Published in Afik News 084 14.09.2011
Related articles
A claim will be stricken-off if a foreign claimant deposited a guarantee for the expenses of the defendant and failed to complete it after use
International Transactions and Dispute Resolution
Dispute Resolution
An American claimant and a company from the Marshall Islands sued in an Israeli Court and were required to deposit a guarantee for the defendant’s expenses, but after part of the guarantee was used to pay expenses, they did not complete it to the original amount. The court found that the claim should be struck […]
A credit provider operating through a car dealer will be liable in case of a conflict of interest of the dealer
Commercial, Banking and Financial
Dispute Resolution
A car purchaser demanded the cancellation of loan agreements she had taken for the purpose of financing the purchase of a car, after she was coaxed by the car dealer who served as an ‘authorized representative’ of the credit provider to assume obligations to the credit provider under unreasonable transaction terms when the car dealer […]
An obligation to develop an innovative product is not necessarily a best-efforts obligation
High-Tech and Technology
Commercial, Banking and Financial
Dispute Resolution
A manufacturer agreed in an agreement to deliver an innovative machine but failed to fulfill its obligation. The Court held that the project’s innovation does not exempt the manufacturer from its duty to deliver the product. A best-efforts obligation is essentially behavioral -it includes the duty to act professionally, skillfully, and diligently to achieve the […]
Data of proprietary nature cannot be transferred by the State to another State without due process
Cryptocurrency, NFT and Web-3
International Transactions and Dispute Resolution
Criminal Law
The police searched a person’s computer and found recovery core for a Bitcoin wallet which were than transferred to the US authorities. After the US authorities used the information to seize that person’s bitcoins, the man sought that the seizure of the coins be voided. The Court rejected the person’s motion to void the seizure […]