New ICC Rules of Arbitration

The latest revision of the widely used and respected ICC Rules of Arbitration was launched this week. The new Rules include a number of mechanisms designed to make the process speedier and more efficient, and to bring the ICC Rules into line with modern modes of communication.

Additions to the Rules include:

  • provisions to address disputes involving multiple contracts and parties;
  • updated case management procedures;
  • the appointment of an emergency arbitrator to order urgent measures; and
  • changes to facilitate the handling of disputes arising under investment treaties and free trade agreements.
Further amendments have also been made to promote fairness and transparency of the arbitral process. The new Rules will come into force on 1 January 2012.

UK launch of the ICC Rules

On 29 November, the official ICC UK launch event for the revised ICC Rules of Arbitration will take place at the offices of Norton Rose in London. A stellar cast of speakers will provide an insider’s view on the new provisions, explaining the rational for the changes and looking at the implications for arbitral proceedings in the future. Look out for updates on the programme on our events website.