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ARTICLE · 10 MARCH 2017

Major Amendments To The ICC Rules Have Entered Into Force

Mayer Brown
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After the announcement made by the ICC in November last year, the amended ICC Rules of Arbitration have just entered into force on 1 March 2017.

United KingdomLitigation, Mediation & Arbitration
Raid Abu-Manneh
Raid Abu-Manneh
Menachem Hasofer
Menachem Hasofer
Ted Howes
Ted Howes
Dany Khayat
Dany Khayat
Alejandro López Ortiz
Alejandro López Ortiz
Michael Lennon Jr.
Michael Lennon Jr.
James Tancula
James Tancula
Gustavo Fernandes De Andrade
Gustavo Fernandes De Andrade
Mark Stefanini
Mark Stefanini
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After the announcement made by the ICC in November last year, the amended ICC Rules of Arbitration have just entered into force on 1 March 2017.

The changes in the ICC Rules can be grouped into two main axes: Firstly, the ICC Court intends for increasing the efficiency and transparency of ICC arbitrations. Secondly, the Rules have incorporated the Expedited Procedure Rules, which will automatically apply to all arbitrations with amounts in dispute below US$2 million and to cases involving higher amounts on an opt-in basis. Finally, it is worth noting that some modifications have been made concerning the costs of ICC proceedings, which apply since 1 January 2017.

1. Increasing the transparency and efficiency of ICC arbitrations

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