2021 REVISIONS TO ICC ARBITRATION RULES
Introduction New ICC Arbitration Rules entered into force on 1 January 2021[1] with the aim of increasing the efficiency, flexibility and transparency of ICC arbitrations. In a nutshell, the new provisions in the revised rules give more flexibility and authority to the arbitral tribunals to decide on procedural matters and endorse an increased use of technology. Below is a brief overview of some of the noteworthy revisions and changes made to the 2021 Rules. New Threshold for Expedited Arbitration According to Appendix VI Art. 1(2)...