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dc.contributor.authorUrman, Anat
dc.date.accessioned2014-03-03T20:06:58Z
dc.date.available2014-03-03T20:06:58Z
dc.date.issued2001-12
dc.identifier.otherurman_anat_200112_llm
dc.identifier.urihttp://purl.galileo.usg.edu/uga_etd/urman_anat_200112_llm
dc.identifier.urihttp://hdl.handle.net/10724/20464
dc.description.abstractThis thesis considers the corporate legal systems of Israel and Delaware as they address the subject of corporate distributions to shareholders. The thesis reviews the significance of cash dividends and the acquisition by corporations of their own stock, in the management and survival of corporations, the effect they have on the disposition of creditors, and the extent to which they are restricted by operation of law. The thesis demonstrates how dividends and share repurchases may translate into a transfer of value from creditors to shareholders. It considers the effectiveness of the legal capital in securing creditors’ interest, and concludes that the legal capital scheme presents no real obstacle to distributions. It is further concluded that despite the recent corporate law reform in Israel, Delaware’s corporate law system continues to surpass Israel in flexibility and broad approach to distributions. Nevertheless it is expected that Israeli courts will consider Delaware’s methodology on the matter.
dc.publisheruga
dc.rightspublic
dc.subjectDebt
dc.subjectDistribution
dc.subjectDividend
dc.subjectEquity
dc.subjectEquity Cushion
dc.subjectFiduciary
dc.subjectGreen Mail
dc.subjectInsolvency
dc.subjectLegal Capital
dc.subjectLeverage
dc.subjectNimble Dividend
dc.subjectPar Value
dc.subjectRecapitalization
dc.subjectRedemption
dc.subjectRestrictive Covenant
dc.subjectRepurchase
dc.subjectSurplus
dc.subjectTakeover
dc.titleCorporate distributions to shareholders in Delaware and in Israel
dc.title.alternativecash dividends and share repurchases
dc.typeThesis
dc.description.degreeLLM
dc.description.departmentSchool of Law
dc.description.majorLaw
dc.description.advisorCharles R. T. O'Kelley
dc.description.committeeCharles R. T. O'Kelley
dc.description.committeeFredrick W. Huszagh


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