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Israel: Dominance abuse fines could be headed towards auto shipment port

By  |  February 19, 2014

Israel’s Antitrust Authority is reportedly considering levying a fine of $57,000 each to two individuals of state-owned Ashdod Port for allegations the port abused its dominant position in the auto import industry.

Reports say former CEO Shuki Sagis and deputy CEO for customer services Eli Bar Yosef could be issued the fines, subject to a hearing, for accusations the two worked to prevent rival Haifa Port from being able to compete.

Antitrust Commissioner David Gilo has only recently been granted the power to issue personal fines in antitrust cases; if these fines occur, reports say they would be the first time Gilo has used those powers.

Ashdod Port Company will be subjected to a hearing before the regulator decides whether to declare the port a monopoly. The port receives car shipments from the US and Europe.

Full Content: Haaretz

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