ICC Launches Revised Arbitration Rules for 2021
By EsqSocial Corporation 20/01/21
The amendments aim to increase transparency and efficiency in the arbitral proceedings. Key Points: ..To increase transparency, parties must disclose “the existence and identity” of third-party funders. ..To increase efficiency, arbitral tribunals may decide to conduct hearings remotely, irrespective of any objections from the parties. ..New provisions allow the joinder of additional parties and the consolidation of multi-party or multi-contract arbitrations. On 1 December 2020, the...
By: Latham & Watkins LLP