The New Class Actions Law
In two recent judgement handed down by the District Court of Tel Aviv the court discussed the implication of placing criminal liability on directors and officers and reached contradicting conclusions.
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Recently the District Court of Tel Aviv adopted a narrow interpretation to Regulation 482 in order to prevent potential plaintiffs from taking advantage of the willingness of foreign companies to resolve disputes between the parties in order to subject them to the jurisdiction of the Israeli Court system.
In two Court rulings handed down recently, the Court imposed personal liability on the D&Os towards employees of the company.
Visit our new press section to learn about the firm's acclaims by the world's leading legal directories - Press here
Recently two Court rulings were handed down, in which the courts referred to several aspects of a derivative claim: Only in rare circumstances will a derivative claim be dismissed in limine; a Derivative Claim Cannot be Filed by a Former Shareholder.
On 24 April 2009 the Haifa District Court handed down its decision in an insurance claim filed by Sky Club Ltd - C.F.270-00. In its decision, the District Court ruled that an insurer which failed to pay insurance benefits on time may be obliged to compensate the insured for the damage it suffered as a result of the delay.
On 4th June 2009, Levitan, Sharon & Co. held their Annual Seminar at the Dan Panorama Hotel for the Israeli Insurance Market which was attended by more than 150 of the managers and leading attorneys of the claims departments of all leading insurance companies and insurance agencies.
On 6th December 2006 the firm conducted a seminar hosting the leading loss adjusters of the Israeli insurance market.
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