Examples of RTP Law in a sentence
Any amendment to the Companies Law, the Israeli Securities Law, the RTP Law or other applicable law adversely affecting the right of the Indemnitee to be indemnified, insured or released pursuant hereto shall be prospective in effect, and shall not affect the Company’s obligation or ability to indemnify or insure the Indemnitee for any act or omission occurring prior to such amendment, unless otherwise provided by applicable law.
Solely with respect to Purchaser A, such Purchaser (and any affiliated entity (other than the Local Sponsor and it affiliated entities), as would be deemed “affiliated” for the purposes of the RTP Law) has no operations or business activities or “sales turnover” (as such term is used in Section 17(a)(2) of the RTP Law) in the State of Israel, except as set forth on Schedule 4.6.
Solely with respect to Purchaser A, such Purchaser (and any affiliated entity (other than the Local Sponsor and it affiliated entities), as would be deemed “affiliated” for the purposes of the RTP Law) has no operations or business activities or “sales turnover” (as such term is used in Section 17(a)(2) of the RTP Law) in the State of Israel.
Any amendment to the Companies Law, the Securities Law, the RTP Law or other applicable law adversely affecting the right of the Indemnitee to be indemnified, insured or released pursuant hereto shall be prospective in effect, and shall not affect the Company’s obligation or ability to indemnify or insure the Indemnitee for any act or omission occurring prior to such amendment, unless otherwise provided by applicable law.
Section 3(2) of the RTP Law provides that arrangements which only grant a licence with respect to the right to use certain intellectual property rights (i.e., patents, copyright, trademarks, designs, performers’ rights and plant breeders’ rights), shall not be deemed “restrictive arrangements”—see in this regard section 8.2.1 below (including the conditions under which such exclusion is granted).
However, there are statutory exclusions and the RTP Law provides for individual and block exemptions.
In addition, licences to use intellectual property rights (including licences not deemed restrictive arrangements) may be further scrutinised under the relevant provisions of the RTP Law applicable to monopolies.
The RTP Law also applies to concerted practices and to policies set by trade associations which impact on their members, as well as to the conscious behaviour of a person who, knowing of the existence of a restrictive arrangement, adjusts his activities to conform with all, or part of, the arrangement.
Licences to use intellectual property rights which contain restrictions and are not excluded or exempt from being deemed a restrictive arrangement, as referred to above, may, upon an application being submitted to the Antitrust Authority and subject to the conditions specified in Section 14(A) of the RTP Law, be subsequently exempted.
Entities operating in Israel are subject to the RTP Law which, inter alia, regulates mergers and acquisitions that meet or exceed relevant notification thresholds (see section 8.2.2 below) as well as other types of restrictive practices, such as restrictive arrangements and monopolies.