Abstract
The Jerusalem Arbitration Center, backed by the International Chamber of Commerce (ICC) was launched on 18 November 2013 after several years of reflection and hard work.Why was there a need to create this new arbitration center? The total annual volume of trade between Israelis and Palestinians is currently estimated at between USD 4 and 5 billion. However, there is significant potential for more trade in the region. To bolster economic integration, it was essential to create a neutral and efficient forum for dispute resolution. For business people on both sides who worked together on the project, as well as the ICC, the underlying idea for the project is in line with that developed by the French philosopher Montesquieu, namely that the development of trade leads to peace. The cornerstones for the development of the Center are neutrality, efficiency, and modernity. As a result, the JAC has emerged as a unique institution that is classical yet avant-garde.
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