The criterion of ordinary business activity as a qualifying feature of a major transaction

In this paper, we examine the challenges posed by “ordinary economic activity” as a criterion (qualifying feature) for major transactions. The author points out that due to the evaluative nature of this characteristic, its practical application in any given situation is inherently complex, requiring courts to conduct a detailed analysis of the company's economic activities over extended periods. Additionally, attention is drawn to fl awed legislative formulations which treat significant deals as accomplished facts, despite the fact that all consequences exceeding ordinary economic activity should be regarded not as realized but rather as anticipated.