At its weekly session this morning, the government decided that it would invoke the clause in the Restrictive Trade Practices Law allowing it to circumvent the opposition of the Antitrust Commissioner’s opposition to the arrangement arrived at with gas exploration companies on regulation of the industry. Section 52 of the law allows the Minister of the Economy to override the Antitrust Commissioner if it is decided that the matter is one of state security. The diplomatic-security cabinet decided on Thursday that ensuring the development of Israel’s gas fields came within the definition of a matter of state security, but Minister of the Economy Aryeh Deri waived his authority, and so the matter came before the full government today.
Only one minister voted against today’s decision, Minister of the Environment Avi Gabbay. Minister of Finance Moshe Kahlon and Minister of Construction Yoav Galant did not vote. […]
Published by Globes [online], Israel business news – www.globes-online.com