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

After the general assembly of shareholders in a public company rejected the decision of the compensation committee and the board of directors of the company to grant the CEO a special bonus that deviates from the company’s compensation policy, the bonus was approved via an “overruling” decision. The Court dismissed the company’s motion for summary […]

A minority shareholder contended that the controlling shareholder excluded her from the company’s operations, created fictitious debts toward her and treated her in a manner amounting to shareholder oppression. The controlling shareholder contended that it acted lawfully within its authority as the sole director and that the minority shareholder knew in advance that she would […]

Minority shareholders in a company sought to halt the implementation of a board of directors’ resolution to establish a data center requiring a major investment by the company, as they contended that the decision breaches the shareholders agreement, constitutes a deviation from the company’s fields of activity and amounts to minority oppression. The Court held […]

A company entered into a finder’s fee agreement with a middleman, under which it committed to pay him a commission in exchange for establishing a connection between the company and an investor who would invest in it or its affiliates.  Approximately seven years after the contact initiated by the middleman between the company and a […]