OTTAWA, Jan. 10, 2012 /CNW/ - The Canadian Chamber of Commerce is
pleased to announce that the revised Rules of Arbitration of the
International Chamber of Commerce (ICC) entered into force on January 1st, 2012. The new Rules apply to arbitrations commenced on or after
January 1st. Arbitrations commenced prior to January 1st will continue to be governed by the previous version of the ICC Rules.
The ICC Arbitration Rules were revised in order to better serve the
existing and future needs of businesses and governments engaged in
international commerce and investment, with the aim of ensuring
efficient and cost-effective arbitration.
"Canadian businesses are increasingly active around the world"
said Canadian Chamber President Perrin Beatty. "ICC Arbitration is an
invaluable tool for resolving international business disputes. It
reduces the risks associated with doing business internationally and
the new rules provide better support to Canadian companies engaged in
international trade and investment."
Barry Leon, Chair of the ICC Canada (the Chamber's International
Arbitration Committee) and Partner in the International Arbitration
Group at Perley-Robertson, Hill & McDougall LLP in Ottawa, added "The
new ICC Arbitration Rules are a welcome update reflecting the evolution
of arbitration law and practice since the ICC Rules were last revised
in 1998. With a focus on speed and cost-efficiency, the new Rules help
address the growing complexity of international business disputes
between Canadian and foreign companies as well as disputes involving
The new ICC Rules were prepared with the assistance of the National
Committees of the ICC, including the Canadian Committee, as well as the
invaluable involvement of corporate counsel.
New features of the ICC Rules include provisions addressing disputes
involving multiple contracts and parties; updated case management
procedures; the ability to obtain the appointment of an emergency
arbitrator empowered to order urgent measures; and changes to
facilitate the handling of disputes arising under investment treaties
and free trade agreements. The new Rules are available in several
languages at http://www.iccwbo.org/court/arbitration/id4399/index.html and at the publication division of the Canadian Chamber of Commerce.
The new ICC Arbitration Rules coincide with the ICC's efforts to
incorporate a more holistic approach to dispute resolution techniques.
The new ICC Rules of Arbitration are published with the ICC ADR Rules,
which provide for mediation and other forms of amicable dispute
resolution. Both sets of Rules define a structured, institutional
framework intended to provide transparency, efficiency and fairness in
the dispute resolution process while allowing parties to exercise their
choice over many aspects of the procedure.
The Canadian Chamber of Commerce is the vital connection between
business and the federal government. It helps shape public policy and
decision-making to the benefit of businesses, communities and families
across Canada with a network of over 420 chambers of commerce and boards of trade, representing 192,000 businesses of all sizes in all
sectors of the economy and in all regions. News and information are
available at www.chamber.ca or follow us on Twitter @CdnChamberofCom.
ICC Canada is part of the Canadian Chamber of Commerce. The
International Arbitration Committee of the Canadian Chamber's is the
Canadian National Committee of the International Court of Arbitration
of the ICC. It encompasses most of the leading Canadian international
arbitrators and arbitration counsel. The ICC is the world's leading and
most trusted arbitration institution for resolving international
SOURCE Canadian Chamber of Commerce, The
For further information:
Émilie S. Potvin
Director, Public Affairs & Media Relations
Office: 613.238.4000 (231)