Why is this turning into a quasi political debate?
The gentleman asked a question regarding his Israeli issued ATPL.
No speed restriction:
I am not familiar with the Israeli ATPL, but since it's an ICAO licence I can only assume that the ATPL is valid as long as your medical and instrument rating are kept current.
I found the following website which may be of some use
http://www.mot.gov.il/wps/portal/HOME/EN_CAA