|Event:||The Bank's Fiduciary Duty - Towards a New Model|
Professor Ruth Plato-Shinar is one of the leading Israeli authorities in the field of Banking Law. She is the author of the book 'Banking Law: The Bank's Fiduciary Duty' (2010). Currently she is co-authoring a book on Negotiable Instruments with Professor Aharon Barak, the former Israeli Chief-Justice.
Different legal systems impose varying degrees of fiduciary duty on the banks. The lecture will analyze two models of the bank's fiduciary duty. Firstly, the Israeli model, which imposes a fiduciary duty towards all customers and many third parties, thus imposing a very wide liability on the banks. Secondly, the Anglo-American model, which does not inherently consider the bank-customer relationship as a fiduciary duty, yet it states exceptions to the rule. The lecture will suggest a third, middle model, that balances the conflicting interests of the parties, creates appropriate norms of banking conduct, and establishes a proper banking culture.
This event is open only to the Cardozo community. Registration is required. To register, please fill out the form to the left of this page. Lunch will be provided. If you have any questions, please call The Center at 212.790.0257.