Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeA middleman in a merger transaction between companies is entitled to fees even when the merger was carried out differently from the initial plan
Mergers and Acquisitions
Dispute Resolution
British – Israel Investments undertook to pay a middleman fees for its merger with Melisron but refused to pay after the merger was completed, arguing that the merger that was actually carried out was a reverse triangular merger in which it became fully owned by Melisron, and not a classic merger, as was proposed. The […]
A waiver of late payments cannot serve as evidence to the parties’ consent to change the contract
Commercial, Banking and Financial
Real Estate
Dispute Resolution
Buyers of a house contended that the seller has no right to terminate the sale agreement for their failure to pay the main installment on time and despite the provisions of the agreement that allow him to do so. This is because from the behavior of the parties, after the signing of the agreement, and […]
Website accessibility – a blindspot to be dealt with
Commercial, Banking and Financial
High-Tech and Technology
owner of a brokerage firm decided to increase his income by exposing itself to a larger audience and created a website. The number of requests for service increased significantly following the launch of the website, but one day he was astonished to receive a lawsuit in the amount of ILS 1,500,000 against him and the […]
One cannot contend “nothing was done” if one understood the meaning of the obligation
Commercial, Banking and Financial
Dispute Resolution
The owner of a company, who personally pledged to return its investors their money, disclaimed his commitment on the grounds that the investment was in the company and therefore his personal commitment is irrelevant, and it is as if “nothing was done”. The Court rejected the claim and held that this case does not meet […]
Prenuptial agreements may be annulled only in rare cases of unfairness
Notarial Prenups
Notarial Services
Dispute Resolution
A woman sought to annul a prenuptial agreement that she signed a few days before the wedding contending not to have receive a reasonable explanation regarding the meaning of the agreement. The Court held that the prenuptial agreement should not be annulled. In cases where spouses sign a prenuptial agreement before the wedding, which states […]
Employers are obliged to disclose to employees information in cases of privacy breach
European Law and Regulations
A Finnish banker suspected that his personal financial information had been disclosed to his colleagues at the bank without his knowledge. The banker requested the Finnish Privacy Protection Authority to demand from the bank for the reasons why the financial information was disclosed, and the exact date of the disclosure. The Court of Justice of […]
Professional work that requires special knowledge and expertise or special trust relationships is exempt from tender
Public Law, Environment and Tenders
Dispute Resolution
A local authority engaged contracted with service providers in the field of project management and supervision of engineering works and strategic planning without a tender. The Supreme Court held that the engagement is exempt from tender as it is a professional work that requires special knowledge and expertise or a special relationship of trust. One […]
