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Boaz Golan

Israel Competition Authority Proposes New Merger Regulations
On July 28, 2019, the Israel Competition Authority (ICA) published a draft of the Economic Competition Regulations (Registration, Posting and Reporting of Transactions). Comments on the draft may be submitted by August 25, 2019.

The draft addresses two major issues - raising the merger threshold requiring filling and ICA approval, and replacing the existing merger notice form with a form requesting additional information, significantly expanding the scope of information required. This is expected to extend merger notices’ submission preparation time and increase transaction cost, especially for multinational corporations with considerable global activity and international funds with extensive holdings.

For the full update, please click here.
 
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The content in this Memo is provided for informational purposes only, and does not serve to replace professional legal advice required on a case by case basis. The Firm does not undertake to update the information in this Memo, or its recipients, about any normative, legal, or other changes that may impact the subject matter of this Memo.
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Should you have any questions or need additional information regarding this matter, please feel free to contact Adv. Boaz Golan, Partner, Head of the Antitrust and Competition Department: boaz.golan@goldfarb.com; Adv. Nimrod Prawer, Partner, Antitrust and Competition Department: nimrod.prawer@goldfarb.com; Adv. Zohar David, Partner, Antitrust and Competition Department:  zohar.david@goldfarb.com; or at: +972-3-6089850.