2018 10.04

Article: When a Bank Meets a Red Flag and Settles the Account with You/ Tal Schiller

An article on the relationship between a customer and the bank and in which situations the bank can unilaterally close the account to the customer, by Tal Schiller, an intern at the law office of Afik & Co., whose main practice areas are corporate law, commercial law and commercial litigation. The article in English may be found at the link: http://www.afiklaw.com/articles/a254

Article: Post-mortem of shipping company – the GSS debacle / Nathan Cecil and Rebecca Niumeitolu, Adv.

An article on the collapse of GSS international shipping company, by Nathan Cecil, partner and Rebecca Niumeitolu, Adv., of the Australian law firm of Holding Redlich with whom we work closely on IPO’s in the Australian market. The article in English may be found at the link: http://www.afiklaw.com/articles/hr254

A shareholder who undertook to pay a company debt may endorse to their account company cheques.  Read more at: http://www.afiklaw.com/updates/7101

Failure to sign an amended Founders Agreement does not damage its validity unless the non-signature was intentional.   Read more at: http://www.afiklaw.com/updates/7103

Commercial, Intellectual Property and Labor Law Updates

One who participated in an arbitration may not later contest the power of the arbitrator. Read more at: http://www.afiklaw.com/updates/7105

A “back to back” clause will not apply when the non-payment to the main contractor is not related to the sub-contractor.  Read more at: http://www.afiklaw.com/updates/7107

A protected tenant may be entitled to compensation as a condition for evacuation even if in breach of agreement.  Read more at: http://www.afiklaw.com/updates/7109

Administrative Law Updates

As long as a winner of a tender did not fulfil all tender conditions the agreement with it does not materialize and the tender process does not end.  Read more at: http://www.afiklaw.com/updates/7111