Israel: the trust law and the Hekdesh deed

This article will review the provisions of the Israeli Trust Law, 1979, as they refer to the trust settled by Hekdesh deed, a legal structure with certain similarities to foundations in some foreign jurisdictions. The Israeli trust is not a separate legal entity thereby requiring an underlying company in various circumstances. The Hekdesh together with the underlying company are referred to in this article as the ‘Israeli Foundation’.