Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeTo show that an agreement is for appearance only, the purpose that the parties sought to achieve in its creation must be presented
Real Estate
Trusts
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
An apartment owner rented a property to a non-profit organization for the purpose of operating a synagogue. After the death of the owner, the non-profit contended that the rental agreements were only for appearance and the owner granted it, in a memorandum of understanding signed between the parties, a nonrevocable, unlimited right to use the […]
Correct structure of D-SPAC and IPOs of Israeli companies abroad
Capital Markets and Stock Exchange Regulations
An article on IPOs and SPAC mergers of Israeli company outside of Israel. The article was written by attorney Shelly Wilner of Afik & Co.
An apartment seller who does not bother to inquire about defects in the apartment may be obligated to compensate the purchaser
Real Estate
Dispute Resolution
Purchasers of an apartment discovered that it has moisture issues and sealing defects that cause leaks to the apartment below it. The Court found the sellers accountable and ordered them to compensate the purchasers as they knew, or at least should have known, about the defects in the apartment at the time of signing the […]
A foreign arbitration award may be enforced in Israel even against a party that refused to participate in the arbitration proceedings
International Transactions and Dispute Resolution
Dispute Resolution
A distributor of the glasses brand VERSO got into a dispute with the singer Omer Adam over presenter services given to the brand, which were given by a company on his behalf. In accordance with the jurisdiction clause in the agreement, an arbitration award was granted in Florida against the company that represents the singer, […]
In a commissioned work, the parties may create an explicit agreement stating that the client owns the rights to the work
Copyright, Trademarks Media and Artists
Dispute Resolution
A creator was hired to create a promotional video for an educational institution who paid an advance on account of the work. After the educational institution was not satisfied with the products, the relationship between the parties was severed and the educational institution made use of the unfinished video. The Court held that the copyright […]
Submitting a tender bid even only 4 minutes late may result in the disqualification
Public Law, Environment and Tenders
Dispute Resolution
A bidder encountered technical difficulties in submitting its bid for a tender, but the Tenders Committee refused to accept its bid, even though it was received only 4 minutes late. The Court rejected the petition and stated that the decision to disqualify the bid was duly made. Under Israeli law, the Tenders Committee will not […]
Reciprocal use of protected works over the years may indicate consent to the use of the protected works
Commercial, Banking and Financial
Copyright, Trademarks Media and Artists
Dispute Resolution
Two media bodies published articles and photographs belonging to each other, mutually, without permission for a period of about six years. The Court rejected the claims filed by each for copyright infringement and held that both parties cooperated and gave their consent to the use. Under Israeli law, copyright is the proprietary right that exists […]
