Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeA company shareholders register is ostensibly evidence of its correctness but extra caution is required in familial relationships
Business, Corporate and Joint Ventures
Trusts
Dispute Resolution
A father and son purchased a factory through a company that was established and all of its shares were recorded in the son’s name. After a dispute arose between the parties, the father sought to amend the registration of shares to reflect his ownership of half of the company, contending that he was involved int […]
An agreement between sophisticated parties will not be interpreted contrary to its wording even if this leads to a commercially unreasonable result
Business, Corporate and Joint Ventures
Mergers and Acquisitions
Dispute Resolution
After selling their company, the sellers demanded additional consideration from the purchaser under the sale agreement, on the basis that the sales targets had been met. However, the agreement clarified that the additional consideration would apply only to sales of the company’s original products, whereas in practice the sales were of new products not included […]
Summoned to the police station – It really isn’t for a cup of coffee and a cake!
Criminal Law
White-Collar Crimes
An article on how to behave when summoned for questioning at the police station or by any other investigative body and the importance of legal advice even before arriving for questioning. The article was written by Attorney Eduardo Maiseleff of Afik & Co.
Lack of agreement on all the terms of a contract, including the consideration, will not necessarily prevent its perfection
Commercial, Banking and Financial
Dispute Resolution
A subcontractor and the main contractor negotiated and exchanged drafts of an agreement regarding the termination of their engagement and the completion of the subcontractor’s obligations by the main contractor before the completion of the works that were the subject of the current agreement between them. However, while the formula for calculating the consideration for […]
Article about a diplomacy and business event of the Ibero-American Department at Afik & Co. 08.09.2025
Latam – Spain – Israel Activities
Article on Dipomacy.co.il about a diplomacy and business event of the Ibero-American Department at Afik & Co. 08.09.
A bank’s refusal to provide services due to international sanctions regime is deemed a reasonable refusal even in the absence of regulatory guidance
Commercial, Banking and Financial
Dispute Resolution
A bank refused its customer’s request to transfer funds from his Russian VTB bank account to his account in Israel, due to international sanctions imposed on the foreign bank and despite the fact that no directive was given on the matter by Israeli regulator. The Court held that this was not an unreasonable refusal as […]
