All articles by Avi Abramovich

Example of a Family Covenant – Part 2 of 2

By | Estate planning, Family disputes and solutions, Family Governance and Family Charters, George Rosenberg, Avi Abramovich | 5 min read

Part 2 of Example of a Family Covenant Suggested format of a family covenant with different clauses, as may be relevant, part 2 of 2, clausues 8-16. 9. Ownership and transfer of Company shares Review (and amend if necessary) ownership structure with regards to various share types: Decide whether the family members that hold a management share can appoint themselves and/or anyone on their behalf to the board of directors Set the value of shares held by the founders, in the event of their death or incapacity. Formulate the terms and...

Read More

model family covenant

Example of a Family Covenant – part 1 of 2

By | Estate planning, Family disputes and solutions, Family Governance and Family Charters, George Rosenberg, Avi Abramovich | 4 min read

Example of a Family Covenant - Part 1 of 2 Suggested format of a family covenant with different clauses, as may be relevant, part 1 of 2,clauses 1-8. 1. Introduction Explanation about the family structure, the relevant assets, the nature of the family business and the manner in which the structure is to be managed.  In most cases, family assets are divided into the core business, being an active company/ies, on the one hand, and assets held by the family for investment purposes, on the other hand. You will find below a separate reference...

Read More

Example of Family Covenant