The following Arbitration guidance note Produced in partnership with Stephenson Harwood provides comprehensive and up to date legal information covering:
This Practice Note introduces the International Chamber of Commerce (ICC), the International Court of Arbitration of the ICC (ICC Court) and the 2017 ICC Rules of Arbitration (ICC Rules).
The ICC Rules apply to any ICC arbitrations commenced on or after 1 March 2017, unless the parties have agreed to submit to the rules in force on the date of their arbitration agreement.
The ICC Rules include:
an expedited procedure which automatically applies where the arbitration agreement is entered into after 1 March 2017 and the amount in dispute is below US$2m. In cases above this threshold, the parties must opt-in. For guidance on the ICC expedited procedure, see Practice Note: ICC Rules (2017)—expedited procedure
amended costs provisions effective from 1 January 2017. For guidance on costs in ICC proceedings, see Practice Note: ICC (2017)—fees, advances and costs
For information on the ICC as an appointing authority, see: ICC as appointing authority.
For guidance on the 2012 ICC Rules, see: ICC arbitration—overview.
The International Chamber of Commerce (ICC) was founded in 1919, in the aftermath of the First World War, to promote international commerce and cooperation. The International Court of Arbitration of the ICC (the ICC Court) was established in 1923 as the ICC’s arbitration body. It quickly grew in importance, even to the extent that, during the Second World
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