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”Monday Arbitration Day” Campaign (7/7)

21 June 2021 The seventh session of the ”Monday Arbitration Day” Campaign will focus on the recognition and enforcement of arbitral awards. In the info session we are sharing a general overview on what are the international standards set by the New York Convention on which national courts should follow in the recognition and enforcement of arbitral awards.  Check the document here for more details. This week, our guest is Mr. Gerhard Velaj, partner at Boga and Associates. In his interview Mr. Velaj will share

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Sharing Best Practices in Circular Economy

18 June 2021 ?Join us in the upcoming events on circular economy: 1️⃣ Circular Economy in the Agri-food Sector | 28 June 2021 @ 10:00 - 11:30 am 2️⃣ Circular Economy in the Textile Sector | 29 June 2021 @ 10:00- 11:30 am 3️⃣ Circular Economy in the Construction Sector | 30 June 2021 @ 10:00-11:30 am 4️⃣ Circular Economy in the Financial Services | 1 July 2021 @10:00-11:30 am ?These panel discussions are being organized as a reflection of the needs defined by Albanian

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Trade defaults rise due to COVID-19 but overall performance not significantly out of line with longer-term range

17 June 2021 ICC – along with partners Boston Consulting Group and Global Credit Data – has published interim findings from its Trade Register on the performance of short-term trade and supply chain finance assets from 2019 and 2020. Preliminary analysis of the data for these assets has identified an increase in defaults across most trade finance products in 2020, which is likely at least in part attributable to the effects of the COVID-19 pandemic on economic activity – and related shifts in demand and

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What is the importance of the United Nations’ Guiding Principles on Business and Human Rights?

15 June 2021 Ahead of the 2019 United Nations (UN) Business and Human Rights Forum, the International Chamber of Commerce (ICC) is reaffirming its longstanding commitment to the the United Nations’ Guiding Principles on Business and Human Rights (UNGPs). At this year’s UN Business and Human Rights Forum in Geneva on 25-27 November, ICC will join participants from government, business and civil society to establish a constructive approach for advancing human rights. Despite calls for a treaty-based approach, ICC remains convinced that the UNGPs are the best

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”Monday Arbitration Day” Campaign (6/7)

14 June 2021 The sixth session of the ”Monday Arbitration Day” Campaign will focus on the costs in international arbitration. During this session it is provided a general overview on what constitutes the cost of arbitration and the effective management of an arbitration.  Arbitrators’ fees and case administration account for a much smaller proportion of the overall costs in an ICC Arbitration.  Significant work has already been done by the ICC Commission on Arbitration and ADR to help keep party costs under control. It includes

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Weak G7 commitments on vaccines pose major downside risk to world economy

11 June 2021 The International Chamber of Commerce (ICC) has issued a warning that G7 leaders risk imposing major costs to the global economy absent of a step-change in their approach to managing the Covid-19 pandemic. Reports ahead of the Carbis Bay summit have indicated that the UK and the United States will pledge in the region of 600 million doses of proven vaccines to emerging economies over the next two years. But ICC – the institutional representative of more than 45 million businesses –

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