About this ruling
This ruling was handed down in proceedings in which the firm represented one of the parties, and is presented here as published, with identifying details of private individuals redacted to protect their privacy. The complete document is available to read and download below.
Every case is decided on its own facts, evidence and applicable law. No conclusion about the possible outcome of another matter can be drawn from the result in this one, and nothing here constitutes legal advice.
Ruling summary
Two cross-motions to order security for costs under section 353A of the Companies Law, in two parallel proceedings between two companies. The court granted the applicant's motion and ordered the opposing company to deposit NIS 10,000 in cash to secure the applicant's costs, having failed to prove financial strength, ruling that its claim would be struck out absent the deposit. The counter-motion, to order the applicant itself to post security, was denied after it showed it is an active company owning an income-producing property. The firm represented the applicant. (Netanya Magistrates' Court, CC 70591-08-24 and CC 12793-08-24, decision of 25.6.2026)