Israel's Antitrust Authority has informed gas supplier Supergas of its intention to file criminal indictments against the company, marking the authority’s first use of criminal sanctions for an alleged failure to provide information.
Israel’s government has updated its competition law by giving the Antitrust Authority the ability to impose administrative fines for antitrust violations, significantly boosting the agency’s enforcement potential.
The Israel Antitrust Authority has appointed Compass Lexecon economist Assaf Eilat as deputy chief economist and head of a newly created economics unit.
Israeli food manufacturer Strauss is facing increasing pressure to lower the cost of its chocolate bars, as consumer groups threaten to refer it to Israel’s Antitrust Authority over alleged abuse of dominance.
Israel’s Antitrust Authority has cleared a 253 million shekel (€50 million) merger between Delek Auto and Kamor Motors, provided that Kamor sells its stake in a business that sells a competitor’s cars.
Israel’s Antitrust Authority has opened an investigation of book retailer Steimatzky over allegations that it breached the terms of its merger with rival Sifri by arranging restrictive agreements with publishers.
Israel’s Antitrust Authority could begin collecting information on the country’s dairy market. A change in the law means it now has the power to investigate concentrated markets and declare the existence of oligopolies.
Israel’s Electra is hoping to succeed where building materials company Nesher has failed in acquiring cement company Hanson for 425 million New Israeli shekels (€85 million).
Israel’s communications minister has called on the country’s Antitrust Authority to examine whether the mobile phone industry requires greater regulation because of recent pricing activity.
The director general of Israel’s Antitrust Authority, Ronit Kan, yesterday stood down from her post a year earlier than planned. Her tenure was due to end in November 2011.