2016 09.05

The Bi-Weekly Professional Magazine of Afik & Co, Attorneys and Notary 103 Hahashmonaim St., POB 20144, Tel Aviv 6120101, Israel,  Telephone: +972-3-609.3.609

Afik & Co. celebrates Israel’s 68th independence day and 65 years of the Israeli national monkey, as created by author Tamar Burnstein-Lazar

1. An Article by Yair Aloni, Adv. on the issue of right of purchaser of a newly built apartment to compensation for belated tender of the apartment

2. Corporate, Antitrust and Securities Law Updates

An employee that appears to be authorized to obligate a company will obligate it even if not authorized. Business judgment rule of the Board of Directors applies also on a ‎decision to file an action A company manager will be liable for copyright infringement of employees if did not create procedures to prevent it

3. Commercial, Intellectual Property and Labor Law Updates

Compensation for cancellation of a work order requires proof of ‎damage or expenses‏ ‏An employee who was integrate at the business of the employee may still be deemed an external contractor if other terms are met

A financial distress of the seller is not sufficient grounds for cancelling ‎a contract due to unconscionability

4. Real Estate Updates

Misrepresentation made by mistake and without intent to defraud will still empower the counterparty to terminate the agreement

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