
Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeAn employer who is aware of an employee’s breach of confidentiality towards it previous employer may be liable to such previous employer
Labor Law and Immigration
Dispute Resolution
An employee transitioned from one business to another contacting former clients and utilizing confidential business information obtained during his previous role. The new employer was aware of the confidentiality obligations the employee had undertaken toward his former employer and encouraged his move to compete with that employer directly. The Labor Court held that both the […]
Reverse piercing of the corporate veil is not limited to a closed list of grounds and may be activated where it is right to do so
Business, Corporate and Joint Ventures
Dispute Resolution
The Center for the Collection of Fines learnt that a criminal, from whom attempts to collect compensation for the victims and the State failed, is the sole shareholder and director of a company in which favor compensation was awarded by the State. The Court decided to perform a reverse piercing of the corporate veil and […]
Being a Common-Law Marriage couple does not in itself make every debt a joint debt
Commercial, Banking and Financial
Domestic Relations
Dispute Resolution
Several years after their separation, a spouse demanded that his ex-spouse repay half of the amount of the loans he had taken to finance joint debts. The Court dismissed the claim because the common property presumption does not apply in this case. The common property presumption states that when a couple leads a normal joint […]
Why make an Israeli will even when there is already a will?
Notarial wills and testaments
Wills and Estates
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
An article on the importance of an Israeli will, and preferably an Israeli notarized will, when assets exist in Israel, even if a will already exists in another jurisdiction. The article was written by Doron Afik, Esq. and Attorney Osnat Nitay of Afik & Co.
A claim will be stricken-off if a foreign claimant deposited a guarantee for the expenses of the defendant and failed to complete it after use
International Transactions and Dispute Resolution
Dispute Resolution
An American claimant and a company from the Marshall Islands sued in an Israeli Court and were required to deposit a guarantee for the defendant’s expenses, but after part of the guarantee was used to pay expenses, they did not complete it to the original amount. The court found that the claim should be struck […]
In a trust the beneficiary cannot be the trustee unless the trust deed specifically enables
Trusts
Intergenerational Law (Trusts, Estates, Lasting Powers of Attorney, Parenting)
Dispute Resolution
Settlors of a trust drew up a deed of trust which stipulated that following their demise their house would be transferred to a public trust with the Hebrew University of Jerusalem as beneficiary and all in accordance with the trust deed. The deed of trust stipulates the number of trustees who will manage the trust, […]
As of the date of receipt of an order to stay proceedings in a company employees are deemed terminated and rehired by a new employer
Labor Law and Immigration
Business, Corporate and Joint Ventures
Dispute Resolution
An employee who worked for a company that underwent economic rehabilitation pursuant to an issuance of a stay of proceedings order, was terminated several years later and demanded severance pay for the entire duration of his employment with the company, including before the company’s economic rehabilitation. The Supreme Court held that the employee is not […]
A credit provider operating through a car dealer will be liable in case of a conflict of interest of the dealer
Commercial, Banking and Financial
Dispute Resolution
A car purchaser demanded the cancellation of loan agreements she had taken for the purpose of financing the purchase of a car, after she was coaxed by the car dealer who served as an ‘authorized representative’ of the credit provider to assume obligations to the credit provider under unreasonable transaction terms when the car dealer […]