2017 17.01

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. marks a year to the demise of one of the founders of the Eagles rock band Glenn Frey (November 6, 1948 – January 18, 2016) who also wrote the lyrics to the song “Hotel California

Article: Taxing of Wallet Companies ‎ ‎

An article by Yaniv Friedhof‎, Adv. on the tax reform and taxation of ‎wallet companies ‎   

Corporate, Antitrust and Securities Law Updates

Directors approving distribution of dividends may be liable for the amount distributed and maybe even to all debts of the company

Income from sale of partnership units will be taxed as capital gains even if paid ‎over time

One cannot set an investment by an employee in the company as a precondition ‎for salary

Commercial, Intellectual Property and Labor Law Updates

An arbitration clause in an agreement may be valid even if the agreement is set to ‎be invalid

Law Update: Increase of minimum wage, annual leave and payments for pension ‎‏ ‏‎

Unforeseen circumstances may enable changing of agreement terms even after completion of tender ‎process

Real Estate Updates

The burden to ensure that the leased property fits the purpose of the lease is on the ‎lessee

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