Afik News is the bi-weekly professional magazine of Afik & Co. Attorneys and Notaries
SubscribeA banking corporation owes a heightened duty of trust and care toward its customers in safeguarding their funds and overseeing its agents
Commercial, Banking and Financial
Dispute Resolution
Through fraudulent means and by presenting forged vouchers, approximately ILS 48,000 was withdrawn from a customer account at the Postal Bank. The Postal Bank refused to reimburse the funds, contending that they must await a police investigation, while simultaneously freezing the account-leaving the customers without their money and in prolonged uncertainty. The Court accepted the […]
A party who prevented the performance of the agreement in bad faith is not entitled to rely on the expiration of the time limit for its cancellation
Commercial, Banking and Financial
Dispute Resolution
Parties to a real estate dispute signed a settlement agreement whereby one party would purchase the rights of the other party, subject to the provision of ownership documents within six months. The selling party concealed a material inheritance order in its possession, and subsequently contended that the agreement had expired due to the passage of […]
Joint activity of Afik & Co. with the Panama – Israel Chamber of Commerce – October 2026 Issue
Latam – Spain – Israel Activities
Joint activity of Afik & Co. with the Panama - Israel Chamber of Commerce – October 2026 Issue
Commercial Lotteries at the Business: How to Do It Right and Legally
Commercial, Banking and Financial
An article regarding the manner in which commercial lotteries may be conducted in Israel without constituting a criminal offense. The article was written by Jacob Avramov, Adv. of Afik & Co.
As a rule, payment dates in a real estate transaction constitute a material condition that cannot be supplemented by the court.
Real estate in Israel and around the world
Dispute Resolution
A seller in an apartment sale transaction announced his withdrawal from his intention to sell the property after the purchase price was agreed upon and contract drafts were exchanged between the parties’ legal representatives. However, this withdrawal occurred before the payment dates for the consideration were agreed upon and without a contract being signed. The […]
A hearing based solely on suspicions, without evidence or prior warnings, constitutes a compensable flaw
Labor Law
Dispute Resolution
A veteran employee was dismissed from his job after the company changed ownership and the previous manager opened a competing business. The company suspected that the employee, who maintained friendly relations with the previous manager and even visited his business, was passing information and clients to him, and summoned him to a hearing regarding these […]
Non-termination of a contract despite misrepresentation leaves the tenant’s obligations intact
Real estate in Israel and around the world
Dispute Resolution
A landlord and a tenant signed a lease agreement for a store. The landlord made a misrepresentation that the store also includes an outdoor dining area. The tenant continued to hold and use the leased premises, but refrained from paying rent and municipal taxes claiming misrepresentation and a right of set-off. The Court held that […]
