Legal Updates

The Registrar of Companies will register liens made on shares of ‎companies held by shareholders ‎

January 5, 2016
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As part of a claim that was filed the Court ordered a lien on assets of the defendant, including shares of an Israeli company. The company did not have any organize registration books, and the plaintiff requested the Companies Registrar to register lien but was rejected because the Companies Registrar registers only liens on assets of the company and not on shares held by the company shareholders.

The Supreme Court held that the Companies Registrar must register liens of the Israeli courts or by the Legal Executioner Office and in the future to also register orders of other agencies such as the Governmental Fine Collection Center and municipal authorities.