Icc Rules Of Arbitration

ICC Rules of Arbitration 2021: Enhancements and Key Updates

Enhancing Arbitration Efficiency and Flexibility

The International Chamber of Commerce (ICC) introduced the revised Rules of Arbitration in 2021 to streamline and improve the management of arbitration proceedings. These enhancements prioritize efficiency, flexibility, and transparency in dispute resolution.

Accelerated Arbitration Procedure

The 2021 ICC Rules introduce an accelerated arbitration procedure for disputes involving claims below a specified monetary threshold. This streamlined process aims to resolve smaller disputes more quickly and cost-effectively.

Case Management Conference

The rules now provide for a mandatory case management conference at the outset of the arbitration. This conference facilitates the exchange of information, clarifies the procedural framework, and sets timelines for the proceedings.