Legislation regarding the judicial changes will proceed next week

ISRAEL - In Brief 23 Mar 2023 by Jonathan Katz
Netanyahu announced tonight (Thursday) that the legislation regarding the change in the judicial committee which appoints Supreme Court judges will proceed next week as planned. This proposal will enable the coalition to appoint the head of the Supreme Court and replace two judges (out of 15), while the next appointments will require one judicial member (or one opposition representative) to agree with the six coalition members on the committee. Netanyahu stated that he will be involved in passing this legislation, now that he can no longer be declared “unfit” due to his indictment. Yesterday, a law was passed preventing the capability of removing the PM except in extreme situations regarding health. Netanyahu’s announcement came as a big disappointment as expectations were that due to pressure from his defense minister Gallant (who apparently threatened to resign, but changed his mind after a talk with Netanyahu), this legislation will be frozen. We expect markets to express this disappointment with a weaker shekel and next week with downward domestic pressure on markets.

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