ICC Workshop on International Commercial Arbitration
Venue: Baker & McKenzie
|Event Date/Time: Jul 02, 2010||End Date/Time: Jul 04, 2010|
|Registration Date: Jul 01, 2010|
|Early Registration Date: Jun 04, 2010|
The ICC International Court of Arbitration is reputed to be the worldâ€™s leading institution for resolving international commercial and business disputes. It has a distinguished and longstanding history of international dispute resolution spanning 85 years. In 2009 alone, it received a record 817 requests for arbitration worldwide. 13% of all parties involved in ICC arbitrations last year originated from South and East Asia and the Pacific region.
The proliferation of international commercial disputes, many of them involving multiple parties and contracts, is an inevitable by-product of the global economy. Todayâ€™s business and operating conditions underscore the advantages of arbitration over litigation, especially in cross-border disputes.
Often the parties are from markedly different national, cultural and legal backgrounds who wish to avoid litigation, which is perceived to give a â€œhome advantageâ€ to one side due to potential bias by national courts and unfamiliarity with national court procedures. Parties may also wish to be spared negative publicity arising from open court proceedings. ICC arbitration is an attractive alternative because it is inherently flexible, international and confidential.