Afik News 333 April 21, 2021

Afik News 333 April 21, 2021

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Legislative Updates

March 11, 2021

When the founders agreement prohibits competition with the company but does not set its scope of activity one need find what was the intention upon its execution
March 30, 2021

A loan agreement that does not include a repayment date will be construed as a loan that must be repaid within a reasonable time
April 8, 2021

A non-trading public company without a large number of shareholders may cease reporting as a public company
March 22, 2021

A license application for Financial Services Providers may be denied solely based on confidential intelligence information
April 7, 2021

A 15-minute delay in submitting a bid for a tender justifies disqualification of the bid
April 17, 2021

Preventing the ability to assign a right of claim in torts does not apply in case of mergers and acquisition of a corporation
April 17, 2021

When there is an obligation of “best efforts” and third party’s approvals are required, the best efforts requires not to delay and to promote the approvals
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