LNB News 13/02/2025
Document Information
Issue Date: 13 February 2025
Published Date: 13 February 2025
Jurisdiction(s): World
The International Chamber of Commerce (ICC) has released preliminary dispute resolution statistics for 2024, revealing a record-breaking year for the total value of claims pending. The ICC registered 831 new cases under its Arbitration Rules, with an additional 10 cases under the Appointing Authority Rules. The Expedited Procedure Provisions saw 152 new cases, bringing the total to 865 since its 2017 inception. Notably, the aggregate amount in dispute for pending cases reached an unprecedented $354bn. The statistics demonstrate ICC's global reach, with 2,392 parties from 136 jurisdictions participating in arbitrations, and tribunals seated in 107 cities across 62 countries. State involvement remained significant, with 19% of new cases including states or state-owned entities. The ICC International Centre for ADR also reported 61 new requests across various dispute resolution mechanisms.
EXISTING USER? SIGN IN CONTINUE READING GET A QUOTE
**Trials are provided to all ½Û×ÓÊÓƵ content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these ½Û×ÓÊÓƵ services please email customer service via our online form. Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
* denotes a required field
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
Early leavers—preservationFORTHCOMING DEVELOPMENT: Section 10 of the Finance Act 2022 will increase the normal minimum pension age (NMPA) from 55 to 57 on 6 April 2028 (save for members of the firefighters, police and armed forces public service pension schemes).The Finance Act 2022 will also give
Brussels I (recast)—domicile (Arts 4 and 63) [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note considers the general rule set out in Article 4 of Regulation (EU) 1215/2012, Brussels I (recast) when determining the relevance of a defendant’s domicile to
Dispute Resolution analysis: The High Court has provided concise guidance as to how misrepresentation should be analysed when considering jurisdictional gateways. Under Article 5(3) of the Lugano Convention, in negligent misstatement cases, the place of the event giving rise to damage is normally
0330 161 1234