031012_Presentation deck - In House session with the AGO of Indonesia_Jakarta - 3 September 2024.pptx
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Sep 09, 2024
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About This Presentation
Abitration
Size: 1.81 MB
Language: en
Added: Sep 09, 2024
Slides: 12 pages
Slide Content
1 International Court of Arbitration and Secretariat In House Training for the Attorney General Office of Indonesia organised by DATUN Law Academy Jakarta, 3 September 2024
ICC Dispute Resolution Services 2 ICC International Court of Arbitration ICC International Centre for ADR
The International Court of Arbitration 3
The ICC Secretariat 4 I n t ernational Ce n t re f o r A DR Education and Training Global Events C o mmi ss i o n o n A r b i t r at i o n and ADR Marketing and Publications D oc u me n tat ion and Research Centre
WHY CHOOSE ICC RULES? 5
1. A truly I nternational Institution 6 In 2023: about 16.3% of cases involved States or State entities. about 28.7 % of cases with parties from the same country .
2. ICC Scrutiny – one-of-a-kind service 7 Draft sent to the Secretariat by arbitral tribunal First level review by Counsel in charge of the case Second level review Revise draft based on the Court’s comments Sends back to tribunal Secretariat notifies award to the parties Tribunal signs award, Comments sent to tribunal, revised draft reviewed Approves Approves, subject to comments Court scrutinizes draft
2. ICC Scrutiny – one-of-a-kind service 8 520 awards 512 approved “subject to” (98.5%) 8 approved without comments (1.5%) 42 not approved (8.01%)
3. Accountability and Transparency Awards rendered under the ICC Rules are available to all free of charge Parties may request ICC Court to communicate reasons for its decisions Fees reduced if tribunals are delayed in submitting draft awards Names of arbitrators deciding under the ICC Rules are available to all free of charge 9
4. Costs are predictable 10 Tribunal fees and institutional fee calculated on the basis of the amount in dispute Parties can predict costs in advance via cost calculator ICC Court oversees financial aspect of each case. Separate fee arrangements not allowed
STANDARD ICC ARBITRATION CLAUSE 11 “All disputes arising out of or in connection with the present contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules ”. Emergency Arbitrators and Expedited Procedure Provisions apply according to conditions provided by the Rules. Standard ICC Arbitration Clause can be accessed here . Suggestions: Place of arbitration Language of arbitration Applicable law Number of arbitrators (1 or 3)
12 More information on www.iccarbitration.org Events, trainings & online learning ICC Young Arbitration and ADR Forum (ICC YAAF) Careers & internships ICC Digital Library https://jusmundi.com/en/icc-dispute-resolution-library Material available upon both free access & subscription Thank you!