The Israeli Companies Law provides for two tests a company’s board of directors must perform to approve a resolution to distribute dividends. The first test is the “profit test” and the second is the ...
The Tel Aviv District Court (Economic Department) has restored certainty to directors in relation to the profit test for dividend distributions. The court ruled that the profit test is a retroactive ...
Ceylon Tobacco Company PLC (CTC) has declared a first interim dividend of Rs.34 per share for the three months ended March 31, 2026, according to a filing with the Colombo Stock Exchange. ..
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