Client updates / The Law of Insolvency and Economic Rehabilitation

Liability of Officers and Functionaries in an Insolvent Corporation

2 January 2019 / Hagit Ross

Chapter 8 of the new Insolvency and Economic Rehabilitation Law addresses the liability of officers and functionaries. The law’s main innovation is that – beyond liabilities toward the corporation, which already existed prior to the enactment of the law, such as fiduciary duty and duty of care – special liability will also be imposed on the corporation’s officers and functionaries.

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Categories: Corporate | Insolvency and Debt Arrangements | Regulation

A Reform in Israel’s Insolvency Laws

8 March 2018 / Ilan Blumenfeld, Sagi Gross

Recently, the Knesset has passed the Law of Insolvency and Economic Rehabilitation – which is aimed at updating the law on insolvency currently in effect in Israel. The Law will take effect in 18 months from now.

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Categories: Insolvency and Debt Arrangements

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Client updates / The Law of Insolvency and Economic Rehabilitation