icc-albania

10 November 2022 A major study of the functioning of five major carbon pricing systems has highlighted significant progress made in adopting market-based systems – while pointing to the need to further drive and optimise the design of such policies to accelerate emissions reductions and boost energy security. The report – launched today by the International Chamber of Commerce (ICC) at COP27 – draws on industry experience operating under carbon pricing schemes in Canada, the European Union, Indonesia, New Zealand and South Africa. In doing so, it seeks to provide a roadmap for policymakers to enhance real-world functioning of market-based climate

9 November 2022 The International Chamber of Commerce (ICC) has published a pilot version of the first-ever industry framework to assess the sustainability performance of trade transactions. The “Wave 1” framework is the product of a year-long consultation with banks, corporates and technology providers — in partnership with Boston Consulting Group — based on the roadmap announced by ICC at the Glasgow climate summit. The new ICC framework sets out an agreed industry definition of sustainable trade – taking into account both environmental and socio-economic factors. It also embeds an approach that covers the entire lifecycle of an international trade transaction across five

3 November 2022 In the latest in a series of measures to improve diversity in arbitration, ICC has introduced standard language in its model letters to parties and co-arbitrators. The inclusion of new language in ICC model letters to parties, co-arbitrators, appointing authorities and ICC national committees is the latest measure taken by ICC to improve diversity in arbitration. The letters now feature language introduced on 1 January 2022 in the ICC Note to National Committees and Groups on the proposal of Arbitrators, encouraging diversity to be considered when proposing arbitrators. This includes but is not limited to racial, ethnic, cultural, generational

2 November 2022 The International Chamber of Commerce (ICC) has announced the appointment of eight new Vice-Chairs to the ICC Commission on Arbitration and ADR, ICC’s leading think tank in international dispute resolution. At the 20th ICC Miami Conference on International Arbitration held on 29 October 2022, the ICC Commission on Arbitration and ADR gathered with a renewed membership and announced the new composition of its Steering Committee, following the appointment of eight additional Vice-Chairs. After a call for nominations in the Spring, 22 candidates stepped forward, many of them nominated from their respective ICC National Committee. In consultation with the Commission

27 October 2022 Ahead of next month’s 27th United Nations Climate Change conference in Sharm El Sheikh, Egypt, the International Chamber of Commerce (ICC) has published an open letter underscoring the importance of a successful COP27 for business. With the future of international climate collaboration at stake, ICC Secretary General John W.H. Denton AO has sent open letter to Environment Ministers and Heads of Delegations. In the letter, Mr Denton writes: Dear Ministers, I am writing on behalf of the global business community—and in our role as the principal business interlocutor at the UNFCCC—ahead of COP27. Every COP matters to global

19 October 2022 The International Chamber of Commerce (ICC), along with their partners Global Credit Data (GCD) and Boston Consulting Group (BCG), has released its 2022 Trade Register report, confirming that credit risk in trade, supply chain and export finance have fallen back to pre-pandemic levels.  Following the impact of the COVID-19 pandemic in 2020 on trade volumes, 2021 reaffirmed the resilience of global trade with a strong and better than expected return to growth, with total trade flows reaching nearly 20% above pre-pandemic levels. This recovery in global trade, as well as its consistent growth over the last three decades,

12 October 2022 The International Chamber of Commerce (ICC) has launched ICC Case Connect – a pioneering digital case management platform to connect parties, arbitral tribunals and the ICC Secretariat. From October 2022, users of ICC Arbitration are encouraged to file their requests for arbitration via ICC Case Connect and benefit from a secure, shared space for each new case. ICC Case Connect enables more streamlined communication and file-sharing among parties, arbitral tribunal, and ICC case management teams.  The new digital platform efficiently stores all case documents and data in one centralised, easily accessible location, using swift and user-friendly document sharing

12 October 2022 The ICC International Maritime Bureau (IMB) is calling for regional and international players to sustain their efforts, particularly in the Gulf of Guinea, as global piracy and armed robbery incidents reach their lowest levels since 1992.  ICC IMB’s latest global piracy report details 90 incidents of piracy and armed robbery against ships in the first nine months of 2022, the lowest recorded figure in three decades.  Perpetrators were successful in gaining access to the vessels in 95% of the reported incidents which are broken down as 85 vessels boarded, four attempted attacks, and one vessel hijacked. In many

6 October 2022 A month ahead of the start of this year’s United Nations climate summit (“COP27”), the International Chamber of Commerce has launched a call to banks, corporates and technology companies to participate in piloting a ground-breaking framework to grade the sustainability profile of individual trade transactions. Following an extensive global consultation exercise earlier this year on the initial recommendations set out in ICC’s white paper on “Standards for Sustainable Trade and Sustainable Trade Finance”, the organisation – in partnership with Boston Consulting Group – has worked to define an initial framework capable of being piloted today in high-volume transaction

26 July 2022 The International Tax Conference jointly hosted by the International Chamber of Commerce (ICC), Business@OECD and BusinessEurope last week highlighted how a consistent global tax system is essential for business and will foster cross-border trade and investment. Under the theme “Towards a Sustainable World Tax Order?”, the International Tax Conference, held last week in Munich, Germany (21-22 July), gathered business leaders and policymakers from around the world over two days to address key, current and emerging topics in international tax policy. The sessions underscored the importance of certainty, clarity and simplification for effective implementation of the new international tax rules,