Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeFailure to repair defects in a leased property within a reasonable time may justify termination of the lease agreement
Real Estate
Dispute Resolution
A lessee announced the termination of the lease agreement after the lessor breached its obligations to repair defects in the leased property. The Court accepted the claim and held that the agreement was duly terminated and that the lessee is to be compensated. When agreement is materially breached the harmed party may terminate it, while […]
Demanding a woman to dress in a modest manner as a condition for granting her services amounts to sexual harassment and prohibited discrimination
Privacy, GDPR, Confidentiality and protection of reputation
Dispute Resolution
A company that was engaged in providing evacuation services to a hotel for coronavirus patients during the pandemic on behalf of the State refused to evacuate an ill woman on the grounds that her clothing was not sufficiently modest. The Court accepted the woman’s claim for sexual harassment and prohibited discrimination. Israeli law stipulates that […]
Tax Aspects of SAFE (Simple Agreement for Future Equity) Investments
Taxation and Government Incentives and Funding
Business, Corporate and Joint Ventures
Mergers and Acquisitions
February 4, 2025 Tax Aspects of SAFE (Simple Agreement for Future Equity) Investments On January 29, 2025, the Israeli Tax Authority issued clarifications on the taxation of investments made through a Simple Agreement for Future Equity (SAFE); previous guidelines had been issued on May 16, 2023. A SAFE is a financial instrument that is commonly […]
Misleading reporting is not grounds for awarding damages and a causal connection to the damage caused at the time must be shown
Business, Corporate and Joint Ventures
Dispute Resolution
A public company engaged in oil drilling reported to the stock exchange the discovery of oil marks, but omitted from the report information relevant to the economics of the production, even though it had it and which it is obligated to publish under the Securities Law. The Court rejected the plaintiff’s contention due to the […]
Under certain circumstances shareholders holding less than 5% of a public company may be entitled to review proxies
Business, Corporate and Joint Ventures
Dispute Resolution
Shareholders in a public company whose holdings are less than 5% sought to review the proxies for the company’s general meeting, at which a management agreement with the company’s controlling shareholder was approved after the Israeli Securities Authority contended that it was not duly approved. The Court accepted the claim and allowed review of the […]
In an obligation to indemnify the debtor must pay the full amount even if the debtor’s obligation was reduced
Commercial, Banking and Financial
Dispute Resolution
Entrepreneurs undertook to repay the debt of a company that had taken financing from the bank. A debt settlement was executed between the bank and the company, under which it was determined that the bank must realize the collaterals it has, that if they are not sufficient to cover the entire debt, the debt shall […]
A debt created as a result of an act of fraud against one of the spouses will not be excluded from the community property presumption
Business, Corporate and Joint Ventures
Domestic Relations
Dispute Resolution
A person fell into debt due to an act of fraud and as a result he and his spouse were required to sell their joint home. The Court rejected the spouse’s contention and held that the “community property presumption” applies to this debt. Spouses’ assets are governed by the “community property presumption”, which is based […]
“Until an Insolvency Do Us Part…”
Business, Corporate and Joint Ventures
Commercial, Banking and Financial
International Transactions and Dispute Resolution
An article on the subject of limiting the ability in Israel of terminating an agreement when the other party to it enters insolvency proceedings. The article was written by Attorney Shelly Wilner of Afik & Co.
A contract entered into due to fraud or unconscionability may be annulled even if approved by the Court
Domestic Relations
Commercial, Banking and Financial
Dispute Resolution
A husband sought to enforce a “marital reconciliation or divorce agreement” that had been executed and confirmed by the Court but the wife contended that the agreement was coerced upon her and that upon execution data on the extent of the assets was hidden from her. The Court accepted the motion and annulled the contract […]
