Commercial arbitration and its role in the strengthening of SMEs in Palestine
Publication Type
Conference abstract/paper published in a peer review journal
Authors

Abstract:

Commercial Arbitration is also an important tool for the growth and development of the economic establishments, particularly small and medium enterprises which constitute 98% of the establishments operating in Palestine.  These establishments lack the technical regulation and economic capacities the large enterprises are characterized by and they also face different legal obstacles.

 

As Palestine lacks the judiciary specialized in commercial disputes resolution, it resorts to the regular judiciary to resolve such disputes.  The regular judiciary has complex procedures in addition to the existing congestion in the Palestinian courts.  Dispute resolution by commercial arbitration for SMEs is an advantage and help such enterprises in growing and in increasing investment opportunities, especially with the existence of the Palestinian Arbitration Law of 2000 and its Regulation of 2004.  In addition, in 2015, Palestine has become a member of the New York Convention of 1958 to implement the provisions of foreign arbitrators reflecting positively on small and medium enterprises in Palestine.

 

In this article, the following topics will be addressed:

  1. The nature of SMEs in Palestine and their legal regulation.
  2. The Palestinian judicial System.
  3. The impact of commercial arbitration in dispute resolution of SMEs.
Journal
Title
لجنة الأمم المتحدة للقانون التجاري الدولي
Publisher
لجنة الأمم المتحدة للقانون التجاري الدولي
Publisher Country
Austria
Publication Type
Online only
Volume
8
Year
2018
Pages
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