ICC News

ICC Albania is organizing a training session on trade finance instruments 4-5 May 2023. This training session has the ambitious goal of transferring operational skills on letters of credit, stand-by LC and demand guarantees, defining their characteristics and identifying the most peculiar aspects. Ample space will be dedicated to the analysis of the  ICC rules. Finally, numerous practical cases will be analyzed to better understand the operation of the instruments. Targeted audience: Bankers, exporters and importers in SMEs, marketing managers, sales and purchasing managers, accountants, logistics, freight forwarders, commercial lawyers and trade consultants. Level of training: Intermediary Check the for

14 December 2022 The substantial involvement of the business fora in decision-making during membership negotiations is recognized as an element that enables a successful process. With the goal of encouraging further transparency and accountability in the public-private consultation process in Albania and specifically in the EU negotiations process, ICC Albania with the support of the Dutch Embassy in Albania has commissioned a study conducted by ACIT Center. This whitepaper aims to identify existing structural problems, as well as formulate some practical recommendations to facilitate interface and effective participation of the business fora in Albania in the EU negotiation process. This

1 December 2022 The pilot study, commissioned by ICC Albania, as part the MATRA Programme in the framework of the Project “Collective Actions to Promote Integrity”, highlights the current practices employed by 50 companies operating in Albania in the social and governance dimensions. The International Chamber of Commerce in Albania (ICC Albania) brings to the Albanian audience the first edition of the Corporate Governance Index 2022 report - A Pathway to Sustainability for Corporations in Albania, as part of its work on sustainable development and integrity.  It this first efforts, the report aims to provide an overview of the current social

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