Precedential case at Supreme Court tackles dividend distribution
Categories: Dispute Resolution
S. Horowitz partners Alex Hertman and Noam Zamir, together with Adv. Maya Ganor, successfully represented Discount Investments in a precedent-setting case before the Supreme Court regarding dividend distribution tests.
The Court accepted the company’s arguments and established a legal precedent that the profit test for dividend distribution does not necessarily have to consider anticipated losses that have not yet appeared in financial reports.
This ruling holds great significance for companies, legal advisors, and directors in interpreting the profit test for dividend distribution and creating certainty in this area.
For the full article in Globes, click here (Hebrew).
