The dispute between the parties will be conducted within the framework of the Israeli Business Arbitration Institute, according to the institution’s arbitration rules with the changes detailed in this document below:
Before the start of the arbitration procedure, the parties will be offered a mediation procedure within the framework of the Business Arbitration Institute, while explaining the essence of the procedure.
In the event of disagreement to a mediation procedure, or in the event that the parties did not reach an agreement in mediation – the dispute will be referred to an arbitration procedure and an arbitrator will be appointed to settle the dispute. The arbitrator will be chosen by the parties from a list of arbitrators that will be offered to the parties according to the essence of the dispute and its value (hereinafter: “the list of arbitrators”), and in the absence of agreement on the identity of the arbitrator – the arbitrator will be appointed by the president of the Business Arbitration Institute.
With the referral to an arbitration procedure, a preliminary meeting will be immediately scheduled, in which the arbitrator will determine the schedules and dates for conducting the arbitration. The pleadings will not exceed 5 pages and will include all the relevant legal claims and facts.
The pleadings will be verified by an affidavit. A statement of defense will be submitted within 14 days from the date of delivery of the statement of claim. The first evidentiary meeting will be held within 14 days from the date of submission of the last statement of objections. The evidence sessions will be discussed sequentially.
Each party will have the option to request up to one adjournment of the disputes during the conduct of the arbitration, provided that the adjournment does not constitute an exception to the timetables established for the conclusion of the arbitration. The parties hereby express their desire to adhere to the schedules, including the rejection of requests for time extensions that the arbitrator found do not present a special reason for rejection. Arbitration will not continue beyond 30 days from the date of submission of the last statement of claims until the arbitration award is issued.
The president of the arbitration institution will have the authority to set deadlines and even extend the deadlines set in these rules for reasons to be recorded.