Personal liability of an officer of the Company is not an automatic liability for all the Company’s debts

Following the passing of the controlling shareholder in a family company, two-thirds of his shares passed to his heirs, while his partner, holding one-third of the shares, remained the sole director of the company.  When a dispute arose between the parties regarding the arrangement of the management structure in the company, the heirs, who had […]

A director of a company that operated a business for several years without a business license, as required by law, was charged with liability for violating the law, despite the fact that he had made tremendous efforts and worked tirelessly to obtain a business license. The Court held that the director bears criminal liability because […]

A senior employee who was terminated from a company demanded to receive 20% of its shares, claiming that according to the employment agreement, he is entitled to 5% of the shares of its subsidiary, which was not actually established, because the value of the employing company is four times the value of the subsidiary. The […]

A manpower agency provided employees to a company operating a nursing home.  The nursing home ran into financial difficulties, ceased operations, and owed money to the manpower agency, who demanded them also from a person who was the shareholders of the holding company of the company managing the hotel and the director of the operating […]