Each side picks an arbitrator. The two arbitrators pick a third arbitrator. (The arbitrators would be people of the parties' choosing like lawyers, judges, politicians, retired heads of state.) The two sides argue their cases to the panel of three arbitrators and the arbitrators decide. Majority opinion prevails. And that's it. Dispute over. And if the sides walk away disgruntled, remember what a judge once told me, that when everyone is unhappy you probably achieved a good settlement.
Netanyahu pays hospital visit to family of Palestinian infant killed in arson attack (Haaretz)
from the article: Israel, Palestinian envoys to hold talks in Jordan on Tuesday