In a final award dated 22 September 2026 (the “Award”), the arbitral tribunal in the dispute between Tullow Ghana Limited (“TGL”) and the Republic of Ghana (“Ghana”) rejected TGL’s contractual challenge to a USD 393.1 million tax-and-penalty assessment. The London-seated arbitration proceeded under the 2021 Rules of Arbitration of the International Chamber of Commerce (“ICC”) […]
ICC Arbitration
What the ICC’s 2025 Statistics Tell Us About the Direction of International Arbitration
The ICC Dispute Resolution 2025 Statistics are more than an annual scorecard. They show a global, institutionally active arbitration system that is also becoming increasingly regional and efficiency-focused. Questions of diversity, procedure and award quality are also greatly influencing the arbitration system. Nowadays, the International Chamber of Commerce (“ICC”) represents the interests “of more than […]
Key Changes in the 2026 ICC Arbitration Rules
The International Chamber of Commerce (the “ICC”) has now released the newest iteration of its arbitration rules, the 2026 ICC Arbitration Rules (the “2026 Rules”), which will enter into force on 1 June 2026. The 2026 Rules are evolutionary rather than revolutionary. The ICC has not fundamentally altered the structure of ICC arbitration, but it […]
Panama Canal Ports Dispute: Key Lessons for Foreign Investors
Disputes over critical assets now drive many international arbitrations. Ports, airports, energy projects, mining assets, data centres, telecom networks and transport corridors are no longer purely commercial assets. States increasingly link them to national security, economic sovereignty, supply chains and geopolitical influence. The Panama Canal ports dispute shows this trend clearly. Panama Ports Company, a […]
New 2026 ICC Arbitration Rules
The International Chamber of Commerce (“ICC”) has approved a revised version of its Rules of Arbitration, which will enter into force on 1 June 2026 (“2026 ICC Rules”), replacing the 2021 Rules of Arbitration (“2021 ICC Rules”). The revisions are designed to improve efficiency, clarity and user-friendliness, ensuring ICC arbitration remains responsive to global user […]
Key Takeaways from 2024 LCIA and ICC Arbitration Statistics
The latest statistics from the London Court of International Arbitration (LCIA) and the International Chamber of Commerce (ICC) provide valuable insights into evolving trends in global dispute resolution. Both institutions continue to reflect the internationalisation of arbitration, growing involvement from emerging markets, increased attention to tribunal composition, and greater procedural efficiency in handling complex, high-value […]
Behind the Curtain: A Step-by-Step Guide to ICC Arbitration
For many parties, initiating ICC arbitration can seem like entering unfamiliar territory. The process is formal and structured, and the term arbitration itself may carry a sense of complexity, especially for those encountering it for the first time. While it is a well-established mechanism for resolving cross-border disputes, the procedural steps that follow the filing […]
What Are the Recoverable Costs in ICC Arbitration?
Costs are among the most important considerations for parties in international arbitration proceedings.[1] Therefore, it is crucial for them to know in advance the categories of recoverable costs at the end of the arbitral process. These costs can generally be recovered from the losing party. In this respect, Article 38 of the Arbitration Rules of […]
ICC Emergency Arbitration
ICC emergency arbitration offers parties an alternative to state courts’ jurisdiction in seeking interim or conservatory relief. This procedure was introduced in 2012 with Article 29 of the ICC Rules and Appendix V.[1] The emergency arbitration provisions apply by default to arbitration agreements concluded after 1 January 2012 unless the parties have opted out.[2] The […]
