Amendment to the Restrictive Trade Practices Law
Categories: Antitrust
On January 10, 2019, an amendment to the Restrictive Trade Practices Law, now known under its new name, the “Economic Competition Law”, entered into force. Michal Rothschild, head of Antitrust & Competition Department and Arik Brenneisen, a partner in the department, summarized the main changes to the law, which expand the powers of the Competition Commissioner. The main changes are to the definition of what constitutes a “monopoly”, certain provisions regarding merger control, and the sanctions for violating the provisions of the law.
