Israel registered themselves as a corporate entity in 1947. You cannot register a Corp twice under the same name in 2023 after 70+ years and it be accepted. Which means on October 31st Israel as a cooperation will expire.
Once a corporation is formed, it is a legal entity that exists separately from its owners. This means that it has its own name, tax ID number, and legal rights and obligations as a corporate structure. Israel is bankrupt. When you are in that status you have zero contract rights.