The International Chamber of Commerce (ICC) has revealed record figures for new cases filed in 2016, with substantial increases in caseload for Latin America and South and East Asia. Head of Arbitration at Mishcon de Reya, Karel Daele, tells Legal Business magazine that the growth is down to a universal spike in demand: 'The increasing numbers are indeed testament to the good work that the ICC is doing and its global reach. However, this growth is not unique to the ICC.
'All major institutions, in various parts of the world, register an increasing number of cases year after year. All of these institutions continue to improve and modernize their rules so as to better serve the international business community and it appears that this work pays off.'
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