ICC Arbitration Rules Updated to Enhance Efficiency and Reduce Costs
The International Chamber of Commerce (ICC) has updated its arbitration rules for 2026, introducing significant changes aimed at reducing costs and expediting dispute resolution. The new rules replace the Terms of Reference with a Case Management Conference (CMC) and Procedural Order No. 1, streamlining early procedural agreements. Additionally, the rules expand fast-track procedures and strengthen emergency arbitration processes. The updates also include provisions for early determination of claims and defenses, enhancing the efficiency of arbitration proceedings. These changes reflect a modernization of ICC arbitration practices, aligning with other international arbitration institutions. 
