ICC Report On Financial Institutions And International Arbitration

Author:Mr Steven Finizio, Manuel Casas, Jonathan Lim and Rina See
Profession:WilmerHale
 
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On 9 November 2016, the ICC Commission on Arbitration and ADR (ICC) published a report on financial institutions and international arbitration. The report was the result of a two-year study by the ICC Task Force on Financial Institutions and International Arbitration (the Task Force), which examined the use of both international commercial and investor-state arbitration by financial institutions in a wide range of activities. Steven Finizio, Manuel Casas, Jonny Lim, and Rina See of WilmerHale consider the ICC's report and summarise the Task Force's findings and recommendations.

The use of arbitration in financial disputes

The Task Force observed that, historically, many financial institutions have not used international arbitration to resolve their disputes, choosing instead to litigate in the national courts of financial centres...

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