Recognition and its effect – maybe

Palestinians officially decide to seek UN recognition for statehood in September
PA leadership says move will help renew peace negotiations, stresses Fatah-Hamas reconciliation agreement to be completed.

Lieberman: Israel will renounce past agreements if Palestinians seek unilateral statehood
Foreign Minister Avigdor Lieberman threatened on Friday that Israel will renounce past agreements, including the Oslo Accords, with the Palestinians if they continue their unilateral pursuit of statehood recognition from the United Nations in September.