The 2021 ICC Arbitration Rules further improve the efficiency, flexibility and transparency of the arbitral process

The ICC is updating its 2017 Arbitration Rules, which will take effect on 1 January 2021 and will apply to cases registered as of that date (the “2021 Rules”).

The coronavirus pandemic and repeated lockdowns around the world have transformed the way international arbitrations are conducted today. The new changes to the ICC Arbitration Rules reflect those realities and, as noted by Alexis Mourre (the President of the ICC Court), further streamline the arbitration process to make it more efficient, flexible and transparent, for both large and small cases.

While the changes are generally limited in scope, they reflect the ICC’s desire to ensure that the ICC rules respond to the ever-changing business environment and meet the challenges of current times.

The key modifications are discussed below.

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Newly Revised ICC Arbitration Rules

On October 6, 2020, the Executive Board of the International Chamber of Commerce (ICC) approved the revised ICC Rules of Arbitration (the “2021 ICC Rules”), which will replace the ICC Rules issued in March 2017. The 2021 ICC Rules will enter into force on January 1, 2021 and will define and regulate the management of cases submitted to the ICC International Court of Arbitration (the “ICC Court”) from that date. The 2017 ICC Rules will continue to apply for all cases registered with the ICC Court before January 1, 2021.

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