
Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeAvoiding a meeting in order to prevent accepting urgent decisions is deemed an action in bad faith
Business, Corporate and Joint Ventures
Dispute Resolution
A company was established by two parties with a founders agreement stipulating that certain resolutions, including a change in signature rights, require a board meeting in which all three directors are present. When the company was required to appoint attorneys for legal proceedings, the board convened, but one of the directors, who signed an agreement […]
Delay in depositing employee pension payments does not automatically justify piercing the corporate veil
Business, Corporate and Joint Ventures
Labor Law and Immigration
Dispute Resolution
A company employed an employee and deducted from the salary payment to a pension fund but failed to transfer such to the pension fund in real time. The employee demanded, inter alia, to hold the shareholders personally accountable for the company debt to him. The National Labor Court held that the fact that a company […]
On insanity and purchasing an apartment …
Real Estate
An article on the need to purchase an apartment or sell it, accompanied by an experienced lawyer, from a reputable firm and with satisfactory professional insurance coverage,
A former shareholder may continue to be deemed a guarantor of company debts if failed to notify of the guarantee cancellation
Commercial, Banking and Financial
Dispute Resolution
A creditor of a company demanded payment of company debts by a former shareholder, who was a guarantor on a promissory note to the company debts in respect of check clearing transactions, even though his shares were transferred to another before the claim was filed. The Court held that even though the guarantor ceased to […]
Portraying a person as one who evade debts is defamatory
Commercial, Banking and Financial
Dispute Resolution
Privacy, GDPR, Confidentiality and protection of reputation
A political party did not respect checks given to a supplier who prepared election signs for it. After failing to collect, including using legal proceedings, the supplier began a campaign against the person identified with the party by publishing that the Court held that he is to pay the debt and attributing to him, among […]
One can not claim liquidated damages under a draft agreement that was not duly signed and does not constitute a binding agreement
Real Estate
Dispute Resolution
As part of negotiations for the purchase of a residence home, drafts of a sale agreement were exchanged between the parties. The purchasers withdrew from negotiations that had been going on for over five months due to personal considerations but the sellers contended that a binding agreement had already been formed and demanded the liquidated […]
A shareholder’s consistent and intentional use of the company’s separate legal entity justifies personal liability
Business, Corporate and Joint Ventures
Dispute Resolution
A company ran into financial difficulties and accumulated debts towards a supplier. The supplier demanded to personally obligate the sole shareholder, who on the one hand sought to defer the repayment of the debt and on the one hand purchased goods in excess of the company’s sales, smuggled goods and selectively repaid debts to other […]