2021 21.04

1. A little about Europe's private hostile takeover of the business world /Adi Marcus, Adv.

An article on the GDPR, their worldwide adoption even though there are merely a European directive and the risks of a company that does not conduct a risk survey and an internal enforcement plan on the subject. The article was written by Adi Marcus, Adv. of Afik & Co. The article in English may be found at the link: https://www.afiklaw.com/articles/a333

2. Corporate, Antitrust and Securities Law Update

When the founders agreement prohibits competition with the company but does not set its scope of activity one need find what was the intention upon its execution. Read more at: http://www.afiklaw.com/updates/12291

A loan agreement that does not include a repayment date will be construed as a loan that must be repaid within a reasonable time. Read more at: http://www.afiklaw.com/updates/12293

A non-trading public company without a large number of shareholders may cease reporting as a public company. Read more at: http://www.afiklaw.com/updates/12295

3. Commercial Law Updates

A license application for Financial Services Providers may be denied solely based on confidential intelligence information. Read more at: http://www.afiklaw.com/updates/12297

A 15-minute delay in submitting a bid for a tender justifies disqualification of the bid. Read more at: http://www.afiklaw.com/updates/12300

Preventing the ability to assign a right of claim in torts does not apply in case of mergers and acquisition of a corporation. Read more at: http://www.afiklaw.com/updates/12302

4. Real Estate Law Updates

When there is an obligation of "best efforts" and third party's approvals are required, the best efforts requires not to delay and to promote the approvals. Read more at: http://www.afiklaw.com/updates/12304