ICC News

7 June 2021: BLOG Arbitral Tribunals This fifth session of the ”Monday Arbitration Day” Campaign will focus on the appointment of the arbitral tribunal. We are providing a general overview on the appointment of the arbitral tribunal by taking into consideration the provisions of the International Chamber of Commerce (ICC) Rules of Arbitration 2021, in force since 1 January 2021.  On 19 May 2016, ICC signed an Equal Representation in Arbitration Pledge, calling for enhanced diversity in international arbitration. The ICC Court of Arbitration is committed to narrowing the gender gap and cultural disparities among the arbitral tribunals. Celebrating the anniversary

6 June 2021 ICC Secretary General John W.H. Denton AO has issued a statement in reaction to a G7 deal on taxation. ICC Secretary General John W.H. Denton AO said: “Effective international tax reform is a matter of considerable importance to global business. This must serve the dual need of restoring public finances and reinvigorating local economies in the wake of COVID-19. International coherence will play a pivotal role in meeting these imperatives. “Today’s commitment from the G7 is a very welcome step forward in this regard — but we ultimately need to see a final deal that is workable once

4 June 2021 World Trade Organization Director-General, Dr Ngozi Okonjo-Iweala briefed members of the ICC global network today, marking her first major address to global business since taking up the role on 1 March. In an exclusive global briefing to over 1,000 participants from over 100 countries, Director General Okonjo-Iweala set out her vision for the future of the global trade body – expressing a desire for it to do more to engage with external stakeholders including the private sector. “ICC has such a long history of excellent work in international trade and investment,” she said. “The rules we deal with at the WTO have a

3 May 2021 ICC and Integrity Initiatives International press for stronger enforcement of anti-corruption laws. The International Chamber of Commerce (ICC) and Integrity Initiatives International (III), along with 96 civil society organizations from over 50 countries, have called on the UN General Assembly to establish an intergovernmental working group to develop proposals for new frameworks and mechanisms to address weaknesses in current international anti-corruption legal frameworks. Corruption is one of the underlying causes of some of the world’s most pressing issues such as climate change, the refugee crisis, and access to healthcare and education. It is also one of the leading impediments to

31 May 2021: BLOG Arbitration Proceedings The fourth session of the ”Monday Arbitration Day” Campaign focuses on the arbitration proceedings. The Covid-19 pandemic has affected the arbitration proceedings by increasing the use of technology during the hearings. In the 2021 survey conducted by Queen Mary University, London in collaboration with White & Case, it has been concluded that the parties actually would prefer to continue with virtual hearings instead of waiting for a date when it would be possible to conduct the hearings in person. Check how the preference of the parties is divided. This week, our guest is Mr. Neritan

26 May 2021 ICC has launched ICC Trade Now, a suite of digital products and services to tackle the global trade finance gap in all its breadth and complexity. Through tailored partnerships with cutting edge solution providers, ICC Trade Now will scale up trade finance solutions, empower small- and medium-sized enterprises (SMEs), and provide financiers with new investment opportunities. International trade is a key driver of growth and innovation for SMEs worldwide – yet over 45% of SMEs see their requests for trade finance rejected and often struggle to find alternative sources of funding. Without adequate access to capital, SMEs are effectively cut

24 May 2021: BLOG ICC Court of Arbitration & New ICC Rules of Arbitration 2021 The third session of the ”Monday Arbitration Day” Campaign will focus on the arbitration rules that govern arbitration proceedings. The parties in arbitration have the autonomy to choose the arbitration rules that are tailored for their dispute. In this info session will be referred to the main features of the ICC Rules and the last amendments done 2021. This week, our guest is Mr. Fatos Lazimi, Albania Member to the ICC Court of Arbitration (2014-2021) and Partner at CR Partners Law Firm. In his interview he

19 May 2021: The International Court of Arbitration of the International Chamber of Commerce has announced that it has been granted the status of Permanent Arbitration Institution by the Council for the Development of the Arbitration Process of the Ministry of Justice of the Russian Federation. As a Permanent Arbitral Institution, the ICC International Court of Arbitration will administer Russian-seated international arbitrations, enabling parties to seek enforcement of ICC arbitral awards in Russia without risk of the enforcement being recognised only as an ad hoc award, or other obstacle. PAI status also allows the ICC Court to administer Russia-related arbitrations arising

19 May 2021 On 19 May 2016, ICC signed an Equal Representation in Arbitration Pledge, calling for enhanced diversity in international arbitration. Celebrating the anniversary of the signing five years on, ICC’s efforts to improve the representation of women in arbitration goes from strength to strength. Here are three ways we’ve been turning our pledge into action. Achieving gender parity of the ICC Court In 2018, ICC marked a milestone when the ICC Court achieved full gender parity for the first time in its almost 100-year history under the leadership of ICC Court President Alexis Mourre. A new composition of the

18 May 2021 ICC has published a series of new tools to enable small businesses, transporters, and banks to support an inclusive and resilient recovery from the COVID-19 pandemic. Since the outbreak of the pandemic, small businesses, transporters and banks have been forced to grapple with uncertain economic conditions, costly trade barriers and new workplace restrictions. As business leaders and policymakers prepare for the recovery, ICC has released a new set of resources to bring clarity and certainty to companies everywhere. Guiding entrepreneurs through hurdles and challenges Throughout the pandemic, small businesses have suffered from depleting supplies of trade finance, newly