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Tadmor Levy & Co | Israel | 11 Mar 2021

ICA publishes draft public statement regarding joint bidding by competitors

The Israeli Competition Authority recently published a draft public statement regarding the submission of joint bids by competitors in tenders. The draft proposes an interpretation of the Competition Law that may significantly affect the business activities of entities operating in Israeli tender markets. Foreign entities that consider participating in bids in Israel as part of a group should......
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Tadmor Levy & Co | Israel | 5 Nov 2020

Competition Tribunal provides important guidance on retroactive discounts

The Competition Tribunal's recent judgment thoroughly analysed the legality of target discounts offered by a dominant firm to its customers. The tribunal adopted a cautious approach towards retroactive target discounts, ruling that such pricing schemes could be condemned even if an equally efficient competitor was not excluded by the target discount and the level of market foreclosure was......
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Tadmor Levy & Co | Israel | 25 Jun 2020

Attorney general takes cautious and restrained approach regarding excessive pricing

The attorney general (AG) recently submitted his opinion regarding the applicability of the excessive pricing prohibition under Israeli law and the appropriate test for its application. Adopting the Israeli Competition Authority's current opinion regarding excessive pricing while opposing the broad approach taken by the court in the Central Bottling Company case, the AG maintained that the......
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Tadmor Levy & Co | Israel | 15 Aug 2019

Competition authority initiates wide-reaching reform of merger reporting regulations

The Israel Competition Authority recently published a draft amendment to the Antitrust Regulations (Registry, Publication and Reporting of Transactions) for public consultation. The draft includes significant and far-reaching changes regarding the scope of the transactions that will require merger approval by the competition commissioner, as well as the extent of the disclosure that will be......
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Tadmor Levy & Co | Israel | 30 May 2019

Draft guidelines on competition law amendments published

In January 2019 Parliament passed a comprehensive amendment to the Economic Competition Law 1988. Among other things, the amendment introduced an alternative definition of a 'monopoly' based on a market power test rather than market share and significantly increased the maximum cap for monetary administrative penalties which can be levied on corporations. To put the new rules into practice,......
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Tadmor Levy & Co | Israel | 14 Mar 2019

Major competition law reform comes into force

Parliament recently passed an amendment to the Economic Competition Law that represents its most significant overhaul since its enactment in 1988. The amendment covers nearly all of the law's substantial chapters and affects the regulation of restrictive arrangements, the merger control regime, the regulation of monopolies and criminal and administrative enforcement measures.
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Tadmor Levy & Co | Israel | 24 Jan 2019

Transition to self-assessment regime: ICA publishes amended block exemptions

The Israel Competition Authority recently published amended versions of the Block Exemption for Ancillary Restraints in Mergers and the Block Exemption for Joint Ventures. The amended block exemptions intend to lower the regulatory burden imposed on businesses and enable the fast implementation of efficient arrangements by expanding the use of block exemptions.
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Tadmor Levy & Co | Israel | 13 Sep 2018

Antitrust commissioner receives new powers to protect parallel imports

In recent years, parallel and private imports have become an important factor in the public debate surrounding the cost of living in Israel. The level of competition (and ultimately prices) in many product markets is heavily dependent on imports. The recent amendment to the Restrictive Trade Practices Law aims to provide the antitrust commissioner with the authority to prevent conduct by......
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Tadmor Levy & Co | Israel | 23 Aug 2018

Israel Antitrust Authority publishes new block exemption for joint loan agreements

The Israel Antitrust Authority (IAA) recently published the Antitrust Rules (Joint Loans Block Exemption) 2018. The exemption deals with loans extended jointly by a number of financial institutions to a single business borrower and provides a more formal and broader framework than the IAA's previous policy of periodic public opinions, which exempted consortium arrangements from restrictive......
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Tadmor Levy & Co | Israel | 26 Apr 2018

IAA publishes draft amendment to vertical arrangements block exemption

The Israel Antitrust Authority recently published a draft amendment to the Vertical Block Exemption for public comment. The amendment aims to expand the substantive self-assessment of vertical arrangements and was published as a response to Supreme Court rulings which called for a more lenient approach to vertical arrangements and practitioner criticism of the current exemption. The amendment......
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