Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeA settlement agreement executed due to a mistake will not be revoked if such revocation does not align with equity considerations
Labor Law and Immigration
Commercial, Banking and Financial
Dispute Resolution
An employee of the Ashdod Port and the Port reached a settlement under which it was determined that the Port will pay the employee ILS 20,000 for wage differences in exchange for full and complete waiver of all claims against the Port. About 4 months later, the employee requested to revoke the settlement agreement on […]
Granting an asset after death may only be by a will or prenuptial agreement
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
Notarial Prenups
Notarial Services
A married couple who were co-owners, together with others, of a commercial building, signed a prenuptial agreement according to which in the event of the husband’s death, the wife will be entitled to any consideration received from renting the property for the rest of her life. After the husband’s demise, the husband’s children sought to […]
Articles of Association can not limit or reduce the ability of shareholders to remove oppression of their rights in the company
Business, Corporate and Joint Ventures
Dispute Resolution
A company ran into financial difficulties due to negligent management and a crisis of confidence between the shareholders which led to the paralysis of the company. While the minority shareholders contended oppression and demanded that the majority shareholders purchase their shares, the majority shareholders contended that there was no oppression and that the minority shareholders […]
A corporate veil may be pierced and a company’s debt will be attribute to a controlling shareholder even if it is not registered at the Registrar of Companies
Business, Corporate and Joint Ventures
Dispute Resolution
The Israeli Electric Company demanded to attribute a company debt of over ILS 250,000 created due to illegal electricity consumption to the sole shareholder of the company and also to her spouse, who is not registered as a shareholder at the Companies Registrar but was the living spirit in the company and was the one […]
May I offer you some SPAC ?
Capital Markets and Stock Exchange Regulations
International Transactions and Dispute Resolution
Mergers and Acquisitions
An article on taking a company public by a merger with a SPAC - the relatively new fashion on stock exchanges. The article was written by Tomer Horowitz, Adv. of Afik & Co.
A real estate fund that raises capital from passive investors need publish a prospectus
Real Estate
Capital Markets and Stock Exchange Regulations
Dispute Resolution
An Israeli company has been investing in real estate ventures for years through the establishment of limited partnerships (about 250 different ventures) for each venture and by marketing participation units in such partnerships. Several investors demanded the cancellation of the agreements and repayment of the investment funds contending that the units were marketed without a […]
Officers of a company are not personally liable to investor absent fraud or personal representations
Mergers and Acquisitions
Business, Corporate and Joint Ventures
Dispute Resolution
Investors invested in a company by a short two-page agreement which included at its beginning a statement that it is made without representations, that the shares are offered only to those who can bear a full loss of their investment, and only to those who have the knowledge and experience to assess the investment and […]
