ACICA publishes 2024 case statistics
The Australian Centre for International Commercial Arbitration (ACICA) has published its 2024 case statistics, reporting a total of 54 administered matters, including 25 new filings. These comprised 13 arbitration cases, 11 expert determinations and one mediation. The total quantified value of the administered cases exceeded AUD$3.315bn, a significant increase from the AUD$2.1bn reported in 2023. The new cases covered a range of sectors, including construction, energy, finance, retail, and IT services. Sydney was selected as the seat of arbitration in 69% of new matters. International participation remained strong, with 46% of new arbitration cases involving at least one non-Australian party. In 2024, ACICA appointed arbitrators in which 50% were women, up from 33% in 2023. All appointments made by ACICA were first-time appointments, reflecting its ongoing efforts to diversify the pool of arbitrators. Preliminary data for 2025 indicates continued activity, with ten new arbitration cases already filed, collectively valued at over AUD$100m.
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