The International Chamber of Commerce (the "ICC") has unveiled a revised version of its Rules of Arbitration (the "Revised Rules"). This new version, which came into force on January 1, 2021, applies to arbitration proceedings initiated on or after that date, unless otherwise agreed by the Parties. Although it does not introduce major substantive changes, this revision corresponds to the stated objective of the ICC President to "mark a further step towards greater efficiency, flexibility and transparency."