Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notary
SubscribeAgreements reached via text messages cannot be unilaterally changed by a later document sent via email
Commercial, Banking and Financial
Dispute Resolution
A consumer negotiated with a telecommunications company’s sales representative via text messages, concluding with agreed-upon terms for the provision of communication services. Subsequently, the company sent the consumer an email containing a transaction summary that included different terms from those agreed upon in the text messages, including additional charges. The consumer did not respond to […]
A Company is not obligated by a shareholders agreement unless it adopted it into its articles of association
Business, Corporate and Joint Ventures
Dispute Resolution
Minority shareholders in a company sought to halt the implementation of a board of directors’ resolution to establish a data center requiring a major investment by the company, as they contended that the decision breaches the shareholders agreement, constitutes a deviation from the company’s fields of activity and amounts to minority oppression. The Court held […]
Extension Order to a Collective Agreement Regarding Reservists and Their Spouses, and the Accumulation of Annual Leave for Certain Employees
Labor Law
On April 29, 2026, an extension order was published applying to all employees and employers in Israel, except for employees and employers in the public sector (to whom a separate collective agreement dated March 26, 2026, applies). Among the provisions in the order: protection for reservists from dismissal and being placed on unpaid leave for […]
How easy is it in Bulgaria for company assets to fall into the wrong hands
Business, Corporate and Joint Ventures
An article by the law firm Simeonov & Dermendjiev (the Bulgarian sister firm of Afik & Co.) on corporate asset stripping and managerial liability: The article examines Bulgarian jurisprudence on whether a company can void bad-faith transactions executed by its managers to siphon assets, relying on contract law principles. The core argument is that "organic representation" should not grant immunity, and companies must be allowed to cancel immoral deals made in collusion with third parties to prevent the legalized theft of their assets.
Cross-Border Privacy – When Privacy Laws Cross the Border
Privacy, GDPR, Confidentiality and protection of reputation
International Transactions and Disputes and Israeli “Soft Landing”
An article on the legal restrictions and exceptions for transferring databases from Israel abroad, and the need for legal counsel from expert and international lawyers to prevent legal violations. The article was written by Adv. Gilad Bar-Ami of Afik & Co.
Cancellation of a real estate agreement after the purchaser acted as owner will be deemed a taxable repurchase
Real estate in Israel and around the world
Taxation and Government Incentives and Funding
Dispute Resolution
A landowner and a developer signed a combination agreement to build an office tower. A cautionary note was recorded in favor of the developer. The developer did not build the building, but for 18 years acted as the owner of the property: demolished an old structure, promoted a zoning plan that significantly increased the land’s […]
