This article first appeared on Allen & Overy LLP’s website on 25 November 2020, here.
The International Chamber of Commerce (the ICC) has published its revised 2021 Arbitration Rules (2021 Rules). The 2021 Rules, which will apply to all arbitrations registered after 1 January 2021, make a number of important changes and incremental improvements to the current Rules, which have been in force since March 2017 (2017 Rules).
The key changes made in the 2021 Rules, which are most likely to be of interest to, and directly affect, users of ICC arbitration, include:
In addition, the ICC has moved to ensure that any disputes brought against the institution itself, in relation to its activities administering arbitrations, are governed by French law and are under the exclusive jurisdiction of the Paris courts. This follows several disputes brought against the ICC.
Please see the complete publication here.
This article first appeared on Securities Arbitration Alert, here. In what we are certain is a reaction to a flurry of multiple individual arbitrations that relate to the same event,...By George Friedman
First published on Thomson Reuters Practical Law Arbitration Blog, here. The principle of party autonomy is expressed and enshrined in section 34(1) of the English Arbitration Act 1996: the right of...By Ruth Hosking