Client updates / Monopolies

Monopoly: Meta to Pay ILS 25 Million for Failing to Report Mergers

25 January 2024 / Gal Rozent, Irit Brodsky

The high fine spares Meta an official determination by the Israel Competition Authority that it violated competition law by failing to report mergers, and serves as a “warning sign” to other international corporations that may not be sufficiently familiar with the obligation pursuant to Israeli law to report a merger if the company fulfills the monopoly criterion.

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Categories: Antitrust and Competition | Corporate | Regulation

Israel: Suing Monopolies for Setting Unfairly High Prices

14 May 2023 / Irit Brodsky

The regulations grant several new rights to the relevant data subjects, when the database contains information transferred from the European Economic Area (EEA) to Israel, including the data subject’s right to delete information and a broader right of review.

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Categories: Antitrust and Competition

Israel: Monopoly Fined for Unfair Excessive Price

22 January 2023 / Gal Rozent, Ran Karmi

The Israeli Competition Director General fined MBI and company officers after they spiked the price of a life-saving drug called Leadiant by hundreds of percentage points.

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Categories: Antitrust and Competition

Israeli Supreme Court: Monopolies May Be Sued for Charging Unfair Excessive Prices

31 July 2022 / Gal Rozent, Irit Brodsky, Ran Karmi

Israeli district courts have already recognized the possibility of suing a monopoly for charging an unfair excessive price, but the Israeli Supreme Court’s recognition of this cause of action ends defendants’ potential arguments for opposing this very possibility.

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Categories: Antitrust and Competition | Regulation

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Client updates / Monopolies