Following is a press release by the International Chamber of Commerce (ICC):
The ICC World Council has named 12 new vice presidents and 41 new members to the ICC International Court of Arbitration. The new appointments bring the total number of Court members to 125. The ICC World Council made the appointments at its meeting in Kuala Lumpur on the occasion of the ICC World Chambers Federation Congress in Malaysia.
In addition to the new appointments, the World Council renewed the terms of 56 other members and 12 alternates. Court members serve three-year terms. The Court will have 125 members from 86 countries when its new term begins 1 July.
“The appointments of the new vice presidents in particular reflect the global reach of ICC arbitration, the diversity of its users and the continuing ability of the ICC Court to attract both well-known names and rising stars to join it,” Court Chairman John Beechey said.
The Court’s workload has been growing rapidly during the past several years, with the number of cases registered jumping to 663 last year from 599 in 2007. In addition 407 awards were rendered in 2008, compared with 349 in 2007, while there were 1,317 cases pending compared with 1,285 at the end of the previous year.
We wonder if this signals the expansion of the international arbitration practice? Let us know what you think!
The full announcement is here: New ICC Arbitration Court Members Named, ICC, Paris, June 9 2009.
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