Israel Competition Authority Introduces New Merger Regulations
Dear Clients,
On January 12, 2022, the Knesset's Economic Affairs Committee approved the Economic Competition Regulations (Registration, Posting and Reporting of Transactions), 2004.
The new regulations address two major issues - raising the merger threshold requiring filling and ICA approval, and replacing the existing merger notice form with a form requesting additional information, in order to streamline and economize the ICA's examination process.
The new regulations significantly expand the scope of information that a merging party must provide in Israeli merger notices. Consequently, locating and processing the information is expected to extend merger notices’ submission preparation time. |