2020 25.03

1. Article: Israeli Companies Looking to Do Business in Australia – How to Structure Operations/Paul Yoel Stephenson, (Au) Adv.

An article on the manner in which an Israeli company can act in Australia.  The article was written by solicitor (Australia only) Paul Yoel Stephenson of the Afik & Co. The article in English may be found at the link: https://www.afiklaw.com/articles/a305

2. Corporate, Antitrust and Securities Law Update

Veto rights in the articles of association will not apply when it is activated in lack of good faith or not for the good of the company. Read more at:  http://www.afiklaw.com/updates/10235

A company officer needs to disclose financial data of the company to a third party only if fiduciary relationship exists between them. Read more at: http://www.afiklaw.com/updates/10237

An officer of a company may be personally liable for offences by the company of employing foreign workers without a permit. Read more at: http://www.afiklaw.com/updates/10239

3. Commercial Law Updates

Limitations due to bouncing of check due to lack of funds withheld due to the Corona Crisis. Read more at:  http://www.afiklaw.com/updates/10241

Compensation under the anti-spam law will not be afforded if the mailing list removal request was intentionally sent not pursuant to instructions. Read more at:  http://www.afiklaw.com/updates/10243

4. Real Estate Law Updates

A right of first refusal does not include a right to participate in the negotiations unless specifically written in the land-sharing agreement. Read more at: http://www.afiklaw.com/updates/10245

5. Family Planning Updates including Parentage, Surrogacy and Adoption

A parental order may be granted even if the parent is a non-Israeli who is in a gradual process of residency. Read more at: http://www.afiklaw.com/updates/10247