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ARTICLE · 31 MAY 2017

Ontario Introduces New International Commercial Arbitration Scheme

Blake, Cassels & Graydon LLP
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Effective March 22, 2017, Ontario enacted the International Commercial Arbitration Act, 2017 (ICAA), replacing a previous version of the law that had been in effect since 2006.

CanadaLitigation, Mediation & Arbitration
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Max Shapiro
Max Shapiro
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Effective March 22, 2017, Ontario enacted the International Commercial Arbitration Act, 2017 (ICAA), replacing a previous version of the law that had been in effect since 2006. The new ICAA includes changes which are designed to modernize international commercial arbitration in Ontario and to make Ontario a more desirable place to arbitrate such disputes. The ICAA applies to all international commercial arbitration agreements and awards whether made before or after the statute came into force.

KEY CHANGES IN THE NEW ICAA

Although the fundamentals of Ontario's international arbitration regime remain the same, the new ICAA reflects a number of important changes. These include:

1 Adoption of the New York Convention

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