On August 12, 2016, the Swiss Federal Tribunal ordered Israel to pay $1.1 billion to Iran in a decades-old dispute relating to the Eliat-Ashkelon Pipeline. According to a news report [3], the pipeline was initiated in 1968 as a joint project between the countries and was designed to transport Iranian oil to Europe. After the Islamic Revolution in Iran, the relationship between the countries collapsed and Iran pursued arbitration proceedings to claim its share of the proceeds generated by the venture. The Swiss court rejected Israel’s appeal against an arbitration ruling of last year, citing lack of due process, and ordered it to pay court costs and attorney’s fees as well.