The Bank's Fiduciary Duty: An Israeli-Canadian Comparison
Ruth Plato‐Shinar
Abstract
Ruth Plato‐Shinar
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.
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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.
Key concepts: Fiduciary, Duty, Law, Political science, Business