Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeIn some cases it may be possible to exercise a lien on purchased land even if not yet recorded on the name of the purchaser
Real Estate
Dispute Resolution
A person purchased land from his father with a cautionary note recorded but consideration left unpaid and the asset not recorded on his name. The Supreme Court held that a creditor of the purchaser may exercise a lien on the property. Israeli Law stipulates that one may impose a lien on property which has not […]
A tender that requires experience in a specific system as a threshold condition does not necessarily indicates an illegal ‘tailor-made’ tender
Public Law, Environment and Tenders
Dispute Resolution
The Tel Aviv Municipality published a tender for the supply, installation, maintenance, updates and changes in traffic and light control systems of a specific type that the municipality has been using for several years. As there are only two companies that can win the tender and meet the threshold conditions in the tender, it was […]
Posting incitement and slander on social media may result in the issuance of a threatening harassment order
Commercial, Banking and Financial
Dispute Resolution
A number of people set up a group on Facebook in which they slandered a commercial company and its owner, incited against it and even called for the murder of its owner. The incitement was so strong that it led to firearms being used against the company owners. The Court granted the motion for an […]
The termination date of an agreement does not necessarily apply to later addendums thereto
Commercial, Banking and Financial
Dispute Resolution
A fashion business entered into an agreement for the provision of logistics services until February 2023. Later, following the Covid-19 crisis, the business signed an addendum to the agreement referring to a project of product collection, sorting, storage and redistribution. However, the addendum did not stipulate a termination date. The Court held that the addendum […]
I did not think interest applies if I do not pay on time – may I get a discount?
Commercial, Banking and Financial
An article about the ability to contend in retrospect - sometimes years after – that interest on funding provided is unreasonable and should be canceled or reduced. The article was written by advocate Yair Aloni of Afik & Co.
The classification of options during a divorce is determined according to their classification as forward-looking or based on past performance
Business, Corporate and Joint Ventures
Domestic Relations
Dispute Resolution
A couple divorced after 23 years of marriage, and as part of the divorce settlement, a dispute arose regarding the options granted to the husband by his workplace. The Court held that the wife is entitled to half of the options granted to the husband from the workplace including options that have not yet fully […]
The Registrar of Companies registry is declarative only and in contradiction between the registry and the data registered with the company the data at the company trumps
Business, Corporate and Joint Ventures
Dispute Resolution
A person discovered that shares in a company were transferred to his ame and demanded to be deleted from being registered as a shareholder and a director of a company, as the registration was made without his knowledge and without him having any connection to the company. The Court held that the registry should be […]
