The Bank's Fiduciary Duty: An Israeli-Canadian Comparison

22(1) Banking and Finance Law Review 1 (2006)

22 Pages Posted: 21 Apr 2014  

Ruth Plato-Shinar

Netanya Academic College, Israel

Date Written: October 2006

Abstract

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 expanded it far beyond its original British counterpart. The article reviews the special characteristics of the bank's fiduciary duty in Israeli law, while comparing it to the Anglo-Canadian duty.

Keywords: bank'customer relationship, fiduciary duty, Israeli banking law, Canadian banking law

JEL Classification: K12, K19, K29, K39, K23, N20

Suggested Citation

Plato-Shinar, Ruth, The Bank's Fiduciary Duty: An Israeli-Canadian Comparison (October 2006). 22(1) Banking and Finance Law Review 1 (2006). Available at SSRN: https://ssrn.com/abstract=2427356

Ruth Plato-Shinar (Contact Author)

Netanya Academic College, Israel ( email )

1 University St
Netanya, 4223587
Israel

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