In 1991 an amendment to the Israeli Companies Act was enacted, which allowed companies to insure their D&Os. In 1993 less than 15 claims were notified to Insurers under the D&Os' liability policies. In 2017 there were about 520 D&O claims in Israel notified under D&O policies, out of which app. 5% were liquidators/ special
The connection between the legal duty to report a cyber-breach and the exposure to liability claims arising from a cyber-attack has already become common knowledge. In the past year, several developments occurred in the Israeli law increasing the duty to notify a cyber-breach, and thus the exposure to liability claims. Until May 2018, the
Adv. Moshe Abady, Adv. Yael Navon and Adv. Adi Margalit D&O Liability Team; December 2017 What is the most significant change in D&O Litigation in Israel in the last few years? The increase in the number of motions filed with the Court requesting to certify the filing of Derivative Actions against D&Os. Whereas between the years
Background Very rarely do Israeli Courts address the interpretation of D&O Liability Insurance policies. Almost all insurance claims against D&O insurers are settled out of Court and therefore, there are very few Court judgements which refer to such policies. One of these judgements is C.A. (Haifa) 4600/07 Kenge Mansur v. Sahar Zion Insurance Co. Ltd.