One may pierce the corporate veil in a group of companies between a mother and a wholly owned subsidiary

A divorce dispute led to a motion to include real estate corporations managed by the husband as direct parties to the proceedings, within the framework of the joint property, with the intent of preventing the dissipation of assets. The Court partially granted the motion for the joinder of the corporations.  The Israeli Family Court Law […]

As part of a dispute between siblings who are shareholders and directors in a family-owned company, the sister (in her capacity as a director) proactively contacted the real estate taxation director and provided inflated, unsubstantiated valuations of the company’s assets.  This action was taken to increase the tax liabilities of her brother regarding a share […]

A company filed a lawsuit by virtue of a resolution adopted at a board meeting held in the absence of a legal quorum, and without obtaining the consent of the absent director to said resolution. The Court summarily dismissed the claim due to the board resolution’s nullity.  In contrast to resolutions adopted at board meetings […]

Following entry of a company into insolvency proceedings, a transaction counterparty announced the termination of the agreement due to the non-fulfillment of a condition precedent and began dealing directly with a foreign manufacturer despite contract terms stipulating non-compete. The Court held that the contract expired but the non-compete provision is valid.  A condition precedent is […]