The New Merger Regulations that Entered into Force are Expected to Impose a Heavy Burden on the Filings of Merger Notices

Partner Avner Finkelstein, together with Senior Associate Noa Schweitzer Amar, in a client update about the Merger Transaction Reporting Regulations amendment, which is part of the broader reform that began with the amendment of the Economic Competition Law, became effective on March 20, 2022. As part of the amendment to the above Regulations, the minimum annual turnover threshold of a party to a merger transaction – for filing and obtaining approval for the merger transaction – has been slightly increased. At the same time, the scope of information that the parties will be required to submit in order to obtain approval for the merger transaction has been vastly expanded.