2021 ICC Arbitration Rules Come Into Force Friday, January 8, 2021
ICC”) launched the Revised Rules of Arbitration (“
2021 ICC Rules”), on 1 December 2020.
1 The 2021 ICC Rules enter into force on January 1, 2021. The ICC Arbitration Rules 2017 (“
2017 ICC Rules”) will continue to apply to cases registered prior to January 1, 2021.
2 The amendments in the 2021 ICC Rules are a step towards greater efficiency, flexibility and transparency in ICC arbitrations.
3
Joinder of Parties and Consolidation of Proceedings;
Disclosure of Third-Party Funding;
Provisions for Investment Treaty Arbitrations;
Remote Hearings;
Governing Law and Settlement of Disputes
We are glad to have comments and inputs from leading arbitrators, practitioners and ICC members around the world on the implications of the 2021 ICC Rules.
To embed, copy and paste the code into your website or blog:
The International Chamber of Commerce (ICC) has released revised arbitration rules, which are expected to become effective from 1 January 2021 and apply to arbitration proceedings commenced after that date. The Revised Rules can be found here. The previous two revisions to the ICC Rules were in 2017 (see our comments here) and 2012 (see our comments here).
The Revised Rules, which are intended to provide “further steps towards greater efficiency, flexibility and transparency,”
1 cover a wide range of issues and include a number of new provisions. Among other changes, the Revised Rules address joinder and consolidation of multi-party arbitrations; remote hearings and the use of technology; equality in the constitution of a tribunal; disclosure in third-party funding arrangements; nationality and emergency arbitration for treaty-based arbitrations; powers of the tribunal where there is change in party counsel/represent
Dr Bina Modi vs Lalit Kumar Modi & Ors on 24 December, 2020 indiankanoon.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiankanoon.org Daily Mail and Mail on Sunday newspapers.
A Busy Year For Int l Arbitration Despite Pandemic By
Patrick Pearsall and Karthik Reddy Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the weekly Coronavirus briefing.
Sign up for our International Arbitration newsletter
You must correct or enter the following before you can sign up:
Email (NOTE: Free email domains not supported)
Primary area of interest
To print this article, all you need is to be registered or login on Mondaq.com.
The International Chamber of Commerce (ICC) 2021
Arbitration Rules (2021 Rules) amend the 2017 Arbitration Rules
(2017 Rules) and will come into force and apply to arbitrations
submitted to the ICC s International Court of Arbitration from
1 January 2021.
While the revisions to the 2017 Rules are intended to offer
clarity and transparency to parties in complex disputes, this comes
to some extent at the expense of party autonomy. by amending the procedural
framework of ICC arbitrations to better address issues commonly
faced in complex and high-value commercial and investor state