Afik News 334 05.05.2021

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Legislative Updates

Articles of Association can not limit or reduce the ability of shareholders to remove oppression of their rights in the company

Officers of a company are not personally liable to investor absent fraud or personal representations

A corporate veil may be pierced and a company’s debt will be attribute to a controlling shareholder even if it is not registered at the Registrar of Companies

Granting an asset after death may only be by a will or prenuptial agreement

A settlement agreement executed due to a mistake will not be revoked if such revocation does not align with equity considerations

A real estate fund that raises capital from passive investors need publish a prospectus

Afik News 333 April 21, 2021

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