Alexander G. Fessas, Secretary Common of the ICC Worldwide Courtroom of Arbitration and Director of ICC Dispute Decision Providers, mentioned:
“The preliminary figures spotlight as soon as extra the boldness firms and states place in ICC as their most popular establishment for resolving disputes. Staying near the wants of ICC Arbitration and ADR customers worldwide, we stay dedicated to delivering honest, environment friendly and clear providers that meet the evolving wants of home and worldwide commerce”.
Caseload
In 2024, the variety of new circumstances remained robust, with 831 circumstances filed beneath the ICC Arbitration Guidelines (of which 17 started with Emergency Arbitrator functions) and 10 circumstances beneath the ICC Appointing Authority Guidelines. That is much like the common caseload of the final 5 years. In October, ICC reached a milestone when it registered its 29,000th case beneath the ICC Arbitration Guidelines. In complete 1,789 circumstances have been pending on the finish of 2024.
Expedited process
In 2024, 152 new circumstances have been administered beneath the Expedited Process Provisions (‘EPP’). The ICC Courtroom has administered a complete of 865 circumstances beneath the EPP for the reason that process was established in 2017.
Events
A complete of two,392 events participated in ICC arbitrations in 2024, of which 1,100 have been claimants and 1,292 have been respondents. Events originated from 136 jurisdictions, with an elevated presence in comparison with 2023 in North and West Europe, Sub-Saharan Africa, Latin America and the Caribbean, South and East Asia, and the Pacific.
For brand spanking new circumstances, the highest 10 nations from which events originated have been america (167 events) adopted by Brazil (156), Spain (137), Mexico (106), Italy (101), the Folks’s Republic of China and Hong Kong SAR (98), Germany (85), Türkiye (80), and France and the United Arab Emirates (73 events every).
A complete of 45 states and 143 state-owned entities have been concerned in 159 circumstances filed through the yr, accounting for 19% of recent circumstances.
Place of arbitration
ICC arbitral tribunals have been seated in 107 cities throughout 62 nations or unbiased territories on all continents. The highest 10 jurisdictions have been the UK (96 circumstances), France (91), Switzerland (83), america (72), the United Arab Emirates (38), Spain (33), Brazil and Mexico (30 every), Singapore (28), and Germany (20).
Quantities in dispute
Quantities in dispute in new circumstances various considerably, starting from slightly below US$10,000 to US$53 billion. The mixture quantity in dispute for brand new circumstances reached US$103 billion, with a median of US$130 million and a median of roughly US$5 million.
With a complete of US$354 billion, the combination quantity in dispute for pending circumstances units an all-time document. The corresponding common and median quantities have been US$211 million and US$14 million, respectively.
Claudia Salomon, President of the ICC Worldwide Courtroom of Arbitration, mentioned:
“The 2024 statistics underscore the ICC Courtroom’s function because the main arbitral establishment. With so many events from jurisdictions all over the world and a document worth of pending circumstances, it’s clear that arbitration stays an important software for resolving home and cross-border disputes. As we transfer ahead, we proceed to prioritise accessibility, effectivity and innovation, making certain that ICC stays a trusted and efficient answer for companies and States worldwide”.
ICC Worldwide Centre for ADR
A complete of 61 requests have been filed with the ICC ADR Centre in 2024: 37 beneath ICC Mediation Guidelines, 20 beneath the Knowledgeable Guidelines, three beneath DOCDEX Guidelines and one beneath the Dispute Board Guidelines.
The total 2024 ICC Dispute Decision Statistics report shall be launched later this yr. ICC DRS statistical stories since 1997 can be found on the ICC Dispute Decision Library (jusmundi.com).
Data introduced herewith is topic to verification previous to publication within the full 2024 annual statistical report.
