The Israeli Parliament adopts administrative financial sanctions for antitrust violations

Israeli antitrust law is in upheaval, initiated by the antitrust authority and implemented through legislative amendments. These amendments, some enacted and some pending, expand the authority’s discretion and grant it new tools in administering the nation’s competition policy. First and foremost among these is a law allowing the antitrust authority to sanction offending firms and individuals by levying ‘administrative fines’ of considerable proportions for a series of offenses. These fines, as explained below, grant Israel’s competition agency formidable powers, positing it essentially as ‘judge, jury, and executioner’ regarding most antirust offenses. In a nutshell, the antitrust authority can unilaterally fine offending firms up to 24 million NIS (approximately 6 million US dollars) for

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • University Bar-Ilan - Department of Economics

Quotation

Adi Ayal, The Israeli Parliament adopts administrative financial sanctions for antitrust violations, 8 May 2012, e-Competitions May 2012, Art. N° 51621

Visites 43

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues