Arbitration users have once again recognised the International Court of Arbitration of the International Chamber of Commerce as their most preferred arbitral institution worldwide, according to a major 2018 International Arbitration Survey.
Conducted by the School of International Arbitration, Queen Mary University of London (QMUL) in partnership with White & Case, the survey results highlight that “ICC stands out as the most preferred institution by a significant margin (77%)” – pointing to ICC’s reputation, recognition and global presence as well as its international experience ability to take into account users’ specific needs and preferences, as significant appealing factors for users.
The survey confirms that ICC is the preferred institution across all regions, including Asia-Pacific and predicts that it will continue to retain its current market-leading position for years to come.
“We are very pleased to see that ICC remains by far the leading institution in each continent, including fast-growing Asia-Pacific, Latin America, Africa, the Middle East, and of course our traditional European and North American strongholds,” said ICC Court President Alexis Mourre.
Mourre added: “The Court has, in recent years, opened case management teams in Singapore – the second in Asia after Hong Kong – and Sao Paolo, along with new offices in Shanghai and Abu Dhabi. We will continue adapting to the needs of our users worldwide and to provide them with the unmatched quality of our services. Global excellence is the key to our continuing success.”ICC dispute resolution statistics show that in 2017, a total of 810 new cases were filed involving 2,316 parties from a record 142 countries.