Even when there is an agreement for distribution of dividends, distribution depends on the ability of the Company to meet its obligations

A company sought to offset royalty amounts that were collected in excess from future royalties to the Israel Land Authority. This was done in light of the fact that the statute of limitation period for the cause of action for the collection in excess expired and the Israel Land Authority knew that the company maintains […]

Apartment purchasers filed an action against a contractor demanding the rescission of the sale agreement and restitution of the consideration, after they were provided with a non-compliant parking space that could not be reasonably utilized. The Court accepted the claim for rescission of the agreement and held that the breaches by the contractor were fundamental […]

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 tenders committee disqualified a sole bid in a tender for the provision of cleaning services due to the bidder’s negative past record. The Court dismissed the petition and held that the tenders committee’s decision to reject the bid based on the negative record was free of flaw.  Intervention in the professional discretion of the […]