The International Chamber of Commerce (ICC) enjoyed an uptick in case filings in 2023, it reported last week
It registered 890 arbitration cases (compared to 710 in 2022), and had 1,766 pending cases (compared to 1,670 in 2022) being administered by year-end via its offices in Paris, Hong Kong, New York, São Paulo, Singapore and Abu Dhabi Global Market.
ICC International Court of Arbitration president Claudia Salomon said: ‘Our preliminary statistics represent the continued trust that parties around the world place in ICC to resolve their disputes, regardless of the amount in dispute, counterparty or industry sector.’
The report notes an increase in the number of parties from Central and Eastern Europe (277 parties, up from 188 in 2022), North America (308, up from 207 in 2022), and the Middle East (288, up from 198 in 2022).
France, the UK, Switzerland, the US and Brazil remained the top five seats of arbitration.
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