Israel fines state-owned company and executives for abuse of dominance

Janith Aranze

08 March 2017

Israel fines state-owned company and executives for abuse of dominance

istock/zhengzaishuru

Israel’s competition enforcer has imposed a 13 million shekel (€3.3 million) fine on the Israel Electric Corporation and fined two of its executives for abuse of dominance in the electricity transmission and distribution market – marking the largest corporate and individual fines the enforcer has ever imposed.