Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeTax losses are not transferable by acquiring a company with losses in another area or by inheritance
Taxation and Government Incentives and Funding
Inter-generational transfer of a business
Wills and Estates
A business owner dies with a capital losses carried from previous years that have not been offset in the amount of about ILS 46 million and carried losses from a business or occupation that have not been offset of about an additional ILS 2 million. One of the heirs, who inherited a third of the […]
The golden rules for the use of social networks for your business
Copyright, Trademarks Media and Artists
Labor Law and Immigration
Commercial, Banking and Financial
An article on the legal implications of using a business on social networks and the need for ongoing legal support when doing so
Non-consideration transfer of assets and activities of a company to another may justify piercing of corporate veil due to creditors’ deprivation
Business, Corporate and Joint Ventures
Taxation and Government Incentives and Funding
Public Law, Environment and Tenders
A local authority sought to personally charge shareholders with various taxes and levies of a company after it ceased operations. The Court accepted the claim and held that the company’s debt to the local authority be attributed to the company’s shareholders pro rata to their relative holdings in the company. Under Israeli law the corporate […]
In case of a senior employee who is not weakened or in need of protection an employment agreement is reviewed under the circumstances and business essence
Labor Law and Immigration
Dispute Resolution
A banker who worked independently in the field of private banking began discussions with a Swiss bank which sought to open a branch in Israel. After discussions, a customer referral agreement was first signed, followed by a consulting agreement in which the parties agreed to enter into a full employment agreement in the future, which […]
Enforcement and collection proceedings against a person who is not the debtor constitutes defamation
Commercial, Banking and Financial
Dispute Resolution
Privacy, GDPR, Confidentiality and protection of reputation
Due to a typo, enforcement procedure was opened against a person who is not the real debtor and collection proceedings were taken against him which caused emotional distress and damage to his reputation. The Court accepted the claim and held that the opening of the enforcement procedure and the collection proceedings against a person who […]
A person’s treatment of an elderly in the expectation that in the future he will be rewarded does not invalidate the will
Wills and Estates
Dispute Resolution
After a woman bequeathed all her property to her niece, she drafted a new will in which she bequeathed all her property to the daughter of the man who cared for her to her last days. The Court dismissed the objection of the niece to the new bequeath and held that it was drafted in […]
When an option agreement requires execution of an agreement which was not reached it may sometimes still be enforced
Real Estate
Dispute Resolution
A landowner and a purchaser signed an option agreement to purchase the land, which stipulated that a full agreement will be signed. After the negotiation for a full agreement failed, the landowner sought to rescind the option agreement while the purchaser sought to enforce it as a binding agreement. The Supreme Court held that the […]
