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Israel Signs UN Convention on International Commercial Arbitration

June 12, 1958
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Israel, which has taken an active part in the United Nations Conference on International Commercial Arbitration which has been in session here for a month, was among the first ten countries to sign today the Convention on the Recognition and Enforcement of Foreign Arbitral Awards which had been adopted by the Conference. Israel’s attorney general Chaim Cohn, who has headed his country’s delegation, signed for Israel.

Israel’s immediate interest in commercial arbitration came up before the conference only once in the past month. Mr. Cohn obliquely called the attention of the Soviet Union to the fact that it did not always seem to be cognizant of the employment of commercial contacts for peaceful purposes. However, all of the 45 attending delegations knew of Israel’s long drawn effort to obtain satisfaction from the USSR in a Moscow arbitration court where Israel is suing the Soviet Union for unilaterally breaking off the Soviet-Israel oil contracts. Moscow had cancelled those oil pacts in 1956 as a punitive action against Israel’s participation in the Sinai campaign.

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