Following the recent trend of periodic incremental updates to the arbitral rules of major institutions, the International Chamber of Commerce (ICC) has published the draft text of its revised 2021 Arbitration Rules.
Members of the Hogan Lovells IA Leadership Team have highlighted the key changes in the revised ICC Rules. The 2021 Rules are anticipated to come into effect on 1 January 2021, meaning that any case submitted to the ICC after this date will de facto be subject to this new version of the rules. Although, the rules remain subject to potential editorial changes ahead of their official launch on 1 December 2020, the principal amendments and key new provisions address four main themes: conflicts of interest, party equality, efficiency, and flexibility. Partner Samaa Haridi is a member of the ICC Court of Arbitration.
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Authored by Kieron O'Callaghan, Laurent Gouiffès, Melissa Ordonez, Robert Shoesmith, Gulshan Gill, and Ledea Sawadogo‑Lewis.
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