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10 ways ICC made business work in 2020

29 December 2020 In a year that put to the test ICC’s ability to mobilise business behind global challenges, our pioneering spirit shone through to ensure our global institution lived up to its reputation as the trusted voice of business on issues facing people and planet. We’re taking a look back at our ground-breaking year to wrap up just 10 ways in which we made business work for everyone, every day, everywhere. Saving lives and livelihoods – ICC acts against Covid-19 Before Covid-19 had a

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ICC Court releases updates to its Note ahead of 2021 ICC Arbitration Rules ICC Court releases updates to its Note ahead of 2021 ICC Arbitration Rules

29 December 2020 Ahead of the entry into force of the 2021 ICC Arbitration Rules, the International Court of Arbitration of the International Chamber of Commerce has released updates to its Note to Parties and Arbitral Tribunals on the Conduct of Arbitration under the ICC Rules of Arbitration, effective 1 January 2021. Last updated in 2019, the Note provides parties and arbitral tribunals with practical guidance concerning the conduct of arbitrations under the ICC Rules and summarises the practices of the ICC Court. The updates were discussed

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Making competition law part of the solution to the climate challenge

10 December 2020 ICC has launched a working paper outlining how changes to the application of competition law could accelerate corporate action to fight climate change. Issued on the eve of the fifth anniversary of the landmark Paris Agreement, the paper highlights how competition law – and, more specifically, the fear of unnecessarily restrictive antitrust enforcement – currently inhibits companies from working together to reduce their carbon footprints. There are signs that many businesses are eager to partner on sustainability efforts – recognising that  co-operation

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New report addresses illicit crimes in free trade zones

10 December 2020 ICC’s Business Action to Stop Counterfeiting and Piracy (BASCAP) initiative has released a 2020 update of its 2013 publication examining the balance of facilitation and control required to combat illicit trade in Free Trade Zones. Paris, 10 December 2020 The updated paper Controlling the zone: Balancing facilitation and control to combat illicit trade in the world’s Free Trade Zones sheds light on the trends of counterfeiting and other forms of illicit trade facilitated through free trade zones (FTZs). Specifically, the report addresses how criminals

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SME Climate Hub launches climate action tools for small and medium-sized businesses

10 December 2020 The SME Climate Hub has joined forces with Oxford University to provide small- and medium-sized enterprises (SMEs) with tools and resources to help them take climate action. Ahead of the 5th anniversary of the Paris Agreement signing, the freely available tools and resources are specially selected for SMEs to reduce carbon emissions, build business resilience and gain a competitive advantage, and help them achieve the Paris Agreement goals. As the world reflects on progress on climate action since the Paris Agreement signing,

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Trade agreement on e-commerce essential

9 December 2020 In a memo to World Trade Organization Members, ICC has called on negotiators to accelerate progress and conclude a high standard agreement by the next WTO Ministerial Conference. There are now 86 World Trade Organization (WTO) Members negotiating the JSI, representing well over 90% of world trade. Citing the indispensable role of the digital economy during COVID-19, the memo says: “As communities have socially distanced to flatten the curve, contactless payments have enabled safe, COVID-free transactions; brick-and-mortar retailers have rapidly moved to

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