ICC Rules of Arbitration (2012) These ICC Rules of Arbitration are current as of June 2014. The ICC Rules of Arbitration may be used internationally to resolve international commercial arbitrations as well as to resolve investment treaty arbitrations in certain cases. They are appropriate to be used for nearly all international business disputes. A full-text version of the […]
Only 2% Of The Costs Of ICC International Arbitrations Are Due To The ICC
The ICC is often referred to as the gold standard of international arbitration, and it has acquired a reputation as being more expensive than other international arbitration institutions. This reputation is in fact undeserved, as it is not ICC arbitration itself that is expensive, but the costs borne by the parties to present their case. […]
International Arbitration Hubs And Price Competition
International Arbitration Hubs And Price Competition. International arbitration hubs exist in Paris, London, Dubai, Singapore, Hong Kong and Washington, where many lawyers practicing international arbitration are found in the same city. Many other cities, such as Istanbul, are attempting to become international arbitration hubs today. This is curious, as international arbitration is a unique field […]
The Importance Of The Seat Of Arbitration
Choosing an appropriate “seat” or “place” of arbitration is critical. There are a few common misconceptions with respect to the seat. The seat need not be the same as the governing law of the contract, or be based in the same place as the chosen arbitral institution. Thus, there is no reason why a contract […]
ICC Counterclaims In International Arbitration – The French Cour de Cassation’s Perspective
The Cour de cassation’s (the French supreme court) recent ruling could be positive news for litigants lacking the resources to pay the ICC’s advance on costs. Pirelli (Italy) brought arbitration proceedings against Licensing Projects (Spain) (LP) over a trade mark dispute in 2007. Later that year, a Spanish court placed LP into a formal insolvency […]