Having Your Cake And Eating It Too? – Israeli Court Stays Proceedings Against A Non-signatory To A Contract Containing An Arbitration Clause
In the recent decision of the Tel-Aviv District Court in S. Elia Holdings Ltd. and Arie Shasha v. Ron Itzhaky, the plaintiffs were effectively estopped from bringing claims against a non-signatory under a contract containing an arbitration clause. The plaintiffs in the case are a private Israeli company engaged in real-estate entrepreneurship (“Elia Holdings”) and…