In The Face Of Global Change, International Arbitration Proves Its Flexibility

As members of our arbitration team wrote recently, the global pandemic has led parties to consider arbitration as the optimal process to resolve disputes given its key advantages as an effective, customizable and efficient mechanism. The international arbitration community has shown its ability to pivot quickly and adapt relatively seamlessly in changing global circumstances. In a testament to the flexibility of arbitration, arbitral institutions globally have responded with updates and practice guides to clarify and streamline their rules and procedures in order to better suit the reality of disputes in the post-2020 landscape.

2021 ICC Rules

The revised rules of the International Chamber of Commerce (ICC), one of the leading international arbitration institutions, came into effect on January 1, 2021 (2021 ICC Rules). These changes have been described as "a further step towards greater efficiency, flexibility and transparency" according to the President of the