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This is actually an area of International law that I am intimately familiar with, so I'll weigh in.As for the Court itself, I don’t know how relevant it is anymore. As Israel is a non-signatory would they recognize the jurisdiction of the court?
So, for those who know next to nothing about the ICC, it was established via the Rome Statute for the expressed purpose of "Nuremberg-ing" anybody that tried to do something heinous. Key verbiage in the Rome Statute can be found in Article 4.2,
"The Court may exercise its functions and powers, as provided in this Statute, on the territory of any State Party and, by special agreement, on the territory of any other State."
As per the usual with any U.N. Body, the org likes to try and do more than it gave itself permission to do, see the UN General Assembly. Now, international law is complex and ambiguous. Customary International Law. Leaving that there in case I want to come back to it in the future.
Soooooo, Israel is a non-signatory as you have correctly identified. HOWEVER...this is why nations like Ireland, Norway, and Spain's recent recognition of "Palestine" as a state is a problem...theoretically, "Palestine" if eventually recognized as a sovereign state by the UN, could then become a signatory to the Rome Statue and give them jurisdiction within the territories of "Palestine" which would be another headache the Israeli's would have to deal with.
Side Tangent: to be a state you must fulfill 4 requirements according to the Monetevideo Convention.
1. a permanent population
2. a defined territory
3. government
4. capacity to enter into relations with the other states
"Palestine" has never existed because it has never managed to accomplish those four criteria. Moving on.
Practically speaking, the ICC relies on other nations for enforcement. However, while detaining an official of any other nation would instantly become an international incident, the ICC gives you more cover. "Oh, we wouldn't have but the ICC said we needed to because war crimes."
Odds are it wouldn't happen, but the stakes if it were to happen would be catastrophic. IMHO, this is not nothing from an international law perspective and should be taken seriously.