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Legal Update - Urban Renewal – November 2019 (Hebrew)

By FBC | Nov 2019 | Transaction

We are pleased to provide you with another Urban Renewal Law update which includes our review of: a judgement of the Supreme Court sitting in its capacity as the Court of Appeal for Administrative Matters; a judgement of the District Court (Center) which dealt with an arbitration clause in an agreement; and a judgement of the District Court (Tel Aviv) on the validity of a National Outline Plan agreement following the developer’s sale of its rights to a third party.

1. The judgement of the Supreme Court sitting as the Court of Appeal for Administrative Matters

2. An arbitration clause in a National Outline Plan agreement where the agreement has no conditions precedent.

3. The acquisition of rights of developer in a National Outline Plan project – do the condition precedents in the agreement continue to be in force?

Please find the full legal update here (Hebrew)

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