The International Chamber of Commerce (“ICC”) has approved a revised version of its Rules of Arbitration, which will enter into force on 1 June 2026 (“2026 ICC Rules”), replacing the 2021 Rules of Arbitration (“2021 ICC Rules”). The revisions are designed to improve efficiency, clarity and user-friendliness, ensuring ICC arbitration remains responsive to global user […]
Arbitration in Próspera: An Arbitration Utopia?
Arbitration is usually a creature of contract. Parties arbitrate because they have agreed to do so. Próspera ZEDE departs from that model by embedding arbitration into its legal architecture, making it the default mechanism for a significant category of disputes even when the parties’ contract is silent. It also creates two distinct tracks: a private, […]
Timing of Jurisdictional Objections in Arbitration
Arbitration rewards procedural vigilance. A party that believes a tribunal lacks jurisdiction usually cannot stay silent, contest the merits, and only later invoke the objection if the case turns unfavourable. Typical jurisdictional objections that may be raised in arbitration include: No valid arbitration agreement; A party is not bound by the arbitration agreement; The tribunal […]
Law 2540/2025: A Significant Expansion of Arbitral Power
Colombia has adopted one of the most ambitious arbitration reforms in recent years. Law 2540/2025 introduces arbitration for enforcement proceedings (arbitraje para procesos ejecutivos), and, in doing so, extends arbitration beyond adjudication into an area traditionally associated with courts. The law’s stated objective is to contribute to the decongestion of the judicial system, but its […]
Construction Arbitration: War, Delay Claims, and Rising Project Costs
The ongoing U.S.-Iran conflict is restricting shipping, energy, and payment conditions throughout the Gulf. Construction projects in the Middle East are already experiencing impacts on procurement, scheduling, cash flow, and claims. When construction clients discuss the U.S.-Iran war, the conversation quickly turns to practical issues. They are less worried about geopolitics and more focused on […]