The Israeli Competition Authority announces its intention to fine monopolies for charging excessive prices

A. Introduction On April 9, 2014, the Restrictive Trade Practices General Director (the "General Director") published a directive regarding excessive prices charged by monopolies (the "Directive"). In the Directive, the General Director officially announced, for the first time, that he intends to take, in certain circumstances, enforcement measures (mainly administrative) against monopolies charging 'unfair' excessive prices. The Directive applies not only to monopolies that were previously declared by the General Director as such, but also to companies that meet the statutory definition of 'a monopoly' - i.e. suppliers or purchasers that hold more than 50% in a relevant market. The General Director's decision serves as a prima facie evidence in legal proceeding, so such a

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Authors

  • Barnea Jaffa Lande (Tel Aviv)
  • Bennett Jones (Toronto)

Quotation

Gal Rozent, Elad Travis, The Israeli Competition Authority announces its intention to fine monopolies for charging excessive prices, 9 April 2014, e-Competitions April 2014, Art. N° 67468

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