Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeBlockchain and Due Diligence
Cryptocurrency, NFT and Web-3
Mergers and Acquisitions
An article dealing with blockchain related issues that should be considered in conducting a due diligence review of a company. The article was written by Yoav Sagi, Adv. of Afik & Co., Attorneys and Notary
A manager who makes false solvency representation to enable delay of debt payments of a company may be personally liable for company debts
Business, Corporate and Joint Ventures
Dispute Resolution
A settlement agreement, signed between a company and its supplier, regarding payment of a debt of hundreds of thousands of shekels, was not honored by the company. The supplier demanded that the shareholder and manager of the company personally pay the debt in person, although he is not a party to the agreement and was […]
When a realtor fails to close a transaction, the purchaser may turn to another realtor and is exempt from finders fees for the first realtor
Real Estate
Dispute Resolution
Mergers and Acquisitions
A realtor presented a house to a potential purchaser. After the purchaser realized that the realtor was unable to make the seller flexible at the asking price, she turned to another realtor, who closed the deal. The Court dismissed the first realtor’s claim and held that the realtor is not entitled to the fee. In […]
The “truthful publication” defense against defamation may apply even if not everything stated in the publication is true
Commercial, Banking and Financial
Privacy, GDPR, Confidentiality and protection of reputation
Dispute Resolution
A person who purchased a product posted on Facebook a complaint about service not provided to him by the seller and contended that the seller preferred other customers over him. The Court rejected most of the claim and held that the post was protected under the “truthful publication” defense. Defamation is something that, objectively, its […]
Prohibition of work from home does not necessarily constitute discrimination in working conditions
Labor Law and Immigration
Dispute Resolution
During the period of her employment an employee requested to work from home and the employer refused. The Court dismissed the lawsuit and held that the fact that the employee was refused work from home did not discriminate under the circumstances of the case. The law stipulates that an employer may not discriminate in working […]
A director may not make decisions that prefer his interest over the company’s interest
Business, Corporate and Joint Ventures
Dispute Resolution
In a shareholder dispute between two brothers, it was discovered that one brother, who served as sole director of the company, signed a board decision in which he granted his company a right to receive funds from a legal proceeding in which the company won, as partial indemnification for company expenses that he personally incurred. […]
A false affidavit submitted by a bidder in a tender cannot be remedied and the bid need be disqualified
Public Law, Environment and Tenders
Dispute Resolution
The Ramat Gan municipality accepted a winning bid in a tender despite the fact it was proven that the bid included a false affidavit, after accepting the bidder’s position that it was a mistake in good faith. The Court held that a defect of submitting a false affidavit in the tender could not be remedied […]
