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ICC International Court of Arbitration is an institution for the resolution of international commercial disputes. It operates under the auspices of the International Chamber of Commerce and consists of more than 100 arbitrators from roughly 90 countries. [1] The ICC does not issue formal judgements.
ICC represents over 45 million businesses in over 170 countries who have interests spanning every sector of private enterprise. ICC's current chair is Philippe Varin [3] and John W.H. Denton AO is the current Secretary General [citation needed]. ICC has three main activities: rule setting, dispute resolution, and policy advocacy. Because its ...
The most salient feature of the rules of the ICC is its use of the "terms of reference." The "terms of reference" is a summary of the claims and issues in dispute and the particulars of the procedure and is prepared by the tribunal and signed by the parties near the beginning of the proceedings. [25]
Once a dispute between parties is settled, the winning party needs to collect the award or judgment. If the loser voluntarily pays, no court action is necessary. [ 1 ] Otherwise, unless the assets of the losing party are located in the country where the court judgment was rendered, the winning party needs to obtain a court judgment in the ...
The Permanent Court of Arbitration (2000) International Alternative Dispute Resolution: Past, Present and Future; PWC (2008) International Arbitration: Corporate Attitudes and Practices; Redfern, A. and Hunter, M. (2004) Law and Practice of International Commercial Arbitration 4th Ed.
Methods of dispute resolution include: lawsuits (litigation) (legislative) [5]; arbitration; collaborative law; mediation; conciliation; negotiation; facilitation; avoidance; One could theoretically include violence or even war as part of this spectrum, but dispute resolution practitioners do not usually do so; violence rarely ends disputes effectively, and indeed, often only escalates them.