2019 09.10

1. Article: Ongoing Power of Attorney - Payments from the Hereafter or from this World / Yair Aloni, Adv.

An article about the distress caused after the demise due to inability of the heirs to receive information, pay open bills or manage a business and the solution by signing an ongoing power of attorney by a lawyer certified for this purpose and who has many years of commercial experience and background in escorting businesses. The article was written by Yair Aloni, Adv. of Afik & Co. The article in English may be found at the link: https://www.afiklaw.com/articles/a293

2. Corporate, Antitrust and Securities Law Update

Transfer of shares carried out in breach of the company's bylaws is invalid. Read more at:  http://www.afiklaw.com/updates/9734

A creditor is not obligated to inform a guaranteeing corporation of failure to fulfill an underlying obligation. Read more at: http://www.afiklaw.com/updates/9736

3. Commercial Law Updates

A material part of a franchise agreement is added value of the chain to the franchisee and in lack of which the agreement may be terminated. Read more at:  http://www.afiklaw.com/updates/9738

Failure of client to furnish the bank with required documents may lead to closing of the account. Read more at:  http://www.afiklaw.com/updates/9740

An employer who failed to furnish an employee with a notice of employment terms may be obligated to a higher salary. Read more at:  http://www.afiklaw.com/updates/9742

4. Real Estate Law Updates

An apartment purchaser is entitled to compensation for late delivery even if requested to make changes to the apartment. Read more at: http://www.afiklaw.com/updates/9744