The new [2012] arbitr ation rules of international chamber of commerce [“icc”]

The purpose of this article is to explain the principle characteristics of the new ICC Arbitration Rules that will come into force on 1st of January 2012 and to analyze how they differ from the prior version. The author focuses to substantial amendments, major procedural innovations, new introduced mechanisms and de-regulated rules of existing ICC principles. In the mean time, the need and reasons for introduction of the new rules are explained in order to provide practical understanding of actual ICC Arbitration mechanism.

International Chamber of Commerce ,

ICC ,

International Arbitration ,

New ICC Rules ,

2012 ICC Arbitration Rules ,

Arbitration Rules of International Commerce ,

Alternative Dispute Resolution ,

Arbitration ,

World Business Organization ,

International Commerce ,

Terms of Ref ,

Scrutiny ,

Case Management ,

Efficiency in the Arbitration Process ,