A landmark bill passed in Israel Monday that looks to overhaul the nation’s economic structure by reducing the amount of control near-monopolies have.
The bill calls for pyramid-structured companies to reduce their structure to three tiers of companies in the next four years; in the next six years, the companies will be required to reduce their structure to two tiers. The new law also forbids cross-ownership of a financial and non-financial entity with assets worth more than $11.4 billion.
Finance Committee head Nissan Slomiansky said the bill has “radically changed the economy’s future structure” as politicians look to reign in control of dominant companies. The legislation passed with a 73-0 vote with one abstention.
Full Content: Haaretz
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI