Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeNot every action of diluting company existing shareholders’ holdings indicates oppression
Business, Corporate and Joint Ventures
Dispute Resolution
A company shareholder contended that he was oppressed because the company took a decision to raise capital contrary to his position, which caused a dilution of his holdings. The Court held that the shareholder was not oppressed. Not every issuance of rights which may allegedly lead to the dilution of existing shareholders is deemed oppression, […]
Involvement in the management of a company does not give one shareholder the right to force another shareholder to sell its shares
Business, Corporate and Joint Ventures
Dispute Resolution
A shareholder sought to force his brother, who owns half of the family company shares, to sell him his shares in light of loss of trust between them, contending that his connection to the companies is stronger than his brother’s due to his involvement in managing the company for many years. The Supreme Court held […]
A power of attorney for a real estate transaction need be notarized but even without notarization obligated the grantor
Notarial Powers of Attorney
Notarial Services
Real Estate
The nephew of a property owner negotiated with the bank on his behalf for the transfer of monies received from the sale of the property after the execution of a mortgage. After the transaction was completed and the amounts transferred to third parties, the property owner demanded compensation contending that he never approved the sale […]
Give me one NFT, half an apartment and two cottage cheese please !
European Law and Regulations
Cryptocurrency, NFT and Web-3
Real Estate
An article dealing with NFT and its new applications including for factoring transactions and real estate related transactions. The article was written by Doron Afik, Esq. of Afik & Co., lawyers and notaries
Absent special circumstances an employee may not be restricted from using a company business opportunity after the company refused it
Business, Corporate and Joint Ventures
Labor Law and Immigration
Dispute Resolution
The CEO of a company, after his resignation, signed a brokerage agreement with the company to bring it potential transactions. The company refused to pay fees on a transaction that the CEO brough contending that he was obligated to bring it to the company while he worked there under his obligation to to forth any […]
After the bids were opened one cannot waive the first stage in a two-stages tender
Public Law, Environment and Tenders
Dispute Resolution
The Israeli National Fire and Rescue Authority has issued a tender for the supply and installation of warning systems, which included a two-stages procedure for selecting the winning bid. The Tenders Committee opened the financial bid and announced the winner of the tender before the threshold conditions phase was completed. The Court held that the […]
