ICC International Court of Arbitration: Who Qualifies and What You Get
Learn how the ICC International Court of Arbitration provides neutral, binding resolutions for businesses facing international trade disputes.
This is a global mechanism used to settle commercial disagreements through a formal, neutral process rather than through traditional courtroom litigation.
Who it's for
This scheme is designed for businesses that are involved in international trade disputes.
What you get
You receive a neutral and binding resolution to your commercial dispute, meaning the final decision is legally enforceable and must be followed by all parties involved.
What it costs you
Using this service requires paying significant filing fees. Additionally, because the process is formal and complex, you will need to hire legal representation to manage your case.
The catch to know
You cannot simply choose to use this service whenever a disagreement arises. It is only an option if your specific commercial contract contains a clause stating that disputes must be settled through ICC arbitration.
How to apply
- Review your existing business contracts to confirm an arbitration clause is included.
- Consult with legal counsel to prepare your formal dispute documentation.
- Submit your case through the official channels provided by the institution.