Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeJoint activity of Afik & Co. with the Panama-Israel Chamber of Commerce – January 2026 Issue
Latam – Spain – Israel Activities
Publication of the January issue of the Panama-Israel Chamber of Commerce magazine, which also features cooperation between the Chamber of Commerce and the Latin-American department of Afik & Co. (www.afiklaw.com/latam) [Read]
To the extent that the parties’ intent is explicitly stated by the language of the contract, the contract shall be interpreted according to its terms
Business, Corporate and Joint Ventures
Dispute Resolution
Commercial, Banking and Financial
Companies entered into a share purchase agreement regarding the shares of “Diners.” The contract stipulated that the sellers would be entitled to contingent consideration, provided that no stay of proceedings order is issued against “Mega” which is not vacated within 60 days. Following the issuance of such an order against Mega, and despite the Mega’s […]
A company’s monetary debt does not, in itself, justify piercing the corporate veil or attributing the company’s debt to the shareholder personally
Business, Corporate and Joint Ventures
Dispute Resolution
A radio station operator demanded that a shareholder of an advertising company personally bear the debt accumulated by the company for advertising services provided to it. The Court rejected the claim against the shareholder and held that the extreme conditions justifying the piercing of the corporate veil were not proven. Piercing the corporate veil is […]
“Amigo, You Can Trust Me”: When Latin Warmth Meets the Cold Reality of Online Scams
Latam – Spain – Israel Activities
Criminal Law
In the Latin American business culture, the word “confianza” is the basis of any transaction and is considered by many to be more important than any signed paper. The cultural code holds that if a person speaks your language, knows the nuances of your habitat and forms a warm personal relationship, they are presumed to […]
Initial ownership belongs to the creator who designed the work, not the technical executor, unless otherwise agreed
Copyright, Trademarks Media and Artists
Dispute Resolution
A malfunction in a drone belonging to a press photographer, who had arrived to cover the clock repair at the Jaffa Clock Tower, forced him to seek the assistance of a repair company employee to execute the shot. Consequently, the company and the employee sought recognition as the copyright holders of the photograph. The Court […]
A power of attorney for a mortgage transaction shall be valid even if it was not drafted by a notary public or if the signatures thereon were not authenticated by one
Notarial Powers of Attorney
Notarial Services
On February 5, 2026, Amendment No. 12 to the Israeli Notaries Law was legislated. It stipulates that a power of attorney granted to a banking corporation for the purpose of executing a mortgage transaction, including its cancellation, transfer, modification of its terms, or any other action involving the recording of the transaction shall be valid […]
An obligation incurred by a partner through his co-partner within the scope of the partnership remains binding upon him even when acting outside the partnership
Business, Corporate and Joint Ventures
Dispute Resolution
One of two partners seeking to acquire a property executed a brokerage agreement solely in his own name. Subsequently, the second partner purchased the property independently, without the other’s knowledge. Upon becoming aware of the transaction, the realtor demanded that the purchaser pay the applicable brokerage fees under the agreement, notwithstanding the fact that the […]
Football player salaries in the Premier League in Israel include rest day and holiday compensation
Latam – Spain – Israel Activities
Labor Law
Dispute Resolution
A Brazilian football player playing in the Israeli Premier League demanded from his team, after termination of his employment, payment of compensation for work on weekly rest days and on holidays. The Labor Court found that the team does not need to pay compensation for work on weekly rest days and on holidays. As a […]
