Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notaries
SubscribeIn a commercial independent contractor agreement, a party does not have the unilateral authority to impose an interim state of unpaid suspension during a dispute
Commercial, Banking and Financial
Labor Law
Dispute Resolution
Natan Zehavi, a Radio Le-Lo Hafsaka broadcaster provided broadcasting services to the radio station as an independent contractor. Following a controversial on-air statement, the station suspended the broadcaster without pay and refused to reinstate him without receiving new financial guarantees on his part. However, the station refrained from formally terminating the agreement, thereby keeping his […]
Corporate Toxicity: Navigating the Poison Pill
Capital Markets and Stock Exchange Regulations
Business, Corporate and Joint Ventures
An article on defense mechanisms in companies against hostile takeovers, including staggered boards and poison pills. The article was written by Adv. Adi Marcus and Adv. Doron Afik from Afik & Co.
The Land Registry reflects the status of rights in full and its amendment will be permitted only in exceptional cases
Real estate in Israel and around the world
Dispute Resolution
The heirs of a person who purchased a small part of a plot claimed ownership of its remainder by virtue of an oral agreement, while a later purchaser bought this part, paid full consideration and recorded it in the Land Registry. The Court dismissed the claim and held that the existing recording in the Land […]
A notice of refusal to pay an approved account may be deemed a breach of contract even if the payment date has not yet passed
Commercial, Banking and Financial
A subcontractor who entered into an agreement to perform finishing works abandoned the site and terminated the agreement before the payment date arrived (current +30), because the main contractor delayed payments of approved accounts and even notified that it did not intend to pay. The Court accepted the subcontractor’s claim and held that the agreement […]
Entitlement to the grant of options is determined in accordance with the conditions set out in the employment agreement and is subject to their fulfillment
Labor Law
Business, Corporate and Joint Ventures
Dispute Resolution
A senior employee who was terminated from a company demanded to receive 20% of its shares, claiming that according to the employment agreement, he is entitled to 5% of the shares of its subsidiary, which was not actually established, because the value of the employing company is four times the value of the subsidiary. The […]
A party to a joint venture may be obligated to disclose documents and provide accounts even if not a “formal” partnership
Commercial, Banking and Financial
Dispute Resolution
A party to a joint venture demanded an accounting from his partner, claiming entitlement to 20% of the profits. The partner refused to disclose the documents, arguing that no binding agreement had been signed between them. The Court accepted the claim and held that a special relationship existed between the parties, establishing a right to […]
Joint activity of Afik & Co. with the Panama-Israel Chamber of Commerce – June 2026 Issue
Latam – Spain – Israel Activities
Joint activity of Afik & Co. with the Panama-Israel Chamber of Commerce – June 2026 Issue
A non-compete clause that does not protect a legitimate interest such as a trade secret but is only meant to prevent competition, will be void
Labor Law
Business, Corporate and Joint Ventures
Dispute Resolution
A company engaged in coordinating and managing the collection of development levies for local authorities and water corporations entered into an agreement with a partner, which included broad non-compete and confidentiality clauses. After the partnership between the parties ended, the partner began working in the same field through another company. The Court held that the […]
