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Legal systems impose varying degrees of fiduciary duty on the banks. This paper analyses three models, thereby pointing out the differences between them. First, the Anglo-American model, which does not inherently consider the bank-customer relationship as a fiduciary one, yet it states...
Persistent link: https://www.econbiz.de/10013055103
A deep-seated rule in Israeli law is that the bank owes a fiduciary duty to its customers. The concept of imposing a fiduciary duty on banks is not originally an Israeli one. The Israeli courts adopted it from British law. However, from the moment that it was introduced in Israel, the courts...
Persistent link: https://www.econbiz.de/10013055157
According to Israeli law, the bank owes a fiduciary duty to its customers. However, recently, the Israeli courts have expanded the doctrine of the ban's fiduciary duty in various ways: In terms of the content o the duty; in terms of the scope of the beneficiaries – other than customers –...
Persistent link: https://www.econbiz.de/10013055159
A deep seated rule in Israeli case law is that the bank owes a fiduciary duty to its customers. The concept of imposing a fiduciary duty on banks was adopted by the Israeli courts from English principles of Equity. However, the Israeli courts expanded the notion far beyond its original English...
Persistent link: https://www.econbiz.de/10013055167