Controlling shareholder and directors’ liability for the removal of the company’s shares from indexes The Tel-Aviv District Court (Economic Division) decided that the controlling shareholder and the directors of a company may be directly liable towards the company’s minority shareholders for the removal of the company’s shares from the indexes in which they were included, […]
This legal update summarizes two recent Israeli court decisions which deal with the distribution of dividends and the obligations and liability of directors with respect to distributions and changes in a company’s capital structure. Please find the full legal update here (Hebrew)
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