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Yoram L Cohen Ashlagi Eshel Law Offices | Israel | 8 Feb 2012

Court rules on equity and fairness between shareholders in merger deals

In a recent judgment, an Israeli court decided that the rule of fairness and equity should prevail in mergers, and that all shareholders of a public company should be paid the same price for each share. The court ruled that deals in which one shareholder receives extra benefits have no sound background and therefore should not be approved. This bold decision may be a cornerstone for future......
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Yoram L Cohen Ashlagi Eshel Law Offices | Israel | 4 Jul 2011

Literal interpretation of contracts: back in business

The interpretation of agreements is a well-established phenomenon in any legal system. The Supreme Court has recently reinstated the policy that whenever parties' intentions are drafted through a written agreement, its literal meaning should prevail; only in cases where there is ambiguity in such meaning should extrinsic evidence be sought in an attempt to determine the parties' intention......
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Yoram L Cohen Ashlagi Eshel Law Offices | Israel | 27 Jun 2011

Companies Act amendment enhances corporate governance practices

Since the enactment of the Israeli Companies Act in 1999, corporate governance principles have developed throughout the world. Recent amendments to the Companies Act are the result of the implementation of principles of corporate governance in Israeli legislation. The amendments contribute to the implementation of customary corporate governance principles in line with the rest of the world.
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