Caselaw

Civil Case (Tel Aviv) 262-04-17 Toiga Online Ltd. v. Mizrahi Tefahot Bank Ltd. - part 59

December 6, 2018
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Conclusion;

  1. The claim is accepted and accordingly I order the cancellation of the closure notice that was sent by the bank to the plaintiffs. I further determine that the bank is obligated to provide the plaintiffs with banking services in accordance with the law.

It should be emphasized that I am of the opinion that my judgment is sufficient to clarify the bank's concerns at this stage, but I find it clear that my judgment does not lead to a determination that the bank is prevented from closing the accounts in the future insofar as it identifies a risk involved in the activity of the plaintiffs or any of them and will act lawfully within the framework of actions to reduce the risk, including - as a last resort - also announcing the closure of an account.

  1. The bank will bear the payment of the expenses of each of the plaintiffs in the sum of ILS 1,500 (and a total of expenses in the sum of ILS 6,000) and attorney's fees for each of the plaintiffs in the sum of ILS 15,000 (and a total of fees in the sum of ILS 60,000).
  2. The Secretariat will transmit the judgment.

Granted today, 28 Kislev 5779, 06 December 2018, in the absence of the parties.                                                                                         

Limor Bibi

 

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