Client updates / Dividends

Economic Court Restores Certainty to Profit Test for Dividend Distributions

26 January 2021 / Barnea

The Tel Aviv District Court (Economic Department) has restored certainty to directors in relation to the profit test for dividend distributions. The court ruled that the profit test is a retroactive technical test, unless the directors are aware of a major event that could materially change the company’s accounting position.

See full article >

Categories: Capital Markets

Search by Practice

Client updates / Dividends