The application of reporting obligations under the Prohibition on Money Laundering Law also applies to dealers in precious stones

An investor in a real-estate project in Mexico was given a personal guarantee from the shareholders that the land is owned by the selling company. Following legal proceedings in Mexico, it turned out in hindsight that the real owner of the land was a third party and the selling company lost its rights to the […]

A provider of software development services demanded that the COO pay the debt of a foreign company with which it contracted. The Court rejected the claim and held that the contract is with the foreign company and the debt cannot be demanded from a private person. A service provider must distinguish between a company – […]

A tax assessment was issued to a taxpayer from income generated by illegal activity, even though the proceeds from the illegal activity were transferred directly to foreign companies that are not owned by that taxpayer. The Court rejected the taxpayer’s motion and determined that he can be held personally liable for the companies’ profits. Although […]

An Israeli employee who was terminated by a Panamanian company, which was registered in Spain and operated in Cuba, some of which shareholders were Israeli, demanded in Israel severance pay under Israeli law even though his employment agreement specifically included a clause stating that the law of Panama applies. The Court rejected the claim and […]