2022 09.02

1- Elementary, my dear Holmes! /Doron Afik, Esq.

An article dealing with the issue of at what stage do ambitious presentations designed to bring investors to a start-up cross the line and become a criminal misrepresentation.  The article was written by Doron Afik, Esq. of Afik & Co., Attorneys and Notary.  The article in English may be found at the link: https://www.afiklaw.com/articles/a353

2- Corporate, Antitrust and Securities Law Update

Upon resurrection of a liquidated company the accrued annual Companies Registrar fee for the period in which it was liquidated need be paid. Read more at: http://www.afiklaw.com/updates/13211

Exchanging a founders agreement draft between startup entrepreneurs may indicate previous oral understandings. Read more at: http://www.afiklaw.com/updates/13213

Use of a company for fraud vis-à-vis the tax authority may personally obligate its shareholders. Read more at: http://www.afiklaw.com/updates/13215

3- Commercial Law Updates

Transfer of shares without consideration may be deemed a transfer in trust for the real beneficiary of the shares. Read more at: http://www.afiklaw.com/updates/13218

A commercial agreement is to be construed in light of the business logic behind it. Read more at: http://www.afiklaw.com/updates/13221

When the language of a contract is vague in certain circumstances the Contra Proferentem rule: http://www.afiklaw.com/updates/13224