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

Failure to notify correctly, implementation before approval or failure to observe a decision of the ICA constitutes a criminal offense punished by three years imprisonment for an individual or a fine of up to ILS 2.02 million (EUR 562.635) plus an additional fine of up to ILS 14,000 (EUR 3.899) for every day the offense continues for an individual (or double of these sums for a corporation). Fines …

Fines

In its decision, the ICA may impose conditions such as divestiture of certain assets or behavior undertakings. It may also suggest remedies to the parties during the review process. Under Section 25, the General Director may file an application for a divestiture order before the Tribunal if he believes, that there is a reasonable likelihood that, as a result of a corporate merger made contrary to the provisions of the Act, competition in the relevant sector would be significantly harmed or that the public would be injured.

Such divestiture may take place either by means of restoring the situation to its former state, or by means of transferring some of the shares to an unrelated body, of the merged companies' choosing, or by means of the establishment of another company to which some of the assets of such companies would be transferred, or by any other means as the Tribunal sees fit.

Conditions and commitments - Divestiture

Failure to notify correctly, implementation before approval or failure to observe a decision of the ICA constitutes a criminal offense punished by three years imprisonment for an individual or a fine of up to ILS 2.02 million (EUR 562.635) plus an additional fine of up to ILS 14,000 (EUR 3.899) for every day the offense continues for an individual (or double of these sums for a corporation). Fines can only be imposed by a court order.

Alternatively, breaches of the Act's requirements also incurred an administrative fine of up to 8% of the undertakings' turnover with a ceiling of ILS 24.5 million (EUR 6.8 million). The 2019 amendments raised that ceiling to ILS 100 million (EUR 27.8 million).

Global Competition Law

1038. Fines

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Les notions juridiques connexes

1038. Fines

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