Full coverage· Politics· Updated
Israel Advances Legislation to Curb Lawsuit Abuse Against Businesses
Israel's Knesset committees have advanced amendments to the Class Action Law to protect businesses from frivolous lawsuits. Businesses with annual turnovers up to 9 million shekels will be exempt, and a 60-day rectification period will be mandated for certain violations.
2 newsrooms · 1 language · since
Plus
What happened
- 01Knesset committees advanced amendments to the Class Action Law to protect businesses from lawsuits.
- 02Businesses with annual turnover up to 9 million shekels will be exempt from the law.
- 03A 60-day period to rectify alleged violations will be required before filing certain class actions.
- 04The changes aim to reduce legal costs and prevent the misuse of class action lawsuits.
- 05The Federation of Chambers of Commerce praised the move as "tremendous news" for Israeli businesses.
- 06The bill will now proceed to a vote in the Knesset plenum for final approval.
The Federation of Chambers of Commerce called it "tremendous news," while acknowledging the continued role of class actions in consumer protection. The bill now moves to a full Knesset vote.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- Centre1
- RightNone
- HarediNone
- ArabNone
- Other1
How it broke
See which of the 2 newsrooms broke it, and who waited
