Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeWhen there is a doubt as to existence of personal interest in a transaction the person of interest shall not be part of the discussion in the board of directors
Business, Corporate and Joint Ventures
Mergers and Acquisitions
Dispute Resolution
A company had to make a change in its holdings structure of its holdings in order to comply with the requirements of the law. The controlling shareholder decided that the change would be made by means of a merger and outlined its terms. The Court held that the decision was unduly made. Israeli law states […]
On special experience and limitation of occupation
Labor Law and Immigration
An article on restrictions on an employee's freedom of occupation when he undergoes special training by the employer
A harassing publication on Facebook may justify issuing a restraining order even if the publication was removed
Privacy, GDPR, Confidentiality and protection of reputation
Dispute Resolution
A person published posts against his brother on Facebook about a suspicion of committing sex offenses against his minor daughters and the brother moved to issue a restraining order against him. After filing the motion, the brother removed the publications. The Court held that although the publications were removed, there is justification for issuing the […]
Marriage to an Israeli does not by itself grant right to citizenship but lack thereof does not by itself negate it
Labor Law and Immigration
Dispute Resolution
An unmarried couple that has met in Israel while the woman was in Israeli illegally submitted a motion for a permanent residency for the woman. The Court held that the Ministry of the Interior is to review the truth of the relationship between the couple and only then take a decision. Marriage to an Israeli […]
There is a difference between the rights in a work and a copy of the work which was sold and is transferable
Copyright, Trademarks Media and Artists
Dispute Resolution
An ATM operator sold the ATM machines in its possession to a purchaser with a unique software installed on the machines. The company that developed the unique software contended that the rights in the software were licensed and that the ATM operator was not allowed to transfer the license to the purchaser. The Court held […]
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 […]
A promissory note signed against an oral commitment for investment is not enforceable if the investment did not go through
Commercial, Banking and Financial
Dispute Resolution
Two entrepreneurs were signed on a loan agreement and promissory notes in the amount of USD 350,000 by an investor promising against this to invest a million Dollars in a company of theirs. Until the point of signing the notes and the loan agreement the entrepreneurs did not personally owe the “lender” anything, because the […]
