2016 05.07

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. bows its head in memory of Eliezer "Eli" Wiesel (September 30, 1928 - July 2, 2016) – A Nobel Peace Prize laureate for his dedication to human rights and a person who was persistently engaged in educational activities to commemorate the Holocaust and prevention of other genocides around the world.

Article: The Passing off Tort in Israel

An article by Yair Aloni, Adv. on the issue of the scope of protection of the tort of Passing Off in Israel.

Article: The silent revolution of consumption habits

An article by Mr. Omer Gattenio, chairman of the Union of Financial Planners in Israel and the CEO of "The Service” Financial Planning (F.P.) Ltd on the issue of changes in global consumption habits.

Corporate, Antitrust and Securities Law Updates

A general right of first refusal may be activated jointly by two shareholders

A clause in a lease agreement limiting use of a store and thus limiting competition may be cancelled

Commercial, Intellectual Property and Labor Law Updates

The hours of work and rest law will apply to intermediate level or junior ‎managers

‎‎An arbitration agreement must be in writing but sometime exchange of e-mails will suffice

Law Update: As of July 1, 2016 , the minimum wage in Israel will be ILS ₪ 4825 per month.

Real Estate Updates

‎‎‎ A clerical error in the Land Registry regarding the size of the apartment does not affect ‎rights

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