News
ARTICLES, MENTIONS AND APPEARANCES IN THE MEDIA
MENTIONS IN THE PRESS
Yasmin Guetta
“After 53 Years – the Supreme Court has overturned the precedent that protected the banks against irregular checks”
Ido Baum
“A revolution in the laws governing checks – Will the banks capitulate?”
Moshe Gorali
“The check has rolled on: After 54 years, the Supreme Court has overturned the precedent that favored banks over consumers who paid with a postdated check for goods they did not receive. And the banks yet were let off lightly.”
Ella Levy-Weinrib
“Drama in the banking laws: The Supreme Court has set aside the Guisky Precedent”
Efrat Neuman
“The Supreme Court has upheld in a further hearing the overruling of the Guisky Precedent that protected the banks against irregular checks”
Adv. Ophir Melech
“The Supreme Court has overruled the Guisky Precedent: A dramatic change in the laws governing the negotiation of checks”
“Class action lawsuit: Bank Leumi profited at the expense of Holocaust survivors”
“A company that collapsed is suing for 40 million shekels”
“Standing up to the bank: The bank is demanding that you pay a debt and taking steps against you? You can reach a settlement with it and sometimes even sue It. A Guide.”
“You have a debt to the bank? New regulations will enable a fairer collection process”
“An end to the anarchy in interest rates? The new Fair Credit Law”
“Your bank account has been restricted? Here is what you ought to know”
“An end to the state of anarchy? The scandalous collection of debts by the banks”
“An end to the gray market? The new law that will improve our situation: At the beginning of June controls will be imposed for the first time on the market of nonbank credit and money service providers in Israel. The law, dubbed the Exchange Bureaus Law, defines for the first time the consumer’s rights, but it does not intervene in the amount of interest charged on loans. How will the law affect us, and what rights does it secure for customers? A guide.”
“Shaul Nawi [chairman of Nawi Brothers Group Ltd.]: The banks call consumer credit a growth engine – It is a strangulation engine”
“Attorney General Mandelblit has authorized experts to testify in a class action lawsuit of Holocaust survivors against Bank Leumi”
“Business owners who wrote checks discovered that they had been cashed in a Palestinian bank”
“The legal precedent that protected the banks from irregular checks will be submitted for review to an expanded panel of seven Supreme Court justices. Last November, Supreme Court Justices Neil Handel and Uri Shoham decided to set aside the Guisky Precedent.”
“Rolling the check backward: Bank Leumi has petitioned the Supreme Court to review its landmark decision that releases the bearer of a check from payment because he did not receive the consideration for the check.”
“The overseas real estate scam: Hundreds of defrauded investors have filed suit against the First International Bank, for making suspicious money transfers, assisting in money laundering and diverting huge sums to unknown accounts, while concealing its actions from its own control entities.”
“The bank has acted against your best interests? This is grounds for a claim. In the relationship between the bank and the customer, the bank obviously is the stronger party. How can the customer protect his rights against the bank? What should he look out for in his dealings with the bank? And what can he do if the bank has violated its obligations to him?”
Rotem Shtarkman and Yasmin Guetta
“Gilad Narkis knows how the banks can ruin your life, and he has several tips for you: The banks are monopolistic bodies wielding unreasonable power, that have received from the state a license to rake in money. I advise clients not to sue them. It’s better ‘to be safe than sorry.'”
“Bank Leumi is fighting the reversal of the legal precedent that protected the banks: ‘Changing legal precedent is a ‘serious matter.” Adv. Narkis in response: ‘It’s a shame that the bank insists on continuing to make life difficult for customers.'”
“Why you should not rely on the bank: A complete guide to errors you are likely to find in your bank statements”
PRESS ARTICLES
Gilad Narkis
“The function of the Supervisor of Banks should be split in two – one that safeguards the stability of the banks, and one that protects bank customers”
Gilad Narkis
“Bank versus customer – winner or loser: Several recent court decisions have put up stop signs warning the banks against exploiting their enormous power for their own economic interests and profit, at the public’s expense”
Gilad Narkis
“Don’t rush to take advantage of the Insolvency Law: The banks show great flexibility in reaching settlements, and it is worth exploring this possibility before entering into insolvency proceedings”
Gilad Narkis
“For whom should credit actually be cut? Israeli banks should categorically not cut credit for small-to-medium enterprises due to failures of giant corporations and the writing off of their debts”
Gilad Narkis
“The thin borderline between advice and persuasion: Although investing in securities is often seen as gambling, the courts have repeatedly stated that the level of risk does not exempt the bank from the duty to provide adequate service to customers”
Gilad Narkis
“When the bank turns off the tap: The court has already held that a bank may not, unilaterally and without real cause, terminate or reduce a customer’s credit line. Now all that is needed is appropriate legislation.”
Gilad Narkis
“Adviser or interested party? – There is a clear dichotomy between the bank being a for-profit financial entity and its being a quasi-public body, which often casts the question of financial profit in a ‘problematic light’ and pits the customer’s interests against those of the bank.”
“How to do business the right way with your bank:
Doing business the right way with your bank can help you achieve your objectives and minimize any damage you may incur.”
MEDIA APPEARANCES
EYFO HAKESSEF (“Where Is The Money”)
Interview with Adv. Gilad Narkis
on the subject of the Fair Credit Law
SHESH CALCALI (“Economics at Six”)
“A code of ethics for Israel’s banks”
(from minute 51:00)
HAMUSSAF (“The Supplement”)
Adv. Gilad Narkis
discusses bank interest rates
(from minute 21:00)
HESHBON YOMI (“Daily Account”)
“End-of-year settlements” – Interview with Adv. Gilad Narkis
(from minute 21:50)
LAYLA CALCALI (“Economic Night”) Regarding the State Comptroller’s report that strongly criticizes
the practices of the Debt Execution Office (from minute 10:05)
Interview with Adv. Gilad Narkis, banking law expert.
SHISHI BEHAMESH (“Friday at Five”)
Interview with Adv. Gilad Narkis
(from minute 45:00)
What to do if you are sued by the bank
HAKOL KALUL (“It’s All Included”)
“If you have a bank debt, the next two days are the right time to pay it off and benefit from a substantial reduction – a ‘haircut’ of sorts for the average person. Watch here to find out what you need to do!…”
“The Magazine With Oshrat Kotler” – The HAMEFATZEACH (“Decoder”) segment”
“Not only tycoons can get a ‘haircut’: The ordinary people who beat the bank and got rid of their overdraft”
(from minute 46:06)
Adv. Yigal Borochovsky and Adv. Gilad Narkis
“David versus Goliath: Is there any point in bringing an action against a bank?
