|
International Commercial Arbitration provides an effective means of dispute resolution and is an important element in the orderly growth and encouragement of international investment and trade.
Foremost among the many benefits of international arbitration as a means of resolving conflicts is the enforceability of arbitral awards in the more than one hundred countries which are signatories to the 1958 UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards (The New York Convention).
The BCICAC provides the international community with an important services for the effective resolution of commercial conflicts. These include rules of procedure, rosters of qualified arbitrators and administrative services to facilitate an efficient, fair, and economical dispute resolution process.
The BCICAC International Commercial Arbitration Rules were first introduced in 1986 the most recent amendment dated January 1, 2000.
|