International Court of Arbitration

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The International Court of Arbitration is an institution for the resolution of international commercial disputes. The International Court of Arbitration is part of the International Chamber of Commerce. The court comprises more than 100 members from about 90 countries.[1] ICC headquarters is in Paris, France.

There are an increasing number of cases being brought before the International Court of Arbitration. There have been more than 500 cases a year handled by the International Court of Arbitration since 1999.

Background[edit]

The Court was founded in 1923 under the leadership of the ICC's first president Étienne Clémentel, a former French Minister of Finance.[2] Its members drafted the New York Convention, leading to the creation of modern international arbitration practice today, and because of its prestige and long tradition, it is frequently referred to as the "Rolls-Royce" of international arbitration today.[3]

References[edit]

  1. ^ http://www.iccwbo.org/about-icc/organization/dispute-resolution-services/icc-international-court-of-arbitration/
  2. ^ http://www.iccwbo.org/about-icc/history
  3. ^ http://www.international-arbitration-attorney.com/arbitral-institutions/

External links[edit]