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