Arbitration: The New ICC Rules

Introduction

It is becoming more and more common for arbitration to be considered the most effective method to resolve business disputes. Indeed, in construction, banking, financial services, intellectual property, energy, insurance and other complex commercial disputes, arbitration is often the procedure of choice. This is because arbitration fits almost all legal systems and cultures and can be tailored to the needs of individual disputes.

The International Chamber of Commerce is one of the world's major institutions for the resolution of international commercial disputes, and its rules of arbitration are one of the most widely used and respected among the international business community (its model arbitration clause is available in 35 languages).