Roman Abramovich and the ZAKA organization filed a lawsuit against Mizrahi-Tfahot Bank after it refused to transfer 8 million shekels in donation. Following the overturning of the district court’s decision, the Supreme Court found that the bank’s actions were justified, and ruled in favor of them. However, this ruling highlights the complexities surrounding international sanctions and their potential impact on charitable organizations.
In 2014, Abramovich witnessed the work of ZAKA volunteers near Gaza Strip following Black Saturday, where he was moved by their efforts with bodies of those killed by Hamas. As a result, he decided to donate money to support their cause. Unfortunately, Mizrahi-Tfahot Bank blocked the transfer citing European Union and British sanctions on Abramovich’s assets. The plaintiffs argued that these restrictions did not apply to humanitarian aid, but this claim was ultimately unsuccessful.
The Supreme Court found that there was no evidence that the bank had violated any rules or exceptions to sanctions. Furthermore, ZAKA failed to demonstrate how they would continue to exist without receiving this donation. This case underscores the importance of banks adhering to international regulations even when dealing with humanitarian aid matters.
Overall, this ruling has brought attention to the intricacies surrounding international sanctions and their effects on charitable organizations. It also raises questions about banks’ responsibilities when enforcing these restrictions and their obligations towards their clients.
