ICC International Court of Arbitration
International Dispute Resolution Services
Arbitration is the most commonly used ICC International Court of Arbitration service. Arbitration offers a binding dispute resolution procedure, with flexibility in language, location and law. Parties agree upon the specific procedures for the arbitration tribunal, and can either agree on arbitrators or have the ICC appoint experienced and independent arbitrators from around the world. Arbitration offers final, binding decisions in less time and with less expense than ordinary judicial proceedings. Over 130 countries have signed and ratified the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards, thereby agreeing to recognize and enforce foreign arbitral awards.
For further information about the ICC Arbitration process, please visit our web page for FAQs.
Parties wishing to organize ad hoc arbitration proceedings can authorize the ICC to appoint an independent arbitrator. The fee for this service is US $2500, which covers the initial appointment of the arbitrator and the administration of any challenges to the appointed arbitrator and the appointment of a substitute arbitrator.
If parties have agreed in writing, they can apply to a pre-arbitral referee
for urgent provisional measures relating to a dispute. The referee can either be agreed upon by the parties or appointed by the Chairman of the ICC International Court of Arbitration. The measures ordered by the referee are binding until decided otherwise by a court or arbitration proceeding.
ICC ADR Rules offer a forum for the amicable settlement of disputes with the aid of a neutral party. Settlement techniques can include mediation, a mini-trial and/or a neutral evaluation of point of law or fact. The final decision reached by these techniques is not binding on parties unless otherwise agreed. The neutral can be agreed upon by the parties or appointed by the ICC according to specific requirements or qualifications specified by the parties.
The ICC International Centre for Expertise has a wide network of experts to offer advice on technical, financial or contractual issues. Parties can request that the ICC propose or appoint an expert, or administer expertise proceedings. Expertise provided can be used to settle disputes, resolve differences of opinion or clarify facts. If agreed upon by the parties, the findings can be binding. ICC expertise can also be used as part of litigation or arbitration proceedings.
The ICC Rules for Documentary Instruments Dispute Resolution Expertise (DOCDEX) were established to facilitate the rapid settlement of disputes arising under the Uniform Customs and Practice for Documentary Credits (UCP), the Uniform Rules for Bank-to-Bank Reimbursement under Documentary Credits (URR), the ICC Uniform Rules for Collections (URC), or the ICC Uniform Rules for Demand Guarantees (URDG). DOCDEX provides dispute settlement through document-based expert decisions made by three experts, verified by the technical advisor of the ICC Banking Commission and issued by the International Centre for Expertise. DOCDEX decisions are not binding unless the parties have agreed otherwise.
