Last week the Israeli Competition Authority (ICA) published several clarifications regarding the application of the Israeli Economic Competition Law in light of the coronavirus pandemic and the unprecedented business-related challenges it raises.
It is a core principle of competition law that a state of emergency or business distress does not necessarily protect a cooperation between competitors. However, the current state of emergency may be relevant to the application of the law, for instance by increasing the economic and competitive benefits and necessity of certain types of collaboration arrangements between competitors.
We have analyzed the ICA's publication in the our latest client update, covering the following:
- Collaboration arrangements between competitors to accommodate the state of emergency
- A more flexible approach towards "gun-jumping" rules
- The postponement of the deadline for submission of reports to the ICA in accordance with the Food Sector Law
Click here for the full update.