Source: International Chamber of Commerce
Headline: ICC extends support for economic recovery in Syria
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ICC will apply a 20% reduction on administrative expenses for eligible arbitration cases linked to Syria’s recovery. The measure builds on a similar framework introduced in response to the ongoing conflict in Ukraine and Lebanon, reflecting ICC’s commitment to supporting economies facing exceptional circumstances.
ICC Secretary General John W.H. Denton AO said:
“For too long, Syria has remained cut off from global markets. This initiative will increase access to ICC’s world-class dispute resolution services, helping to de-risk private capital and accelerate the country’s reintegration into the global economy.”
As reconstruction efforts begin to take shape, disputes may arise, particularly in sectors such as infrastructure, energy and transport. Ensuring access to trusted and neutral dispute resolution mechanisms will play a critical role in:
- Enhancing investor confidence through greater certainty and predictability
- Effectively managing complex cross-border disputes
- Supporting sustainable economic recovery
In this context, the ICC International Court of Arbitration will support parties operating in or in connection with Syria in accessing high-quality ICC arbitration services at a reduced cost. This will enable businesses to benefit from efficient procedures, enforceable outcomes and legal certainty under the ICC Rules.
ICC will also actively engage with local stakeholders – including legal professionals, public institutions and relevant authorities – to support long-term capacity building in international dispute resolution, and explore avenues of cooperation with relevant national and institutional stakeholders involved in Syria’s reconstruction efforts.
Related resources
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ICC has announced a new dispute resolution initiative to support Lebanon’s economic resilience and recovery, as part of a broader effort to support the country’s private sector amid ongoing economic hardship.
ICC announces dispute resolution initiative on Ukraine reconstruction
In a statement made from Kyiv today, the International Chamber of Commerce (ICC) pledged to sustain Ukraine’s economic reconstruction and development process, in line with its mission to facilitate peace and prosperity. Building on this commitment, the ICC International Court of Arbitration (ICC Court) announced intentions to offer its case management services at reduced rates in support of the reconstruction efforts.