Live Breaking News & Updates on Parties Post Constitution

The International Chamber of Commerce
(
ICC ) has come up with new set of
Arbitration Rules 2021 (
ICC Rules
2021 ) which will come in effect from 01
st
January, 2021. As compared to the earlier Arbitration Rules of 2017
(
ICC Rules 2017 ), it seems that ICC
Rules 2021 is not a complete revamp of the procedural rules for
conducting arbitration. Rather, it preserves a substantial portion
of the ICC Rules 2017 while introducing provisions that indicate
towards ensuring more efficient adjudication of disputes. The ICC
Rules 2021 lays more emphasis on adopting fair procedure and have
further broadened the horizon for multi-party arbitration. It has
also made an attempt to crystallize certain provisions with an idea ....

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