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Israeli Court Nixes OK Of Award In Real Estate Row

Law360, New York (January 3, 2018, 7:07 PM EST) -- Israel's top court has nixed a confirmation proceeding to enforce an Israeli investor's roughly $500,000 award following a dispute with a Florida-based developer concerning a German real estate project, a ruling the developer's lawyer said effectively makes the underlying arbitration clause unenforceable.

Berger Singerman partner James Gassenheimer told Law360 on Wednesday that the Israeli Supreme Court concluded in a 2-1 opinion issued on Dec. 29 that his client, developer Michael Flacks, could not be properly served for the confirmation proceeding since the dispute lacked a sufficient...
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