ICC reaches arbitration milestone with case 28,000
The ICC International Court of Arbitration has registered the 28,000th case under the ICC Arbitration Rules, marking a significant milestone in its centenary year.
Guest blog: New strategies for nuclear power plant construction could cut delays, overruns
In the run-up to the 18th ICC New York Conference on International Arbitration on 21-22 September 2023, Paul Ficca, Brett Kumm and Jack Westphal from FTI Consulting delve into the challenges and innovations shaping the nuclear power plant construction sector in the United States and worldwide.
FIT Alliance launches declaration to secure commitment to digitalisation
Every year, ocean carriers issue around 45 million bills of lading, one of the most important trade documents in shipping. Currently, many international shipping documents are not standardised, and the majority are still paper based, requiring physical hand-off between participants. The adoption of eBLs will enable the trade industry to benefit from faster transactions, cost savings, and lowered fraud risks.
Our B20 Summit takeaways
The Business 20 (B20) summit hosted by India, was under the theme of ‘RAISE’, an acronym for Responsible, Accelerated, Innovative, Sustainable and Equitable Businesses. The 2023 edition of the official G20 dialogue forum with the global business community took place in New Delhi from 25-27 August.
ICC and Swift unveil first API standards for guarantees and standby letters of credit
ICC and Swift, the global leader in secure financial messaging services, have released the first application programming interface (API) industry standards for bank guarantees and standby letters of credit.
Tax Policy Recommendations delivered to 1st LATAM and Caribbean Ministerial Summit
The private sector welcomes efforts to enhance international tax cooperation to avoid double taxation and to build greater tax certainty on a global scale.
ICC response to European Commission’s Green Claims Directive
ICC response to European Commission’s Green Claims Directive ICC [...]
ICC Institute of World Business Law appoints nine new Council members
The ICC Institute of World Business Law elected nine new Council members on July 10, reflecting its commitment to diversity with its most gender-diverse membership since 1979.
Digitalisation for People, Planet and Prosperity
Needling business innovation together with enabling policy and regulatory measures are a prerequisite to reap the full potential of digitalisation and ensure an equitable and sustainable future for everyone, everywhere.
ICC recommendations to the European Commission on the implementation of the Carbon Border Adjustment Mechanism
ICC has provided feedback to the European Commission (EC) on its proposed implementation Regulation of the Carbon Border Adjustment Mechanism (CBAM). What does it mean for businesses worldwide?
How does global trade and receivables finance mitigate against proliferation financing?
ICC addresses the challenges of dual-use goods in the financial services industry, providing guidance on implementing controls and risk-based approaches for identifying and managing associated risks in trade finance.
Financial crime risk controls – Price checking of goods and services in trade transactions
ICC aims to provide an updated discussion on the implementation of controls related to price misrepresentation risks in trade finance, addressing the challenges faced by financial institutions in identifying and mitigating financial crime risks.