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Introduction On April 27, 2012 Israel’s new Agency Contract Law (Commercial Agent and Principal) 2012 (the “Law”) came into force. This legislation has markedly improved the position of commercial agents, providing them with two significant rights: prior notice of termination of the agency contract and compensation on termination for the agent’s efforts to increase the […]

The Commercial Division of the Israeli District Court has held that a dividend distribution to shareholders, including to the controlling shareholder (even if such distribution involves a reduction of capital approved by the Court) does not constitute a “transaction” for the purposes of the Israeli Companies Law, and therefore, is not subject to the procedures

The Israeli District Court has held that notwithstanding the general lack of personal liability by officeholders and shareholders for the debts of a limited liability company, the absence of commercial reasoning behind a purchase order for goods, amounting to bad faith by an officeholder, justifies levying personal liability on the officeholder issuing the purchase order.

The Israeli Regional Labor Court has found that under the good faith doctrine, an employer must evaluate its anticipated ability to meet its obligations towards its employees. To the extent that an employer is aware of a substantial concern that the corporate entity will fail to meet such obligations, it must avoid further employment of

The plaintiff and the defendant deliberated before the courts of the State of Florida. The parties reached a settlement agreement, which was approved by the Florida courts. However, while the settlement agreement included a waiver vis-à-vis the defendant’s controlling shareholder, the waiver was not included in the Florida court’s ruling. The plaintiff sought to enforce

The applicant, who was a party to an arbitration agreement, filed a petition requesting the court to annul a ruling handed down by the arbitrator. The applicant claimed that the lack of any evidentiary hearing or factual investigation during the arbitration proceedings provided sufficient grounds for the annulment of the arbitrator’s ruling. The Israeli Supreme

The plaintiff had purchased the exclusive broadcasting rights of the 2006 FIFA World Cup games in the territory of the State of Israel. The defendant sold its clients a device enabling the decryption of encoded satellite broadcasts of foreign networks, which allowed individuals in Israel to watch the games without engaging the applicant. The Israeli

The events in the Eurozone and the wider macro economic landscape have resulted in caution – even reluctance – to engage in M&A activity. In addition, funding is harder to come by and when it is available there are far greater demands for assurances and comfort. More and more transactions involve seeking the views of

Where a dispute arises, sometimes there is no acceptable compromise. The litigants’ positions are irreconcilable and it is necessary that a third party will resolve the dispute. Most of the time, however, compromise is possible and preferable to litigation. Most litigants eventually conclude that a negotiated resolution better serves their interests than the cost and