Issue 20

December 2016

This issue reviews proposed changes to the FIDIC Yellow Book, updates to ICC arbitration guidance and rules, recent cases on letters of credit, and the new DIFC-LCIA Arbitration Rules.

In this issue

20 December 2016

Changes to the FIDIC Form of Contract

At the International Contract Users Conference held in London on 6-7 December 2016, FIDIC unveiled its proposed revisions to the 1999 Rainbow Suite.

International Quarterly Issue 20

10 min read

20 December 2016

Modifications to ICC Practice Note on Conduct of Arbitration and Update to the ICC Rules of Arbitration

Alexis Mourre became president of the ICC International Court of Arbitration on 1 July 2015 and very soon after commencing his role it became apparent that he intended to address some of the problems with arbitration.

International Quarterly Issue 20

6 min read

20 December 2016

When good security is paramount and the courts are hands off

The law on letters of credit has been upheld in two cases; banks cannot refuse to pay a demand meeting the requirements of a letter of credit unless it would involve fraud.

International Quarterly Issue 20

4 min read

20 December 2016

The DIFC-LCIA Arbitration Centre introduces 2016 Arbitration Rules

A number of substantive changes have been introduced by the 2016 Rules, with the emphasis being on ensuring that DIFC-LCIA arbitrations proceed as expeditiously and cost-effectively as possible.

International Quarterly Issue 20

6 min read

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