Seeking to Increase Efficiency, ICC Introduces New Arbitration Rules
客户/法律动态
September 2011
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The International Chamber of Commerce (ICC) made a series of amendments to its 1998 Arbitration Rules, which take effect on 1 January 2012 ("New Rules"). The changes are principally aimed at increasing efficiency in ICC arbitration proceedings and codifying existing ICC practice.
This client alert describes the main highlights of the New Rules:
- Functions of the ICC Court
- Appointment of arbitrators
- Measures aimed at increasing efficiency of arbitration proceedings
- Proceedings involving multiple parties and multiple contracts
- Establishment of an emergency arbitrator
- Remission of arbitral awards
- Confidentiality Costs