Changes to the International Chamber of Commerce Arbitration Rules
Type
E-journal
Date
25 May 2016
Jurisdiction
Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, United Arab Emirates
Taxonomy
Arbitration
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
The International Chamber of Commerce (ICC) is a highly respected organization in the global trading community. One of the services it provides is the International Court of Arbitration, which is an international arbitration institution with an outstanding track record in resolving cross border business disputes.
The International Chamber of Commerce (ICC) is a highly respected organization in the global trading community. One of the services it provides is the International Court of Arbitration, which is an international arbitration institution with an outstanding track record in resolving cross border business disputes. Although based in Paris, it is widely made use of by companies and organizations undertaking business in the Middle East. Companies entering into business often conclude contracts which provide that in the event any disputes arise out of their agreements, they will be settled under the rules of arbitration of the ICC.