New ICC Rules From 1st January 2021

The International Chamber of Commerce (ICC) new Rules of Arbitration took effect on 1 January 2021 ("the 2021 Rules"). The key modifications include changes to the expedited procedure, technology updates for electronic communications and remote hearings, new rules for joinder of additional parties to an arbitration, and disclosure of non-party funders and other rules to avoid conflict of interest. Our lawyers Mikal Brøndmo and Silje Dagsland present the main modifications below together with a link to a compared version of the 2017 and 2021 rules of arbitration.

Introduction

ICC has a leading role among the arbitration institutions, illustrated by its 869 new cases in 2019 involving parties from 147 states. Last autumn ICC approved a revision of its 2017 arbitration rules. The changes aim at increasing the flexibility, efficiency and transparency of ICC Arbitrations. The revised rules will apply to cases that are registered as of 1 January 2021.