The Israel Antitrust Authority Is Proposing Comprehensive Amendments To The Restrictive Trade Practices Law

Recently, the Israel Antitrust Authority (IAA) published a memorandum of law entitled "Strengthening Enforcement and Reducing the Regulatory Burden." At issue is a comprehensive amendment to the Restrictive Trade Practices Law. This amendment seeks to focus the prohibitions prescribed in the law on the core prohibited trade practices. It also seeks to increase the enforcement measures against entities with a material impact on the economy.

Following is a brief summary of the key amendments:  

Expanding the application of the law -The memorandum expands the definition of the term "company" to explicitly include foreign companies, foreign partnerships, and NPOs. This means the relevant provisions of the law will also apply to foreign companies (and partnerships) not registered in Israel. This will be based on their nexus to the Israeli market.