24 January 2020 The International Chamber of Commerce (ICC) joined over 3,000 participants at the 50th edition of the World Economic Forum to strengthen environmental initiatives among the private sector. Building off last month’s United Nations Climate Conference (COP25), ICC Secretary General John W.H. Denton AO has made environmental initiatives the focal point of his participation at this year’s Forum in Davos. ICC has contributed to several environmental initiatives, tools, services and policy recommendations launched at this year’s Forum. Business provides policymakers with concrete proposals to protect biodiversity Business for Nature, a global coalition of leading organisations and forward-thinking businesses committed
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22 January 2020 Convening alongside the World Economic Forum Annual Meeting in Davos, the International Chamber of Commerce (ICC) has joined the Singapore Government and industry partners to accelerate the digitalisation of global trade and commerce. ICC, the Singapore Government, and major firms from key industries have signed a historic cooperation agreement to facilitate and accelerate adoption of digital technologies in trade and commerce. The global industry leaders participating in the agreement are APRIL, DBS Bank, Marubeni Corporation, Mastercard, Mitsubishi Corporation, Mitsui & Co., Ltd., Mizuho Bank, Ltd., MUFG Bank, Noble, NTT DATA, PSA International, Sompo Japan Nipponkoa, Standard Chartered Bank,
17 January 2020 From 6-12 February, ADR professionals and students hailing from the four corners of the globe will converge in Paris, France for the International Chamber of Commerce’s (ICC) much-anticipated Mediation Week (ICCMW). The world business organization’s largest educational event of the year welcomes over 550 participants—from students and young professionals to world-renowned mediators and academics— for unparalleled capacity building and knowledge exchange each and every year. Here are three things to know about the week-long event. 1. It is a prestigious competition that promises an unforgetting experience In today’s increasingly global and turbulent economic environment, the ability to go
14 January 2020 Resolving commercial disputes efficiently and cost-effectively is an ICC priority, as it advances our purpose to secure peace, prosperity and opportunity for all. But our Dispute Resolution Services go far beyond case management to include pioneering discussions and activities that steer the future course of dispute resolution, engaging with arbitration and ADR users around the world and encouraging the next generation of dispute resolution professionals. We’ve rounded up 12 highlights from our busy year to demonstrate the breadth and impact of our dispute resolution work. 1. We announced a new record for arbitration awards in 2018 The International Court of Arbitration
Unprecedented number of crew kidnappings in the Gulf of Guinea despite drop in overall global numbersICC Albania2020-01-25T13:34:20+00:00
14 January 2020 Despite overall piracy incidents declining in 2019, there was an alarming increase in crew kidnappings across the Gulf of Guinea, according to the International Chamber of Commerce’s International Maritime Bureau’s (IMB) annual piracy report. In 2019, IMB’s Piracy Reporting Centre received 162 incidents of piracy and armed robbery against ships worldwide, in comparison to 201 reported incidents in 2018. The incidents included four hijacked vessels, 11 vessels fired upon, 17 attempted attacks, and 130 vessels boarded, according to the latest IMB figures. While the overall decline in piracy incidents is an encouraging development, vessels remain at risk in
9 January 2020 Commencing 2020 on a dispute resolution high note, the International Court of Arbitration (ICC Court) of the International Chamber of Commerce (ICC) has registered its 25,000th case and announced record arbitration figures for 2019. Case 25,000 involves parties from the Middle East and India and will be administered through the Secretariat’s office in Singapore. The trailblazing ICC Court – named by the latest Queen Mary University Survey as the world’s most preferred arbitral institution – registered a total of 869 new cases in 2019, of which 851 cases under the trusted ICC Rules of Arbitration and 18 under its Appointing
20 December 2019 In the midst of the eighth session of the Conference of the State Parties (CoSP8) to the United Nations Convention against Corruption (UNCAC), the United Nations Office on Drugs and Crime (UNODC) Civil Society Team, in partnership with the European Bank for Reconstruction and Development (EBRD), held a special event to present ideas and best practices in collective action initiatives for the implementation of UNCAC in Southeast Europe (SEE). The event, held on 18 December in Abu Dhabi, also reiterated a strong commitment to the Belgrade Outcome Statement that lays out concrete and practical steps towards cooperation on anti-corruption. The
17 December 2019 A comprehensive set of principles on how business can facilitate the economic integration of refugees into the global economy was presented by ICC Secretary General John WH Denton AO during the Global Refugee Forum, taking place this week in Geneva from 16-18 December. The Charter seeks to contribute to the shift from ad hoc humanitarianism to long-term development and employment opportunities that benefit refugees and their host communities alike. The Charter of Good Practice on the Role of The Private Sector in Economic Integration of Refugees was elaborated collectively by experts from the private sector, governments and inter-governmental organisations at a
15 December 2019 Climate negotiations concluded today in Madrid, leaving global business deeply disappointed that a deal could not be reached on Article 6 of the Paris Agreement. The negotiations – COP25 – marked the longest in history. Yet despite progress on many agenda items – including gender; oceans; land; loss and damages; adaptation; and response measures – governments failed to match the ambitions of business and other stakeholders regarding the operationalisation of “Article 6” of the Paris Agreement, a crucial missing element of the so-called “Paris Rulebook” agreed at COP24 in Katowice, Poland a year ago. Majda Dabaghi, ICC’s Director of
10 December 2019 ICC has welcomed the decision taken today by members of the World Trade Organization to renew the longstanding global prohibition on applying customs duties to cross-border data flows. Known as the “WTO e-commerce moratorium”, the agreement – first established in 1998 – has played an important role in the development of the Internet by keeping tariffs off digitally delivered products, services and content. In recent months ICC has warned that a failure to renew this deal would not only add to a damaging pattern of escalating tariffs, but could also wreak potential havoc in the online economy. Commenting on today’s