Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeTrade between East and West- The UAE
International Transactions and Dispute Resolution
European Law and Regulations
The signing of the Abraham Accords and the officialization of diplomatic relations between Israel and the United Arab Emirates meant that many Israelis have considered to operate in the Emirates, but in certain cases, situations may arise where such may encounter frustrating regulatory barriers, which stem mainly from a lack of familiarity with the regulatory […]
Client lists is deemed a trade secret only if significant effort was made to keep it secret
Labor Law and Immigration
Dispute Resolution
After termination of the employment, a sales director breached the non-competition clause he had signed by brokering a deal between a company’s supplier and one of its main clients and received a commission for the said transaction, and the company claimed that the use of its client list constitutes embezzlement of a trade secret. The […]
A lessor is not required to send a reminder to a lessee regarding the deadline for exercising the option
Real Estate
Dispute Resolution
A lessee forgot to exercise its option on time and refused to vacate the leased property, only because it did not receive a reminder from the lessor regarding the deadline in which the option can be exercised. The Court accepted the eviction claim and held that a lessor is not required to remind the lessee […]
When sophisticated parties choose to act as a partnership the corporation laws and interpretation in light of them will not apply
Business, Corporate and Joint Ventures
Commercial, Banking and Financial
Dispute Resolution
Two business partners entered into a limited partnership agreement for the construction of residential complexes but when the limited partner demanded to review the partnership documents, the general partner refused to surrender anything beyond the financial reports. The Court held that the limited partner has the right to receive and review the requested documents. Three […]
A joint venture may create a partnership even in lack of a written agreement
Business, Corporate and Joint Ventures
Dispute Resolution
A person who established a platform for the placement of senior English-speaking employees in senior positions in Israel, contended the existence of a business partnership, or at the very least, a joint venture, between him and his friend, on the basis of which he is entitled to accounting for the profits and the expenses of […]
Security Matters Rings the Nasdaq Stock Market Opening Bell – a transaction managed by Afik & Co.
Capital Markets and Stock Exchange Regulations
Publication on the NASDAQ website of the “ringing of the bell” event of the SMX (Security Matters) PLC IPO. The IPO of the company (which until recently was traded on the Australian Stock Exchange) was done by delisting it in Australia, relocating the company to Ireland and merging it with the American SPAC Lionheart III […]
Each party to a business agreement must make sure that its goals and intentions are expressed explicitly in the written contract
Commercial, Banking and Financial
Dispute Resolution
Two companies entered into confidentiality agreements and production agreements for the purpose of producing a product to eliminate algae. After the relations between the companies came to a halt, one of the companies contended that all the intellectual property and knowledge related to the product was transferred to it within the framework of oral agreements […]
