Corporate Law of Israel

Corporate Law of Israel

Itai Fiegenbaum, Amir Licht

Series number :

Serial Number: 
372/2017

Date posted :

November 07 2017

Last revised :

November 07 2017
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Keywords

  • Israel • 
  • company law • 
  • Corporate governance • 
  • duty of loyalty • 
  • duty of care • 
  • business judgment rule • 
  • veil piercing • 
  • derivative action • 
  • controlling shareholders • 
  • directors and officers

This chapter provides a concise survey of Israeli corporate law. The chapter opens

with a description of the law’s approach to corporate legal personality and foundational documents, and, next, to institutional organs and directors and officers. The main part analyzes the legal duties imposed on directors and officers, control persons, and regular shareholders. In addition to the familiar duties of loyalty and care, which roughly follow the standard common law pattern, Israeli law has some unique features in regards with those duties, as well as certain legal obligations owed by shareholders. Next, the chapter deals with the regulation of related party transactions. It closes with a review of corporate litigation by way of
veil piercing and shareholder representative claims.

Authors

Real name:
Itai Fiegenbaum
Real name: 
Research Member
Radzyner School of Law, Interdisciplinary Center Herzliya