Region: Israel

Israel looks to revamp competition rules in food sector

Israel’s government has proposed significant changes to its antitrust laws to promote competition in the food and consumer goods sector, including outright bans on conglomerate mergers of large suppliers and bundled discounts.

30 March 2023

Israeli Supreme Court annuls damages award in first excessive pricing class action

Israel’s highest court has annulled a decision awarding €4 million in damages to a class of consumers that claimed they overpaid for cottage cheese after ruling a lower court failed to prove the prices were excessive.

21 March 2023

Israeli court asserts jurisdiction over interchange fee class action

A district court in Israel has dismissed Mastercard’s and Visa’s claims that an antitrust class action against them cannot proceed because the credit cards in question were issued outside the country, in what is the first Israeli interchange fee claim involving foreign cards used by tourists.

01 March 2023

Israel conditionally clears credit card buyout

Israel’s Competition Authority has conditionally approved an insurance provider’s €721 million acquisition of a private-equity owned credit card company, albeit without raising any concerns about competition in the market.

13 February 2023

Israeli conglomerate pulls merger notification over antitrust opposition

Lawyers in Israel have warned of a “new approach” to merger control after Fortissimo Capital withdrew its request for clearance to purchase the country’s largest business-to-business platform because the national antitrust enforcer threatened to block the tie-up.

06 February 2023

Israel appoints new chief economist

Israel’s Competition Authority has made a Charles River Associates principal its new chief economist.

06 February 2023

Israel imposes first-ever excessive pricing fine

Israel’s Competition Authority has fined drug distributor MBI Pharma €2.2 million for abusing its dominance by charging unfairly high prices for a life-saving genetic disorder treatment drug, marking the enforcer’s first-ever excessive pricing infringement decision.

14 December 2022

Israel

Featured in GCR 100 2023

Israel’s competition bar works opposite a sophisticated enforcer that routinely pursues criminal cartel cases.

12 December 2022

Israel: Class actions – litigation, policy and latest developments

Featured in Class actions hub

02 December 2022

Israel: private practice perspective

Featured in Enforcer Hub

11 October 2022

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