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ARTICLE · 16 APRIL 2024

Arbitration In Israel: New 2024 Arbitration Law

Aceris Law
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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...

IsraelLitigation, Mediation & Arbitration
Aceris Law
Aceris Law
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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 by the 1968 Arbitration Law.

The main objective of the New Arbitration Law is to adapt Israel's arbitration regime to international standards.

As stated in Section 2(e)(1), in the interpretation of the New Arbitration Law, "its international origin must be taken into account and the need to ensure that the principle of good faith is maintained [in order] to promote uniformity in the application of these at the international level."

The New Arbitration Law is divided into ten chapters:

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