Under the new rules, in a matter of weeks, foreign lawyers will be able to work in Israel and to provide advice on issues concerning foreign law.

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.

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.