Global Competition Law is primarly a practitioner's guide presenting the most salient aspects of the major competition laws country by country, giving an overview of their structure and most charasteristic elements.
Global Competition Law also provides insight into possible future developments in the field.

Global Competition Law

According to Section 19, companies may not merge unless a Pre-Merger Notification is issued and the consent of the General Director to the merger is given.
The notification must be filed using the form (new version in May 2022) attached to the Registration, Publication and Reporting of Transactions Regulation, 2004.
Before notification, the parties may also apply for a Pre-Ruling Opinion under Sec …

Merger notification

According to Section 19, companies may not merge unless a Pre-Merger Notification is issued and the consent of the General Director to the merger is given.

The notification must be filed using the form (new version in May 2022) attached to the Registration, Publication and Reporting of Transactions Regulation, 2004.

Before notification, the parties may also apply for a Pre-Ruling Opinion under Section 43A, where they have doubts about the validity of the transaction.

In November 2019, the Director General of the Competition Authority announced that he would consider  granting exemptions from the obligation to file a merger notification to undertakings with a sales turnover of less than ILS 20 million (EUR 5.5 million).

Pursuant to Section 20(b), the General Director must inform the concerned companies of his/her decision as to whether to consent or object to the merger and whether any conditions are stipulated therefore, within thirty days of the date on which the premerger notification form is received. Failure to give such notice within this deadline is deemed to constitute a notice of consent. The 2019 amendment allowed the General Director to increase the deadline from 30 to 150 days, either by reasoned decision, or with the consent of the notifying parties.

The decision must not be taken before the General Director consults with the Exemptions and Mergers Advisory Committee. Finally, the General Director may approve the transaction, establish conditions for its approval or oppose it. According to the 2011 Draft Guidelines for Remedies in Mergers, where remedies are contemplated, they should: i) address specific anticompetitive concerns; ii) be enforceable and allow effective supervision over the merging parties' compliance (with minimum monitoring costs); iii) be tailored to address the competitive concerns in a timely manner; iv) be feasible in the sense that parties should have the ability to comply.

The General Director's decision is issued to the parties to the transaction and published in the Official Gazette, in two daily newspapers and on the ICA's website.

Global Competition Law

1035. Merger notification

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Les notions juridiques connexes

1035. Merger notification

Demandez un accès gratuit au contenu exclusif Livv – juristes d’entreprise

Les notions juridiques connexes

Demandez un accès gratuit
au contenu exclusif Livv – juristes d’entreprise