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New international arbitration rules aimed at increasing efficiency, transparency | R. Aaron Rubinoff and John Siwiec

Thursday, February 09, 2017 @ 11:17 AM | By R. Aaron Rubinoff and John Siwiec

Important amendments to the Rules of Arbitration of the International Chamber of Commerce (ICC Rules) will take effect on March 1, 2017. The amendments seek to enhance the efficiency and transparency of the current version of the ICC Rules that have been in force since January 2012.

In addition to making available the decisions of the ICC Court of Arbitration (an independent body from the ICC) and shortening the time period for establishing the Terms of Reference, the most significant change is the addition of expedited...