D&O

Liquidators/Special Managers Claim Against D&O Insurers

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

By |November 7th, 2018|Categories: D&O|

The Duty to Notify a Cyber Breach in Israel

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

By |November 7th, 2018|Categories: D&O|

Litigation of D&O Claims in Israel

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

By |December 18th, 2017|Categories: Aviation - Insurance, D&O|

Proper Timing for Filing an Appeal on a Court Judgement

Approving the Filing of a Class Action and Implications on D&O Insurance   Introduction: A recent Supreme Court judgement handed down on 6 May 2010 (C.M. 8761/09 Fatal v. Cellcom), may have a dramatic effect on Class Action suits filed in Israel and as a result, on liability policies such as a D&O liability policy, which

By |August 6th, 2016|Categories: D&O|Tags: |

PRIOR KNOWLEDGE AND COVERAGE FOR DEFENCE COSTS UNDER D&O LIABILITY INSURANCE

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.

By |August 6th, 2016|Categories: D&O|Tags: |

THE FILING OF A THIRD PARTY NOTICE IN CLASS ACTIONS

A recent Supreme Court judgement handed down in the framework of MCA 5635113 (Coral-Tel v. Avihu Raz and three others) had put an end to an ongoing discussion in Israeli Courts concerning the possibility of filing Third Party Notices in Class Action claims. This judgement has a significant influence on the handling of the defence

By |August 6th, 2016|Categories: D&O|Tags: |