Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeWhen a third party to a bill of lading demands compensation for cargo damage its claim is not limited to one year
Maritime, Aviation and Transportation Law
Dispute Resolution
A logistics company sought compensation from a shipper for damages caused to cargo transported by it from Japan to the port of Haifa, even though it did not appear as a party to the bill of lading and more than one year lapsed from the date of delivery of the cargo. The Supreme Court held […]
Breach of duty of disclosure by a general partner in a limited partnership and taking excess funds justifies the partnership’s dissolution
Business, Corporate and Joint Ventures
Dispute Resolution
A general partner took from the partnership “success fees” that were hidden from the limited partners. The limited partners sought to dissolve the partnership on the grounds that although the partnership agreement stipulated that the partner would be entitled to success fees, the partner determined their own rate and hid it from the limited partners. […]
I Promised to try, But I Didn’t Promise to Succeed …
Commercial, Banking and Financial
An article on the subject of releasing yourself from a contract with a service provider who fails to "deliver the goods." The article was written by Attorney Yair Aloni of Afik & Co.
The Marker – Adi Keizman appeals to the Supreme Court the ruling that obligated him to pay ILS 11 million to Rani Rahav
Commercial, Banking and Financial
Dispute Resolution
Article in The Marker newspaper, 06.04.2025, reporter Efrat Neuman, on an appeal to the Supreme Court filed by Afik & Co. on behalf of Adi Keizman against the ruling that required him to pay Rani Rahav an amount of ILS 11 million.
When an officeholder is negligent in presenting forecasts to investors he may be held personally liable toward them
Mergers and Acquisitions
Dispute Resolution
Several investors invested in a company based on the optimistic projections of the 100% shareholder of the company, who also served as the director and CEO, regarding the project’s success and the security of their funds. Eventually, the company collapsed and the investment was lost. Therefore, they demanded compensation both from the shareholder of the […]
A petition against a tender filed with delay due to correspondence and an attempt to exhaust proceedings may be rejected
Public Law, Elections Law and Tenders
Dispute Resolution
A bidder received notice of non-winning of the tender and only after nearly two months in which it conducted correspondence with the municipality did it moved the Court seeking to cancel the tender. The Court rejected the petition due to delay and held that an attempt to exhaust the proceedings does not stop the race […]
