ICC News

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,

22 July 2022 ICC has issued a statement following the signature of a deal to allow the resumption of grain exports via the Black Sea. ICC Secretary General John W.H. Denton AO said: “The strategic importance of today’s agreement for global food security cannot be overstated. Projections from our network suggest that restoring shipments of Ukrainian grains and vegetable oils via the Black Sea is absolutely imperative to avert a severe cost-of-living – and potentially hunger – crisis in the developing world. “We applaud the leadership of the UN Secretary General in forging today’s agreement – and especially welcome the opportunities

20 July 2022 The International Chamber of Commerce (ICC) Young Arbitrators Forum (YAF) has changed its name to the Young Arbitration and ADR Forum (YAAF) to underscore the global network’s wide range of alternative dispute resolution services. Under the auspices of ICC’s market-leading Dispute Resolution Services, ICC YAAF dedicates its work to the promotion of all methods of effective dispute resolution and dispute prevention and avoidance, by introducing new practitioners and students worldwide to the field of International Arbitration and ADR. Open to young dispute resolution practitioners aged 40 and under, ICC YAAF provides a range of opportunities for individuals to gain knowledge,

19 July 2022 The International Chamber of Commerce (ICC) held a side event at the 63rd Meetings of the Assemblies of the World Intellectual Property Organization (WIPO) in Geneva this week, bringing the voice of business to global discussions on innovation and intellectual property. Leaders from companies including Nestlé, Microsoft and Intel, and international organisations including the World Intellectual Property Organization (WIPO) and the World Trade Organization (WTO) were among the participants of the ICC Side Event at the 63rd Meetings of the Assemblies of WIPO in Geneva earlier this week. The event was a wonderful opportunity for the business community

12 July 2022 The ICC International Maritime Bureau (IMB) received the lowest number of reported incidents for the first half of any year since 1994 – a testament to its pivotal role in raising awareness to make waters safer. IMB’s latest global piracy report details 58 incidents of piracy and armed robbery against ships – the lowest total since 1994 – down from 68 incidents during the same period last year. In the first six months of 2022, IMB’s Piracy Reporting Centre (PRC) reported 55 vessels boarded, two attempted attacks and one vessel hijacked. IMB Director Michael Howlett said: “Not only is