in receiving Form 4 (Occupancy Permit)
Real Estate
Dispute Resolution
A contractor was late in delivering an apartment for about five months and refused to compensate the purchasers. The Court held that the contractor must compensate the purchasers for the late delivery of the apartment. Israeli law allows a contractor and a purchaser of an apartment to agree that the purchaser’s right to compensation after […]
