The unexpected effects of israeli courts’ approach to dual-listed companies
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Alon Klement
* Professor of Law, Buchmann Faculty of Law, Tel Aviv University. I thank Shaked Torem Yam for excellent research assistance. Cite as: Alon Klement,
The Unexpected Effects of Israeli Courts’ Approach to Dual-Listed Companies , 23 Theoretical Inquiries L. 37 (2022).
Abstract
This Article studies the Israeli courts’ approach to choice of law in securities class actions against dual-listed companies, and its unexpected adverse effects on Israeli shareholders. Israeli courts apply American law to dual-listed companies, as an inducement for companies to list their shares for trade on the Tel Aviv stock exchange. However, one of the outcomes of this choice was to enable American attorneys to include Israeli-traded shares in American securities class actions. The Article claims that this outcome might undermine Israeli shareholders’ rights and reduce their expected compensation.
About the author
* Professor of Law, Buchmann Faculty of Law, Tel Aviv University. I thank Shaked Torem Yam for excellent research assistance. Cite as: Alon Klement, The Unexpected Effects of Israeli Courts’ Approach to Dual-Listed Companies, 23 Theoretical Inquiries L. 37 (2022).
© 2022 by Theoretical Inquiries in Law
Articles in the same Issue
- Frontmatter
- Introduction
- Delaware’s copycat: Can delaware corporate law be emulated?
- The unexpected effects of israeli courts’ approach to dual-listed companies
- Access to evidence in private international law
- Recognition and enforcement of foreign judgments in American courts and the limits of the law market model
- Enforcement of foreign judgments, systemic calibration, and the global law market
- Whose law is it anyway? The case of matrimonial property in Israel
- The puzzle and persistence of biglaw clustering
- The transformation of the art market: Law, norms, and institutions
Articles in the same Issue
- Frontmatter
- Introduction
- Delaware’s copycat: Can delaware corporate law be emulated?
- The unexpected effects of israeli courts’ approach to dual-listed companies
- Access to evidence in private international law
- Recognition and enforcement of foreign judgments in American courts and the limits of the law market model
- Enforcement of foreign judgments, systemic calibration, and the global law market
- Whose law is it anyway? The case of matrimonial property in Israel
- The puzzle and persistence of biglaw clustering
- The transformation of the art market: Law, norms, and institutions
