The 2012 ICC Arbitration Rules – Enhanced Practices and New Features
21(1) Canadian Arbitration and Mediation Journal, Spring/Summer 2012, 7-10
8 Pages Posted: 15 Dec 2013 Last revised: 26 Dec 2013
Date Written: July 1, 2012
Abstract
On 1 January 2012, the much anticipated new ICC Arbitration and ADR Rules (“Rules”) came into force. Considered a leader among international arbitration institutions, the International Chamber of Commerce (“ICC”) conducted extensive consultations with businesses, lawyers, arbitrators and experts in the field in preparing the Rules. As a result, several new features have been added to accommodate recent developments in the practice of international arbitration and the evolving needs of the international business community. In addition, some of the practices of the International Court of Arbitration of the International Chamber of Commerce (“Court”) that were not included in the 1998 Rules have now been codified in order to enhance the transparency and clarity of ICC arbitration proceedings. The changes introduced in the Rules have three main goals: modernizing the arbitration process, clarifying existing practice, and improving efficiency. This article reviews the scope and significance of the most important changes to the Rules.
Keywords: International Chamber of Commerce, International Court of Arbitration, ICC, international commercial arbitration, arbitration rules, 2012 ICC arbitration rules
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