President mediating compromise talks on judicial reform

Benny Gantz, Yair Lapid, Isaac Herzog, Yariv Levin  credit: Knesset Spokesperson, Reuters, Rafi Kutz
Benny Gantz, Yair Lapid, Isaac Herzog, Yariv Levin credit: Knesset Spokesperson, Reuters, Rafi Kutz

The government and opposition have been submitting their comments on compromise formulas drafted by President Herzog.

"Globes" has learned that discussions have begun on a compromise over the government’s judicial reform plans. In telephone conversations and meetings held by President Isaac Herzog with Simcha Rothman and Yariv Levin on the one hand and Benny Gantz and Yair Lapid on the other, compromise ideas have been formulated for all aspects of the reform.

Herzog has been keeping President of the Supreme Court Esther Hayut informed of progress in the talks. Over 150 businesspeople and academics have supported a call for dialogue on the government’s plans.

Sources inform "Globes" that the sides have been asked to submit their comments on the compromise drafted by President Herzog, and at least some comments have already been relayed to him. On both sides, however, there are internal differences of opinion.

On the coalition side, Shas leader Aryeh Deri is the leading voice in favor of dialogue. Surprisingly, people in the Religious Zionist party too have come out in favor of compromise, after a letter from several leading rabbis in that camp this week expressed approval for such a move. Minister of Justice Levin continues to lead a more hawkish line opposing any material changes to the proposed legislation. It has been reported that if any changes are introduced over his head, he will consider resigning, but his bureau vigorously denies this.

On the other side, Gantz is leading the call for dialogue, while Lapid has set tough prior conditions. Nevertheless, he and his associates too are examining the various compromise formulas and responding to them.

Rothman, who is chairperson of the Knesset Constitution, Law and Justice Committee, committed to bringing the first two bills enacting the reforms before the Knesset for first reading this Monday, but "Globes" has learned that that there is a possibility of a further postponement if there is progress in the closed talks. Approval of the bills at first reading will be a severe blow to the chances of success for Herzog’s initiative.

Published by Globes, Israel business news - en.globes.co.il - on February 16, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

Benny Gantz, Yair Lapid, Isaac Herzog, Yariv Levin  credit: Knesset Spokesperson, Reuters, Rafi Kutz
Benny Gantz, Yair Lapid, Isaac Herzog, Yariv Levin credit: Knesset Spokesperson, Reuters, Rafi Kutz
Forbes Rich List credit: Shutterstock Maslowski Marcin Wiz founders ranked in Forbes 2025 Rich List

There are a few dozen Israelis listed in the 2025 Forbes Real-Time Billionaires List including Wiz founders Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak.

SatixFy CEO Nir Barkan credit: Ariel Barkan Canada's MDA Space to buy Israeli satcom co SatixFy

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

Raising dollars credit: Shutterstock Israeli startups raised over $1b in March

Israeli privately-held tech companies have raised $2.1 billion in the first three months of 2025, according to IVC-LeumiTech, up 24% from the corresponding quarter of 2024.

Terminal 1 credit: Personal image Terminal 1 reopening revives Israel low-cost fare options

With the opening of the terminal for international flights, the Irish low-cost airline Ryanair has returned to Israel and with it, double-digit US dollar round-trip fares.

Arkady Volozh  credit: Shlomi Yosef Analysts see Israel-linked Nebius challenging CoreWeave

Nebius, founded by Yandex founder Arkady Volozh, operates in CoreWeave's AI server market, but is growing "more rationally", and has far less debt.

Bezalel Smotrich and Amir Yaron credit: Knesset Spokesperson and Tali Bogdanovsky Retail chains, credit card cos could soon act as banks

Israel's financial regulators have proposed that supermarket chains, credit card companies and investment houses will be able to accept deposits and offer credit.

Elbit Systems rocket launcher  credit: Elbit Systems Elbit Systems wins $130m European rocket order

The order is for the supply of rockets for Elbit's Precise and Universal Launching System (PULS), which has an effective range of up to 300 kilometers.

Nvidia VP Ali Kani credit: Nvidia Nvidia intensifies efforts to compete with Mobileye

"Globes" talks to Nvidia VP and automotive team head Ali Kani about the chipmaker's autonomous vehicle activities and assesses the threat to Mobileye.

Fitch ratings agency credit: Shutterstock Fitch reaffirms Israel's A rating with negative outlook

The ratings agency said, "The negative outlook reflects rising public debt, domestic political and governance challenges and uncertain prospects for the conflict in Gaza."

Tamar rig credit: PR Sovereign Wealth Fund earned handsome returns in 2024

Israel's Sovereign Wealth Fund, known as the Citizens' Fund, had assets worth about $2 billion at the end of 2024, the Ministry of Finance reports.

Fencing goes up Petah Tikva's Segula neighborhood  credit: NTA Work on Metro to begin in Petah Tikva

The first work on the Tel Aviv Metropolitan underground railways system will begin on the M2 line depot in Petah Tikva.

Startups credit: Shutterstock/NicoElNino IVC-LeumiTech: Tech fund raising jumps 24% in Q1

Israeli privately-held tech companies raised $2.13 billion in the first quarter of 2025, up 24% from the corresponding quarter of 2024, but down 12% from the preceding quarter.

Miri Regev and Yitzhak Rochberger credit: Yediot Ahronot/ Reuven Kapuchinsky and Amit Shabi Ramat Hasharon wants railway station for the Mossad

Ramat Hasharon is pushing for a station in Glilot neat the Mossad headquarters, even though a new station is also planned for Glilot South, 1.6 kilometers away.

Prime Minister Benjamin Netanyahu credit: Reuven Kastro Police call Netanyahu for testimony as aides arrested

Jonatan Urich and Eli Feldstein are being held over alleged payments received from Qatar while working in the prime minister's bureau.

Highcon chairperson Shlomo Nimrodi  credit: PR Packaging tech co Highcon winding down

The company, which numbers Benny Landa and JVP among its investors, is laying off most of its workforce, having lost 99.9% of its value since its flotation.

MK Almog Cohen  credit: Danny Shem-Tov, Knesset Spokesperson's Office Netanyahu halts Nevatim airport bill

Legislation mandating construction of an airport at Nevatim, near Beersheva, is ready for final Knesset approval, but the prime minister blocked it after a security cabinet meeting.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018