ICC Arbitration
ICC arbitration is respected worldwide. It is accessible to companies of all sizes, not just major corporations. ICC arbitration fits all legal systems and cultures, and can be tailored to the needs of individual disputes.
The unique scrutiny of cases offered by the ICC International Court of Arbitration ensures high-quality decisions (or "awards"), and guarantees that cases will be conducted as quickly and economically as circumstances allow.
How do I file a Request for Arbitration?
A Request for Arbitration must be filed with the Secretariat for the International Court of Arbitration at ICC Headquarters (38 Cours Albert 1er, 75008 Paris, France), or with the Secretariat of the ICC International Court of Arbitration Asia Office (Suite 2, 12/F, Fairmont House, 8 Cotton Tree Drive Central, Hong Kong).
The request must include:
- the name in full, description and address of each of the parties;
- a description of the nature and circumstances of the dispute giving rise to the claims;
- a statement of the relief sought, including, to the extent possible, an indication of any amount(s) claimed;
- the relevant agreements and, in particular, the arbitration agreement;
- all relevant particulars concerning the constitution of the Arbitral Tribunal;
- any comments as to the place of arbitration, the applicable rules of law and the language of the arbitration.
The Request must be filed with enough copies for each respondent party, each arbitrator and the Secretariat (i.e. 5 copies for arbitration with 1 respondent and 3 arbitrators). The Request must also be accompanied by a payment of US $3000 as an advance on administrative costs.
How much does an arbitration cost?
The costs of the arbitration include the fees and expenses of the arbitrators and the ICC administrative costs fixed by the Court in accordance with the scale in force, as well as the fees and expenses of any experts appointed by the Arbitral Tribunal and the reasonable legal and other costs incurred by the parties for the arbitration.
Once the arbitrators' fees and expenses and the ICC administrative costs have been fixed by the Court at the end of the proceedings, the Arbitral Tribunal fixes the costs of the arbitration in the Award and decides which of the parties shall bear them or in what proportion they shall be borne by the parties.
For an estimate of the cost of your arbitration please use our cost calculator.
How long will an arbitration take?
In most cases, it would be unrealistic to expect that the final Award may be made in less than one year, although complex ICC arbitration proceedings have been conducted in as little as two and a half months. Adherence to time limits is monitored closely by the Court and its Secretariat. Once the Arbitral tribunal has been constituted and the financial and other conditions have been met, two important time limits govern the actual proceedings – the two months already referred to for transmitting the Terms of reference to the Court, followed by six months for rendering the final Award. The Court can extend these limits if circumstances so require.
How can I become an ICC arbitrator?
When the ICC International Court of Arbitration is asked to make an appointment, it will call upon an appropriate national committee to make a proposal.
Anyone interested in serving as an arbitrator (or mediator) in ICC cases should submit their CV to ICC UK for consideration. Unlike other institutions, ICC does not maintain a "list" system or a set "panel" of arbitrators. ICC conducts an individual search each time a request for an arbitrator is made, and selects a candidate from its extensive database of experienced practitioners.
Typically, a person acts as counsel in an ICC arbitration before becoming an arbitrator. However, this is not always the case, as sometimes the parties decide to appoint someone with no ICC experience.
If you would like to include your CV for consideration, please send your CV to [email protected]. In your CV, please include all related commercial dispute resolution experience you may have and highlight certain skills or experience that may distinguish you from other candidates.
