Israel: Arbitration & Dispute Resolution

On 12 February 2024, the Israeli Knesset adopted the long-awaited 2024 International Commercial Arbitration Law (the "New Arbitration Law"). Before the reform, arbitration in Israel was governed...

Imagine the following situation: at the old coffee shop located at the hallways of the Court, two people are talking, one is an arbitrator in a famous case and the other is representing a big client in that same case.

In the judicial system in Israel there is the phenomenon of continuation of legal proceedings and there is a great burden on the court system.

An Israeli court revoked ICAC arbitration awards obtained by the Ukrainian Ministry of Internal Affairs, and declared them unenforceable due to what it considered to be unjust arbitration procedures under Section 5 of the New York Convention on Recognition and Enforcement of Foreign Arbitral Awards.

It is recently apparent, that more and more key players and commercial as well as national entities world wide, are adopting an innovative conception, according to which, the most efficient and practical method to resolve commercial disputes and enforce such resolutions, especially internationally speaking, is by international arbitration rather then legal procedures in domestic courts wherever they may be.