Randor Rule
It is customary in the construction field in Israel to begin the execution of a construction project before a building permit is granted by the local committee for reasons related mainly to maximizing the profitability of the project. It is usually found that both the client and the contractor gave a hand to this: the […]
Business Judgment Rule
The Corporate Law applies in the state of Delaware has developed three different standards of judicial review of business decisions made in the company. On one end of the spectrum stands the BJR – business judgment rule, which confers a kind of “immunity” to decision-makers against imposing liability for breach of Duty of Care. On […]
The Duty of Conduct Applied to Officers and Controlling Shareholders
Duty of care – in order to perform as a company officer, one must have reasonable skills to fulfill that position. The breach of the Duty of Care that applies on an officer implies only a “procedural duty” that concerns decision-making based on material information that is likely to be received in the circumstances of […]
Securing Purchaser’s Money in case of Contractor’s New Apartment Sale Agreement
Many tenants living in rented accommodation desire to turn into owners of a residential apartment. Most apartment buyers invest all of their savings in the purchase and even take loans for the purchase. New apartments are usually purchased before its existence, and the contractor builds the apartments with the purchase money of the buyers which […]
