Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeA foreign resident who seeks to initiate legal proceedings in Israel may be obligated to deposit a guarantee for the conduction of the proceeding
Wills and Estates
International Transactions and Dispute Resolution
Dispute Resolution
A woman sought to probate her cousin’s will, under which she bequeathed her all of her property. The deceased’s nephew, who resides in the United States and possess no property in Israel, filed an objection to the probate. The cousin contended that the nephew should deposit a guarantee to secure proceedings expenses. The Court accepted […]
Company insider information presented at a closed professional conference will not be deemed public information
Capital Markets and Stock Exchange Regulations
Criminal Law
An accountant traded in the shares of a company based on information he has personally received from its CEO, and even advised the CEO on how to improve the value of the stock, in order to increase profits. The brother of the accountant also traded in the shares based on his recommendations. The data was […]
A contract which has a clear and unambiguous wording will be construed pursuant to its wording without resorting to the parties’ intention or external circumstances
Commercial, Banking and Financial
Dispute Resolution
A travel company and a tour guide entered into an agreement that stipulated that the guide would pay the company for booking 40 rooms in four installments. The company contended that the tour guide breached the agreement when he did not pay part of the installments, while the tour guide contended that he did not […]
A realtor who does not act skillfully to obtain material information about the property may lose his entitlement to brokerage fees
Real Estate
Commercial, Banking and Financial
Dispute Resolution
A week before the planned entry into a leased apartment, it was suddenly discovered that a massive renovation of the building is expected to begin, requiring the installation of scaffolding in the area of the leased apartment for a period of approximately a month and a half. The lessees withdrew from the lease transaction and […]
I did steal, but you will pay – defamation against employees ?
Commercial, Banking and Financial
Labor Law and Immigration
An article on defamation against an employee when updating employees and others regarding the circumstances of his dismissal
A minority shareholder who reserves a veto right may be subject to a duty of fairness
Business, Corporate and Joint Ventures
Dispute Resolution
Shareholders entered into a founders agreement for the purpose of establishing a company, which stipulated that a minority shareholder would have an antidilution protection. At a later stage, an investment agreement was executed for the purpose of raising capital, which explicitly stipulated that that it revokes any previous agreement, and the shareholder was diluted as […]
A participation in a business’ distribution line does not by itself constitute a partnership relationship between the parties
Labor Law and Immigration
Business, Corporate and Joint Ventures
Dispute Resolution
A former employee at a distribution line of a store selling tobacco products contented that the store was opened as an equal partnership between himself and the store owner and demanded compensation for his exclusion from receiving a share of the store’s profits. The Court held that no partnership relations existed between the parties. An […]
An amendment of a dule made resolution of the general meeting can only be done in accordance with the articles of associations
Business, Corporate and Joint Ventures
Dispute Resolution
A shareholder in a start-up Company demanded the cancellation of appointment of another director, based on a veto granted to him under the investment agreement, according to which without his consent the company cannot make any change of management structure, although a representative on his behalf voted at the board of directors to amend the […]
