2020 16.07

1. A Dirge for the Companies - In Every Generation they Rise up to Destroy Us/Doron Afik, Esq.

An article on intergenerational transfer (trusts, wills and lasting power of attorney) and the need to prepare for it in advance and with the assistance of a lawyer who specializes in the field, especially when dealing with intergenerational transfer of a business, which may "die" with the owner if the intergenerational transfer is not duly prepared in advance.  The article was written by Doron Afik, Esq., managing partner of the law office of Afik & Co., Attorneys and Notary. The article in English may be found at the link: https://www.afiklaw.com/articles/a313

2. Corporate, Antitrust and Securities Law Update

A promissory note signed against an oral commitment for investment is not enforceable if the investment did not go through. Read more at: http://www.afiklaw.com/updates/10930

When an apartment is not recorded at the land registry there in no need for any recording for a pledge to obligate a receiver in bankruptcy. Read more at: http://www.afiklaw.com/updates/10932

3. Commercial Law Updates

An agreement unlimited in time may be deemed as violating public policy and will be limited. Read more at:  http://www.afiklaw.com/updates/10934

Non-execution of a contract due to lack of good faith in the negotiation may cause the contract to be deemed as if executed. Read more at:  http://www.afiklaw.com/updates/10936

A retailer who received from a manufacturer goods for sale in consignation is liable for goods that were not sold but disappeared. Read more at:  http://www.afiklaw.com/updates/10938

4. Real Estate Law Updates

A tenant that continues to hold the asset after terminating the lease may be deemed to have withdrawn from the termination. Read more at: http://www.afiklaw.com/updates/10940