Become a Member

By

Marian Lebor

Opinion

Could this be the end of the petek?

December 14, 2010 17:42
1 min read

History was made today when the money refund law came into force. At long last, Israeli consumers can take back
goods and receive a refund rather than a credit note, which in Israel is a tiny piece of paper known as a "petek". And perversely, the higher the value of the credit note, the tinier the petek will be.

Or can they?

According to today's Globes:

"Implementation of the law is not simple. Both consumers and traders need to become expert in the small details of when the law applies, for what products, within what amount of time, and the obligations of each side, in order to implement the law properly.

To get more from opinion, click here to sign up for our free Editor's Picks newsletter.