Event: The Knesset Passes Israel Lands Law (Amendment No. 3) on Foreign Ownership
The Knesset passes Amendment 3 to the Israel Lands Law of 1960 that bans selling, renting, or otherwise transferring land for more than five years to a “foreigner” or an entity acting on behalf of a foreigner. The amendment designates as a “foreigner” an individual who is not an Israeli citizen or legal resident or who cannot immigrate to Israel under the 1950 Law of Return. The amendment is aimed at preventing Israeli Palestinians from bequeathing or transferring property to their refugee relatives abroad.