You will receive an impartial and internationally recognised arbitration service that upholds the sanctity of contracts and promotes good trading practice. You also gain our commitment to ensure that disputes are settled as quickly as possible. ICA arbitration awards can be enforced in foreign courts under international law, following an agreement made in New York on 10 June 1958 on the recognition and enforcement of foreign arbitral awards.
There are two types of arbitration:
It is good practice to include an arbitration clause when entering into a contract. The ICA has a model arbitration clause available for members to use. Access it here.
Full details can be found in the ICA Bylaws & Rules – Section 3: Arbitration.