The ICC Court of Arbitration is widely acknowledged as one of the leading international arbitration institutions, and ICC arbitration clauses are a common feature in contracts concerning international trade and investment. With more than 700 new ICC Arbitration cases every year, many companies that trade internationally also have direct experience of resolving disputes under the ICC Arbitration Rules.
News that the ICC has revised its arbitration rules will therefore be received with considerable interest by members of the international business community - particularly when some of the adopted revisions will have a significant impact on the way ICC arbitration is conducted in practice.
In this Client Alert we review the key revisions introduced by the new Rules of which businesses should be aware, and consider the impact they might have.
Please see full alert below for more information.
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