To embed, copy and paste the code into your website or blog:
The commercial business world is a global one, and so are the disputes that arise within it. Such disputes are adjudicated in courts in various countries or in arbitration proceedings, with each procedure regulated under relevant domestic legislation. (For example, the Israeli Arbitration Law regulates Israeli arbitration proceedings.)
This causes difficulties when a global dispute “must” subject itself to the domestic arbitration laws of the country where the arbitration is held. The gap between the arbitration laws of various countries leads to legal and commercial uncertainty and unnecessary expenses for the parties to the dispute.