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Court Rules Funds Were Salary, Not Loan, in Israeli Company Dispute
An Israeli company sued its former accountant for NIS 401,000, claiming it was a loan, but the Labor Court ruled the funds were salary. The court found the employment relationship continued until 2013, and the money's transfer pattern matched salary payments.
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What happened
- 01The Labor Court ruled that NIS 401,000 transferred by a company to its former accountant was salary, not a loan.
- 02The court found the employment relationship continued until 2013, despite the accountant issuing invoices.
- 03The company's lawsuit was dismissed for failing to prove the funds were a loan and for lack of collection attempts.
- 04The former accountant's counterclaim for NIS 250,000 was rejected as time-barred and lacking evidence.
- 05Both the company's claim and the accountant's counterclaim were fully dismissed.
The accountant's counterclaim for NIS 250,000 was dismissed due to being time-barred and lacking sufficient evidence. Both parties were ordered to bear their own legal costs.
The coverage
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