A Guide to the ICC Rules of Arbitration
By: Yves Derains, Eric A. Schwartz
The ICC Rules of Arbitration constitute one of the world's oldest and most widely used sets of rules for the resolution of international commercial disputes. In 1998, shortly after the entry into force of the current version of the Rules, the First Edition of this book appeared and quickly became an indispensable resource for all those involved or interested in ICC arbitrations, including arbitrators, counsel, and parties. In this updated and revised edition, the authors two of the world's leading experts on ICC arbitration have revised the Guide in order to take stock not only of the evolution in ICC practice over the last seven years, but of new arbitral and judicial decisions bearing on the interpretation and application of the Rules and of developments in international arbitration practice generally. The Guide's notable features include: article-by-article commentary on the ICC Rules, enriched by the authorsand¿ personal involvement in their drafting and years of experience as arbitrators, counsel, and former Secretaries General of the ICC International Court of Arbitration;ample and greatly expanded references, in respect of the Rulesand¿ individual provisions, to relevant national court judgments and arbitral awards, together with extensive bibliographical sources; andup-to-date statistics on ICC arbitration and copies of all ICC rules on dispute resolution mechanisms in addition to arbitration.A truly comprehensive reference work on ICC arbitration practice, the Second Edition of the Guide will be of immeasurable value to corporate counsel, international lawyers, and business people, as well as to all those interested in the international arbitration process.
AI Overview
Comprehensive Overview of "A Guide to the ICC Rules of Arbitration" by Yves Derains and Eric A. Schwartz
Key Themes and Plot Summary
Key Themes:
- Comprehensive Reference Work: The book is a comprehensive guide to the ICC Rules of Arbitration, one of the world's oldest and most widely used sets of rules for resolving international commercial disputes.
- International Commercial Disputes: It focuses on the resolution of international commercial disputes, providing detailed insights into the ICC arbitration process.
- Evolution of ICC Practice: The guide takes stock of the evolution in ICC practice over the last seven years, including new arbitral and judicial decisions that affect the interpretation and application of the Rules.
- Expert Commentary: The authors, Yves Derains and Eric A. Schwartz, are two of the world's leading experts on ICC arbitration. Their personal involvement in drafting the ICC Rules and their extensive experience as arbitrators, counsel, and former Secretaries General of the ICC International Court of Arbitration enrich the commentary.
Plot Summary: The book provides an article-by-article commentary on the ICC Rules of Arbitration. It includes:
- Personal Insights: The authors' personal involvement in drafting the ICC Rules and their years of experience in arbitration, counsel, and former Secretaries General of the ICC International Court of Arbitration add depth to the commentary.
- Relevant References: The guide includes ample and greatly expanded references to relevant national court judgments and arbitral awards, along with extensive bibliographical sources.
- Statistics and Rules: It also provides up-to-date statistics on ICC arbitration and copies of all ICC rules on dispute resolution mechanisms in addition to arbitration.
Critical Reception
The book has been well-received in the legal community due to its comprehensive nature and the expertise of its authors. Here are some points from the available information:
- Indispensable Resource: The first edition of the book quickly became an indispensable resource for all those involved or interested in ICC arbitrations, including arbitrators, counsel, and parties.
- Value to Legal Professionals: The second edition is considered a truly comprehensive reference work that will be of immeasurable value to corporate counsel, international lawyers, and business people, as well as to all those interested in the international arbitration process.
- Revised Edition: The revised edition reflects the evolution in ICC practice and includes new arbitral and judicial decisions, making it a valuable resource for those seeking up-to-date information on ICC arbitration.
Conclusion
"A Guide to the ICC Rules of Arbitration" by Yves Derains and Eric A. Schwartz is a seminal work in the field of international arbitration. Its comprehensive nature, coupled with the expertise of its authors, makes it an indispensable resource for legal professionals and anyone interested in the ICC arbitration process. The book's detailed commentary, extensive references, and up-to-date statistics make it a go-to guide for resolving international commercial disputes.