Representation of One of Israel's Major Banks Before the Antitrust Tribunal

Our firm represented one of Israel's major banks in a hearing before the Antitrust Tribunal, regarding the Israeli Antitrust General Director's determination with respect to exchange of information between competitors.

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Our firm represented one of Israel’s major banks in a hearing before the Antitrust Tribunal, regarding the Israeli Antitrust General Director’s determination with respect to exchange of information between competitors. The General Director determined that our client, as well as four of the largest banks in Israel, maintained restrictive arrangements concerning the exchange of information relating to commissions charged for households and small businesses. Following in-depth economic and legal research, supported by worldly renowned economic expert opinions, we submitted a comprehensive appeal to the Antitrust Tribunal. Following our appeal, the Antitrust Tribunal expunged a significant part of the General Director’s response to the appeal. Thereafter, the banks entered into negotiations with the General Director, pursuant to which a consent decree was signed between the banks and the General Director, in accordance with Section 50(b) of the Restrictive Trade Practices Law, 5748-1988.
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