Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeA person’s right to draft his will as he wishes even if it may cause damage to creditors of his successor
Wills and Estates
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
Dispute Resolution
A man decided to leave all his money solely to his wife. His son’s creditor contended that this was an attempt to avoid paying the son’s debt, especially when the father was a party to the collection proceedings against the son. The Court rejected the request. Israeli law grants an interested party to challenge the […]
The 2024 Israeli International Commercial Arbitration Law – Commercial Tailored Solution or Simply Arbitrary ?
International Transactions and Dispute Resolution
Dispute Resolution
An American manufacturer and a South African importer entered into an agreement to import the manufacturer’s products to South Africa. Following long negotiations, the last remaining issue was what to do in the event of a dispute. The parties agreed that a quick and inexpensive solution in a neutral jurisdiction is required and hence opted […]
A formal registration of property which is attached to an apartment does not create property rights in it
Real Estate
Commercial, Banking and Financial
Dispute Resolution
In the addendum to a contract for the sale of an apartment, it was stipulated that the parking lots built by the company that sold the apartment shall be attached to the purchaser’s apartment by formal registration only, in exchange for a reduction in the price of the apartment. The Court held that the purchaser […]
As of January 1, 2025 the VAT rate in Israel will increase from 17% to 18%
Taxation and Government Incentives and Funding
On February 28, 2024, a decree was officially published under which the VAT rate in Israel will increased from 17% to 18%. The decree will take effect on 01.01.2025.
Publication of a complaint without indicating that it was closed for lack of guilt shall not be protected against a claim of defamation
Privacy, GDPR, Confidentiality and protection of reputation
Dispute Resolution
A woman was accused by her neighbor in front of the residents of the condominium for stealing money, while she served as the head of the house committee, without indicating that a complaint filed by him to the police on the subject was closed due to lack of guilt. The Court accepted the claim and […]
A delay in construction as a result of the municipality’s conduct does not grant the contractor an exemption from compensation for late delivery of the apartment
Real Estate
Dispute Resolution
A contractor was seven months late in delivering an apartment to the purchasers and refused to compensate them for the delay, contending that the delay was due, inter alia, to circumstances beyond its control such as: the Covid19 epidemic and delays on the part of the municipality. The Court accepted the claim and held that […]
When a comprehensive agreement is signed to cease joint operation one cannot make a contention for a right stemming from the original agreement
Commercial, Banking and Financial
Business, Corporate and Joint Ventures
Dispute Resolution
A party to a joint venture sought funds owed to it by virtue of the original agreements between the parties, despite the fact that the parties signed a separation agreement that regulated the end of their business relationships and conducted a final accounting. This was on the grounds that the reason for receiving those funds […]
Copying simulations developed by a competing company constitutes copyright infringement
Copyright, Trademarks Media and Artists
Dispute Resolution
A company that provides services to venues complexes, which also includes seating arrangements for events, recruited customers from a competing company, while during the onboarding process data was extracted from the competing company’s system, including simulations owned by it. The Court accepted the claim and held that the copying of the simulations and their commercial […]
