The USCIB Arbitration Committee will hold its annual session on Wednesday, January 18th in NYC. The luncheon will feature updates from the ICC International Court of Arbitration as well as from the United States Council for International Business. Alexis Mourre and Andrea Carlevaris, president and secretary general of the International Court of Arbitration, respectively, and USCIB President & CEO Peter Robinson will give presentations on recent developments at each institution.
Additional topics to include updates on ICC Court matters and discussion on the launch of the ICC revised Rules of Arbitration. Amendments to the ICC Rules of Arbitration have been made with the aim of further increasing the efficiency and transparency of ICC arbitrations. The revised rules will apply beginning March 1, 2017. They provide for expedited procedure rules for cases of lower value. The main changes will be discussed, with a strong focus on features of the expedited procedure including substantive and procedural aspects. A PDF copy of the updated rules can be downloaded here .
The ICC Commission on Arbitration & ADR’s will also launch of its new Report: Financial Institutions and International Arbitration.
ICC Commission’s latest Report on Financial Institutions and International Arbitration reflects financial institutions’ perceptions and experience of international arbitration. Arbitration, with its flexibility and worldwide enforcement, has the potential to become the preferred dispute resolution method for the world’s corporate and investment banks. This one-of-a-kind interdisciplinary Report addresses the potential benefits of international commercial arbitration in banking and financial matters and some common misperceptions about the process. It concludes with a series of detailed recommendations for tailoring the arbitration procedure to suit the needs of the banking and finance sectors.
The report offers an analytical survey of arbitration in twelve banking and financial sectors and products spanning all CIB financing, capital markets, asset management and advisory mandate fields. It is the
linchpin of a new approach to dispute risk management in international banking and finance. The Report does not seek to establish rules or guidelines, but provides practical information which will be of assistance to arbitrators, counsel and parties. The program for the launch event will feature presentations given by members of the ICC Commission, Secretariat and the Task Force that produced the report.
To register, please contact Jessica Berti at firstname.lastname@example.org