Biggest User of ICC Arbitration
The United States was the biggest per-party user of ICC Arbitration, with 199 parties to ICC cases last year. The U.S. was also a popular location for venue, with a total of 53 ICC cases held here in 2003.
FAST FACTS from 2003
s 580 requests for arbitration were filed with the ICC Court.
s Those requests concerned 1,584 parties from 123 different countries and independent territories.
In 11 percent of cases at least one of the parties was a state, parastatal or public entity.
s The place of arbitration was located in 47 different countries throughout the world.
Parties chose the venue for disputes submitted to the ICC Court in 2002 in 86 percent of the cases. In 75 percent of those cases the venue was fixed based on the arbitration clause and in 11 percent of the cases by subsequent agreement between the parties. The venue was fixed by the Court in the remaining 14 percent of the cases submitted in 2002.
s Arbitrators of 69 different nationalities were appointed or confirmed under the ICC Rules.
s The amount in dispute exceeded $1 million (U.S.) in 55.3 percent of new cases.
s 369 awards were rendered.
Top U.S. Cities for ICC Arbitration in 2003
New York
Miami
Boston
San Francisco
Austin
Baltimore
Minneapolis
Santa Barbara
St. Paul
Washington, D.C.
Further statistical breakdowns of 2003 statistics and activities will be available in the upcoming ICC International Court of Arbitration Bulletin.
Below are statistical highlights from the 2002 edition.
Pre-Arbitral Referee Procedure
In 2002, two applications were made for urgent provisional measures under the ICC’s pre-arbitral referee procedure.
ADR
In 2002, ICC received eight requests for ADR under its new 2001 ICC ADR rules, and one request for conciliation under its 1988 ICC Rules of Optional Conciliation. These requests involved 22 parties from 11 countries in Europe, North America, Latin America and Western Asia.
Expertise
The ICC International Centre for Expertise received five requests under the ICC Rules for Expertise in 2002.
*Statistics taken from ICC Court Bulletin Vol. 14/No. 1 – Spring 2003
Breakdown of Arbitration Cases Registered in 2002 (by the type of contract giving rise to the dispute)
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Goods: 47% (incl. concessions, construction & engineering, distribution & franchising, leasing, sale & purchase)
Business structures: 19% (incl. consortia, joint ventures, shareholder agreements, share transfers)
Services: 18% (incl. agency, consultancy, insurance, loans & guarantees, maintenance, management, marketing, transport)
Intellectual property: 8% (incl. know-how, licensing, patents, trademarks)
Other: 8%
*Statistics taken from ICC Court Bulletin Vol. 14/No. 1 – Spring 2003 |