The International Court of Arbitration is a branch of the International Chamber of Commerce (ICC) and one of the world’s leading institutions for providing international arbitration services. The International Court of Arbitration is known for resolving international commercial and business disputes, administering more than half of all arbitration disputes worldwide.
International Chamber of Commerce
The International Chamber of Commerce is an international business organization with hundreds of thousands of member companies in over 130 countries spanning virtually every sector of private enterprise.
A key benefit offered by the ICC is its International Court of Arbitration, which allows businesses to resolve international disputes without facing the potential risks and biases of foreign courts and foreign laws.
The ICC’s International Court of Arbitration
As the ICC’s arbitration body, the International Court of Arbitration supervises and administers the arbitration process at all stages, while disputes are decided by arbitrators who are either selected by the parties or directly appointed by the court. ICC arbitration proceedings are conducted under the ICC Rules of Arbitration. There are no restrictions in the ICC system as to nationality of parties and arbitrators, or place, language or law of arbitration.
>> More about the ICC Arbitration Rules
Where are ICC Arbitrations held?
Although it has offices in Paris, New York, Hong Kong, Singapore, Panama, and Tunisia, the ICC will administer arbitration proceedings in the location of the parties’ choosing, anywhere in the world. Parties will often designate the location for any future arbitration proceedings before a dispute even begins through an arbitration clause in their business contract.
How does the ICC International Court of Arbitration become involved in a dispute?
Because arbitration is a consensual process, the parties must first agree on ICC arbitration before the International Court of Arbitration will become involved in a dispute. This pre-existing agreement is usually found in an ICC arbitration clause within a business contract, but it can also be entered into by the parties after the dispute arises, if it arises in connection with a business contract.
Questions? Contact our international arbitration attorneys.
Our arbitration lawyers have resolved numerous international disputes through ICC arbitration proceedings and have served in various capacities within the ICC and its International Court of Arbitration.
Free, confidential consultation with our international arbitration attorneys. Contact us at +1 415 981 4800 or fill out the form to the right.