Client updates /  Israel Competition Authority

Bank Hapoalim and Israel Discount Bank will each pay the State Treasury ILS 40 million within the framework of an administrative settlement, in respect of their acquisitions of minority stakes in a competitor.

The Israel Competition Authority (ICA) announced that as of March 31, 2025, it will begin publishing on its website a list of pending merger transactions and exemption applications for restrictive trade arrangements that are under its review.

On December 30, 2020, the Israel Competition Authority (ICA) notified SOS, a company in the field of fueling services, it was imposing a financial sanction of NIS 6.3 million on the company. In addition, it imposed a financial sanction of NIS 350,000 on an executive officer in the company. Following a complaint an SOS competitor filed with the ICA, the ICA concluded SOS had entered into exclusivity agreements with its clients. The company also implemented a policy whereby it would not provide fueling services to a client if the client simultaneously engaged with a competing fuel service provider.