IntroductionArbitration in international contracts has become the most reliable method of resolving cross-border disputes. Businesses trading across different jurisdictions want neutrality, enforceability, and speed, all of which arbitration provides better than traditional court litigation. Institutions such as the International Chamber of Commerce (ICC), the London Court of International Arbitration (LCIA), and the Istanbul Arbitration Centre […]
Introduction The inclusion of arbitration and mediation clauses in international contracts has become a standard practice in cross-border transactions. These clauses provide neutral, flexible, and enforceable mechanisms for resolving disputes without relying on unpredictable local courts. Whether through institutional arbitration (ICC, LCIA, ISTAC) or ad hoc procedures under UNCITRAL rules, carefully drafted dispute resolution clauses […]
1. What are the ICC Arbitration Rules? The ICC Arbitration Rules are a set of rules drafted by the International Chamber of Commerce (ICC). They govern how arbitration is used to resolve international commercial disputes. The ICC Arbitration Rules are a globally recognized and widely used arbitration method. The ICC Arbitration Rules ensure that the […]