Afik News 421 04.09.2024

An article on employees stock options and in particular what happens when an employee ends his employment and has exercisable options. The article was written by attorney Shelly Wilner of Afik & Co.

Anofficer in a company transferred, for no consideration, all of the company’s business activity to other companies incorporated for that purpose, while increasing its own debts, all without any commercial logic and knowing that the company is insolvent and without any chance of rehabilitation. The Court accepted the liquidation trustee’s contention and determined that the […]

A person executed a contract to rent a property, when in retrospect he discovered that the property plan he received included parts that were not part of the property. The person canceled the contract and demanded compensation from the landlord, even though the landlord offered him alternative options, including a reduction in the rent. The […]

A woman entered into an allocation agreement of shares in a company purchased by an experienced businessman in whom the woman trusted in light of his experience. However, the businessman did not disclose to her all the information regarding the consideration paid for the company shares. The Court held that woman was presented with false […]

Spouses drafted a mutual will which included an arrangement under which upon the demise of one, or both at the same time, the next in line to inherit the estate would be their three children in equal parts. After the husband death the wife drafted a new will in which she set an unequal division […]

A lessor demanded that the lessee pay the full usage fees imposed upon it by the Israel Land Authority and this in accordance with the lease agreement and after the parties failed to reach an agreement regarding the placement of a loan in favor of the lessee by the lessor. The Court accepted the lessor’s […]

A contractor, who is not registered in the Register of Contractors, entered into a contract to perform construction, demolition and house building works. The agreement with the contractor was terminated a few days after the start of the work and the contractor sought, inter alia, damages for the profit that was expected as a result […]

A real estate broker demanded from property buyers payment of brokerage fees, relying on a partial exclusivity agreement that was executed between them several years before the transaction took place, but beyond this he did not contribute anything. The Court rejected the claim and determined that the exclusivity agreement executed between the parties is invalid. […]