25th Knesset · outgoing

Class Actions Law (Amendment – Filing a Claim Against a Body Whose Activity Requires a License) Bill

Translated from Hebrew: הצעת חוק תובענות ייצוגיות (תיקון - הגשת תובענה נגד גוף אשר פעילותו מחייבת רישיון)

TL;DRThe amendment limits the filing of class actions against supervised bodies and small bodies and by serial plaintiffs, and requires pre-claim procedures with the supervisor.

Translated from Hebrew

What does the bill do?

The proposal amends the Class Actions Law in several ways: it requires an application to the supervisor before filing a claim against supervised financial bodies; it limits the filing of motions to certify class actions (no more than two a year for the same plaintiff); it prohibits filing a class action in which the defendant is a body with equity below NIS 90 million in a demand for monetary relief; and it states that a defendant's claim that the action is not a class action will be heard before the decision on certification. The amendment also changes provisions on lawyers' fees, requirements of the settlement procedure, and legal expenses.

Passed preliminary readingFirst plenum vote: January 8, 2025

Initiated by: a party that left the coalitionRead the full text (bill for preliminary reading) ↗

Passed21 for · 4 against · 4 abstained · 91 did not vote