Unique Features of General (Domestic) Rules
Throughout the world, the lack of appealability is generally considered one of the drawbacks of arbitration. One of the unique aspects of the IICA's General Rules is that it addresses the concern as to appealability. In 2004, the IICA amended the General Rules to allow the parties to an arbitration to agree on an appellate level to review the award of the arbitrator(s). The appellate procedure does not have any effect on the parties' rights under Israeli law to file a motion to confirm an arbitral award (or a motion to cancel/vacate an arbitral award) under Israeli law.
The IICA is believed to be one of very few arbitral institutions globally that has adopted an institutional procedure for appealing arbitral awards.
Read more about this topic: Israeli Institute Of Commercial Arbitration
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