Afik News 402 13.12.2023

A mother used life insurance funds she received for her minor daughter. The Court accepted the daughter’s claim and ordered the mother to return the illegally used funds to the daughter. Israeli law states that a guardian who wishes to perform legal actions related to minors’ funds, as well as withdraw amounts of theirs, must […]

Heirs according to a will demanded that the funds accumulated in the pension funds be transferred to them and not to the beneficiary registered in the pension fund. The Court rejected the claim and held that the funds must be transferred to the beneficiary written in the policy. Israeli law excludes from the estate amounts […]

An article on the prohibition of insider trading and when data will be deemed insider data when it is uncertain at the time of disclosure. The article was written by advocate Adi Marcus of Afik & Co.

A tax assessment was issued to a taxpayer from income generated by illegal activity, even though the proceeds from the illegal activity were transferred directly to foreign companies that are not owned by that taxpayer. The Court rejected the taxpayer’s motion and determined that he can be held personally liable for the companies’ profits. Although […]

A lessee of a property vacated the property before the end of the lease period, in coordination with the lessor, according to the lessee, and thus, demanded the refund of the deposit, while the lessor contended that the lessee breached the lease agreement and therefore the lessor may collect the deposit and is entitled to […]

A lessee and lessor who entered into a lease agreement to operate a commercial business on an agricultural land contrary to the zoning designation, sought from each other indemnification and compensation, after the city forced evacuation and pressed charges. The Court rejected the mutual claims and held that the lessee and the lessor are equally […]

A consultant who was hired as a freelance contractor, sought to be recognize as an employee, even though the engagement agreement was with the consultant’s business. The Court accepted the counsel’s claim and held that indeed there was an employer-employee relationship between the parties. Being an employee is something close to status, and this status […]

A tenant’s room in the second floor of a condominium was converted into a gym, despite the position of some of the tenants who lives next door. The Land Registry Supervisor accepted the claim and held that the use of the tenants’ room as a gym will be ceased. A contract that required the consent […]