THE determination of the fair rent by the Court regarding houses and shops situated in a Rent Control area is regulated by article 8 of the Rent Control Law, which provides that no increase can be imposed upon a statutory tenant, unless as provided in...
THE mortgage creditor, in the event of the mortgage debtor being in default, resulting in the whole amount of the balance of the debt becoming payable and the default being for a period of not less than 120 days from the date it is payable...
THE creditor who secured a judgment against a debtor may register it as an encumbrance – memo in the Land Registry upon the immovable property registered in the name of the debtor. This security gives the creditor the right to apply to the court requesting...
THE tourism industry made an early start this year and better results are expected in the following months. The Russian market entered first, followed by Israel, England, Germany along with the countries of Central Europe, Switzerland, Austria, Poland, as well as Ukraine and the Scandinavian...
THE new provision added to the Rent Control Law and in particular in case the landlord claims the recovery of possession of his property when the tenant does not pay the legally due rents, gives the tenant the right to file a reply to the...
THE granting of a debenture of floating charge on the assets of a company secures the creditor for a loan or a facility granted to it and gives him the right to appoint a receiver when the company does not meet its obligations. The charge...
A statutory tenant against whom an eviction order from a building was issued for the purpose of demolition, is entitled to a stay of execution until his appeal is determined; otherwise the appeal will become of no substance, the building will be demolished and the...
A will contains the written declaration of a person in accordance with the law for his intention regarding the disposition of his movable or immovable property after his death and includes a codicil. Therefore, in order for a document to be considered a will, the...
THE bonds were a sticking point and a dispute between buyers and the bank, claiming the money they invested, alleging that the bank had not complied with its obligations under the relevant law for the protection of investors and that its conduct constituted negligence and...
THE bonds were a sticking point and a dispute between buyers and the bank, claiming the money they invested, alleging that the bank had not complied with its obligations under the relevant law for the protection of investors and that its conduct constituted negligence and...