Is the arbitration verdict legally binding? Yes, the arbitration verdict is binding and final for all involved parties.
Can the arbitration award be appealed? Typically, arbitration verdicts cannot be appealed. However, court intervention for verdict annulment is feasible based on limited legal grounds.
Who comprises the panel of arbitrators? The arbitrators are senior partners in the litigation department of Meitar Law Offices, with 20-30 years of experience in litigation and dispute resolution.
Can the process be tailored to specific requirements? Yes, there’s flexibility to customize the procedure to suit parties’ needs while adhering to the swift arbitration framework.
What if the process extends beyond 3 months? We strive to adhere to the specified timeline. Rare extensions, if required, are subject to agreement with possible additional costs.
Is the regulation binding?
The regulation is intended to provide a general framework and a default option, but the arbitration will actually proceed according to the decisions and instructions of the arbitrator, who will act at his discretion.
Can you choose the arbitrator who will handle the case? No, the arbitrator will be appointed by the Fast Arbitration Center based on various considerations, such as requests and availability, suitability for the subject matter, and more.
