ICC (2021) Arbitration: Fees, Advances, and Costs (International)

Summary

This practice note considers fees, advances and costs under the 2021 International Chamber of Commerce (ICC) Rules of Arbitration (ICC Rules). The ICC Rules apply to any ICC arbitrations commenced on or after 1 January 2021, unless the parties expressly agree that an earlier version of the ICC Rules will apply (eg, in the arbitration clause). See ICC Note to Parties and Arbitral Tribunals on the Conduct of the Arbitration Under the ICC Rules of Arbitration (ICC Note).