The Antitrust Authority is one step closer to having the powers to probe the level of competition in various sectors of the economy, say reports, as the Knesset Economics Committee has approved of proposed amendments to the nation’s antitrust law.
The proposed changes would allow the Antitrust Authority to perform a market inquiry in various economic sectors, then relay its findings to the Treasury and to the sector’s corresponding minister, according to reports.
But the legislative changes were not without opposition. Reports say the Manufacturer’s Association has expressed criticism over the amendments, specifically regarding the bill’s clauses with regards to the disclosure of the Authority’s findings. The Association is asking for amendments to include a clause that offers companies a hearing, but antirust authorities have rejected this suggestion, say reports.
Full Content: Israel News Service
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU’s Incoming Competition Head Pushes for Policy Shift to Support ‘European Champions
Sep 19, 2024 by
CPI
Google Challenges $217 Million Legal Fee Demand in Privacy Case
Sep 19, 2024 by
CPI
EU Moves to Enforce Apple’s Compliance with New Market Rules
Sep 19, 2024 by
CPI
California Attorney General Bonta Stands Firm Against Albertsons-Kroger Merger
Sep 19, 2024 by
CPI
New FTC Report Highlights Privacy Risks in Social Media Data Use
Sep 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
Francisco Javier Núñez Melgoza
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
Julio Garcia
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
Alejandra Palacios Prieto
The Cost of Making COFECE Disappear
Sep 3, 2024 by
Mateo Fernández