Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeWhen a middleman does not act transparently the other party to the agreement may promote a transaction through another
Commercial, Banking and Financial
Dispute Resolution
International Transactions and Dispute Resolution
Two parties entered into an agreement for cooperation for the purpose of supplying medical equipment to the Hungarian government. However, after a preliminary conversation, the middleman made it clear to the party that “Hungary became obsolete”. The equipment supplier turned to another middleman and communicated through it with the Hungarian government despite a non-circumvention clause […]
When a Director “Enters an Atraf State” (Goes Frenzy) Because of a Data Breach
Privacy, GDPR, Confidentiality and protection of reputation
An article on the personal liability of officers and directors in case of data breach. The article was written by attorney Osnat Nitay of Afik & Co.
A notarial will requires a non-Hebrew speaking testator to receive a translation to a language he understands
Notarial wills and testaments
Wills and Estates
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
A deaf-mute person who does not speak official sign language signed a will without having it properly translated by a sign language interpreter in a manner consistent with his understanding. The Court canceled the will due to defects in its drafting. Israeli law requires a notary who prepares a document for the signature of a […]
An occupation restriction clause shall be valid only if it is justified
Labor Law and Immigration
Dispute Resolution
An employer contended that a former employee breached an employment restriction clause by moving to a competitor and taking with him commercial secrets. The Court dismissed the claim due to the lack of a valid non-compete contractual obligation. An employment restriction clause will be valid in four cases and depending the employee’s position: There is […]
Publishing instructional videos for hacking a blocked website shall constitute a copyright breach
Copyright, Trademarks Media and Artists
Dispute Resolution
A website operator on the YouTube channel uploaded videos explaining how to access to “Sdarot” website, where links are uploaded for illegal direct viewing of the works, in which he instructed the public on how to circumvent the instructions of the blocking orders issued by the courts in Israel and the USA regarding the copyright […]
An entrepreneur may be entitled to tax relief if he builds an area intended for renting residential apartments
Real Estate
Taxation and Government Incentives and Funding
Dispute Resolution
A construction entrepreneur contended that it is entitled to a tax benefit in relation to the entire area of the building that has been approved as a new building for residential rent, and not only in relation to the part of the building intended for rent. The Supreme Court held that the entrepreneur is entitled […]
A party conducting negotiations in bad faith may bear the negotiations costs and the lost of profits
Commercial, Banking and Financial
Dispute Resolution
A party to negotiations announced only four hours before the date of signing an agreement to operate a fuel station, that it had not found any partners and therefore withdraws his intention to enter into the agreement. The fuel supplier sought damages of over ILS 1.5 million because during the negotiations there was a clear […]
