Legislative Updates: A Law for Increasing Tax Collection and Increasing Enforcement (Legislative Amendments), 2014

Companies entered into a share purchase agreement regarding the shares of “Diners.”  The contract stipulated that the sellers would be entitled to contingent consideration, provided that no stay of proceedings order is issued against “Mega” which is not vacated within 60 days.  Following the issuance of such an order against Mega, and despite the Mega’s […]

A Seller of rights in a plot (acquired from a receiver) undertook to complete the recording of the rights in his name within 40 days but the recording was affected only after six years.  The purchasers demanded the full liquidated damages stipulated in the contract (ILS 150,000), which constituted approximately 28% of the transaction value. […]

Holders of rights of residential units in a luxury hotel demanded the hotel owners to appoint an internationally renowned management company to manage the hotel as well as refrain from raising the management fees. The Supreme Court held that the agreement is a closed agreement and there is no reason to obligate or prevent the […]

A distributor contended that a manufacture interfered with a contract between itself and a third party for the  exclusively distribution of its products, including products manufactured together with the distributor. The Court held that the manufacturer did not commit tortious interference of the contract with the third party.  The prima facia tort of tortious interference […]