Approximately five years after amending its Rules of Arbitration (the “Rules”) in 2021, the International Chamber of Commerce (the “ICC”) has once again revised them.
The 2026 ICC Rules of Arbitration (the “2026 Rules”) entered into force on June 1, 2026 and apply to ICC arbitration proceedings registered on or after June 1, 2026, unless the parties have agreed otherwise.
This amendment represents the most significant revision to the Rules since 2012, with key features including streamlining and expediting arbitral proceedings, as well as enhancing transparency regarding arbitrators’ independence and impartiality. The 2026 Rules also introduce several new procedural provisions, including the Highly Expedited Arbitration Provisions (“HEAP”), which aim for a final award within three months, and an “Early Determination” procedure to swiftly address manifestly groundless claims or jurisdictional challenges.
In particular, under the 2021 ICC Rules of Arbitration (the “Previous Rules”), it was mandatory to draw up the Terms of Reference (the “TOR”)—a document setting out the basic framework of the arbitration, including a summary of the parties’ claims and relief sought, a list of issues to be determined, the seat of arbitration and the applicable procedural rules. However, in practice, frequent requests to extend the 30-day deadline for completing the TOR were identified as a source of procedural delay. Accordingly, the 2026 Rules removed the mandatory TOR requirement with the intent of expediting arbitral proceedings.
The key features of the 2026 Rules are set out below.
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Abolition of the Mandatory Terms of Reference (“TOR”)
Under the Previous Rules, the arbitral tribunal was required to transmit the TOR—signed by the tribunal and the parties—to the ICC Court within 30 days of the date on which the file was transmitted to it. Under the 2026 Rules, this mandatory TOR requirement is abolished, leaving it to the arbitral tribunal’s discretion to utilize the TOR as a case management tool.
However, within 30 days of receipt of the relevant document from the Secretariat, the arbitral tribunal must hold a Case Management Conference (“CMC”), and absent specific authorization from the arbitral tribunal, parties may not, in principle, introduce new claims after the CMC. Where a new claim is sought to be introduced, the arbitral tribunal will decide whether to permit it by taking into account (i) the nature of the new claim, (ii) the stage of the proceedings, (iii) cost-related implications, and (iv) any other relevant circumstances.
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Codification of Arbitrators’ Duty of Confidentiality
The 2026 Rules expressly codify arbitrators’ duty of confidentiality. Accordingly, arbitrators must maintain confidentiality with respect to all matters relating to the arbitration, except (i) in relation to information in the public domain, (ii) where the parties have agreed otherwise, (iii) where required by applicable law, or (iv) where necessary to protect legal rights or comply with a disclosure obligation.
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Enhanced Disclosure Procedures for Arbitrators
While maintaining the core approach of the Previous Rules regarding disclosures, the 2026 Rules explicitly codify the principle that, if there is any doubt as to whether a disclosure should be made, the arbitrator must choose to disclose. The 2026 Rules also expressly codify the principle—previously recognized as a matter of practice by the ICC Court—that a disclosure does not, by itself, establish a lack of independence or impartiality.
In addition, the 2026 Rules require each party to submit, together with its Request for Arbitration or Answer, a list of persons and entities in relation to whom potential arbitrator candidates and arbitrators should consider whether disclosure is required. This is intended to enable potential conflicts of interest to be identified at an early stage and to enhance procedural efficiency.
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Electronic Communications as Default Means of Communication
The 2026 Rules provide that written communications with the Secretariat are to be made by email or other electronic means as a matter of principle. Accordingly, hard copy submissions of the Request for Arbitration or Answer, and other documents are required only where electronic transmission is not possible or where a party requests a confirmation of service by registered mail or equivalent. Subject to consultation with the parties, the arbitral tribunal may electronically sign the arbitral award.
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Flexible Time Limit for Final Award
Under the Previous Rules, the final award had to be rendered, in principle, within six months from the date of the last signature on the TOR, subject to extensions by the ICC Court if deemed necessary or upon a reasonable request from the arbitral tribunal. The 2026 Rules abolish this six-month time limit running from the date of the last signature of the TOR, and instead allow the President of the Court to set a time limit based on the procedural timetable or a reasoned request by the arbitral tribunal.
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Introduction of Early Determination Procedure
The 2026 Rules introduce a new procedure whereby a party may apply for an early determination of a specific claim or defense on the grounds that it is (i) manifestly without merit, or (ii) manifestly outside the jurisdiction of the arbitral tribunal. The arbitral tribunal has discretion to decide whether to proceed with such application and, if it decides to do so, shall adopt an appropriate procedure after consulting the parties.
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Increase of Threshold Amount for Expedited Procedure Provisions (“EPP”)
The threshold amount for the application of the EPP has been increased from USD 3 million to USD 4 million under the 2026 Rules, thereby expanding the range of disputes subject to the expedited procedure. The increased threshold of USD 4 million will, however, apply only to disputes arising from arbitration agreements concluded on or after June 1, 2026.
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Introduction of Highly Expedited Arbitration Provisions (“HEAP”)
Under Appendix VI, the 2026 Rules introduce the HEAP, aiming to deliver a final award within three months. The HEAP operates on an opt-in basis and may be elected by the parties by agreement, regardless of the amount in dispute.
HEAP proceedings are decided by a sole arbitrator, and absent any extension of time limit, a final award will, in principle, be rendered within three months of the first CMC. It is also possible, by agreement between the parties, for the award to be rendered without reasons.
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This amendment is significant in that it addresses the formal and procedural inefficiencies identified over approximately five years of operating under the Previous Rules and promotes the streamlining and efficiency of arbitral proceedings by reflecting the realities of international arbitration practice.
As discussed above, with the abolition of the mandatory TOR requirement under the 2026 Rules, it will become increasingly important for parties to articulate their claims as fully and comprehensively as possible at the stage of submitting the Request for Arbitration or Answer. In particular, given that the introduction of new claims after the CMC requires permission from the arbitral tribunal, it will be essential to proactively develop comprehensive strategies from the earliest stages of a dispute.
Notably, the HEAP are expected to serve as an effective means of resolving relatively straightforward disputes quickly and cost-effectively. Accordingly, parties should consider in advance whether to include an opt-in HEAP clause when negotiating arbitration agreements. Furthermore, the newly introduced Early Determination procedure may serve as a valuable tool for swiftly addressing unfounded claims or jurisdictional challenges raised by the opposing party, and strategic consideration of this mechanism will also be warranted when conducting ICC arbitration proceedings going forward.
[Korean Version]