Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeIn order to obligate a shareholder in debts of a collapsed company requires the authority to show that the company had assets
Taxation and Government Incentives and Funding
Business, Corporate and Joint Ventures
Common-Law Marriages Agreements
A company was closed when it had city tax debts. The authority demanded that the controlling shareholder of the company pay the debt on the grounds that assets of the company were transferred to him. The Court held that a control holder cannot be obligated to pay the city tax debt without first showing that […]
A disproportionate non-competition clause in an employment agreement will not be enforced
Labor Law and Immigration
Dispute Resolution
An employer demanded that an employee be prevented from competing with it after the employee contacted customers after his employment ended, using a customer list. The Labor Court rejected the claim and held that the list of the company’s clients is not a “trade secret” and the employee’s freedom of occupation cannot be infringed. In […]
The proper salary of a service provider who does not inform the recipient of the price of the service may be reduced
Commercial, Banking and Financial
Dispute Resolution
A service provider provided various business services for several years without a binding contract between the parties and without receiving any consideration. The Supreme Court held that the consideration to which the service provider is entitled should be reduced due to it avoiding finalizing the matter of the consideration through a binding agreement between the […]
A “deficit” bid in a tender, by itself, is not grounds for its disqualification
Public Law, Environment and Tenders
Dispute Resolution
A bidder in a tender for providing credit services to the Israeli Post customers contended that the winning bid was deficit and unprofitable and therefore should be disqualified. The Court rejected the petition and held that there was no flaw in the selection of the winner of the tender. A deficit bid in a tender […]
Till Death Do Us Part … & Maybe a Little Later – on Heritance & Prenup
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
Wills and Estates
Common-Law Marriages Agreements
An article on the power of a prenuptial agreement to set provisions to apply after the demise of one of the spouses. The article was written by Gilad Bar-Ami, Adv. of Afik & Co
Extraordinary circumstances may allow recognition of a real estate agreement even in cases where there is no written document
Real Estate
Dispute Resolution
Domestic Relations
A man and a woman were in a relationship for several years and lived together in an apartment owned by the woman. During the relationship, the man paid sums which, according to him, were intended, in accordance with an oral agreement between the parties, for the purpose of acquiring rights in the property against the […]
Tax relief in light of the October 2023 war
Taxation and Government Incentives and Funding
For your convenience, please see below a compilation of some of the special rules published by the Israeli Tax Authority regarding the October 2023 War. A more comprehensive list can be found in the publication of the Israeli Board of Auditors dated October 17, 2023. Subject The Relief Periodic reports for the month of September […]
A blanket use of a contractual veto right constitutes performance of an agreement in bad faith
Commercial, Banking and Financial
Parentage, Surrogacy and Adoption
Dispute Resolution
A company that provided surrogacy services abroad had to compensate clients whose money was stolen by a third party. Despite his contractual obligation to bear part of the cost of the compensation, the middleman between the company and that third party refused to pay his share on the grounds that the compensation was not preapproved […]
