- ICC publishes new arbitration clause for trust disputes
- What are the practical implications of this development?
- What was the background?
- What does the new clause contain?
Arbitration analysis: The International Chamber of Commerce (ICC) Commission on Arbitration and ADR has published a new version of the ICC Arbitration Clause for Trust Disputes. The use of trusts, and their geographic spread, have grown since the previous version of the clause was issued in 2009. Meanwhile the confidentiality and flexibility of arbitration remain attractive for parties involved in trust disputes. The new version of the clause is designed to meet their needs and seeks to address problems relating to the agreement to arbitrate.
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