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Knesset Approves "Reasonableness" Bill In Second & Third Reading

ISRAEL

The Knesset approved the "reasonableness" bill in second and third readings after rejecting all 140 opposition reservations.

  • The bill was passed by 64 votes to zero after opposition MKs left the chamber in protest against the judicial overhaul.
  • Defence Minister Yoav Gallant, who was pushing for a last-minute compromise, toed the coalition's line and voted in favour of the bill.
  • The legislation becomes law despite widespread protests and intense last-minute attempts to broker a compromise.
  • The bill strips courts off the right to scrutinise the "reasonableness" of government decisions, including appointments of officials.
  • USD/ILS spikes higher in reaction to these headlines, rallying as high as to 3.6421 before ticking away from there.
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News

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