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ICC - International Chamber of Commerce Arbitration Rules 1998 - (these rules came into effect on 1 January 1998)
International Chamber of Commerce (ICC)
copy @ Lex Mercatoria
The ICC recommends that all parties wishing to make reference to ICC arbitration in their contracts use the following standard clause.
Parties are reminded that it may be desirable for them to stipulate in the arbitration clause itself the law governing the contract, the number of arbitrators and the place and language of the arbitration. The parties' free choice of the law governing the contract and of the place and language of the arbitration is not limited by the ICC Rules of Arbitration.
Attention is called to the fact that the laws of certain countries require that parties to contracts expressly accept arbitration clauses, sometimes in a precise and particular manner.
"All disputes arising out of or in connection with the present contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules."
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