In this edition we look at the proposed changes to the FIDIC Yellow Book and consider their likely impact. We also review the Modifications to the ICC Practice Note on Conduct of Arbitration and Update to the ICC rules of Arbitration. We then discuss two recent cases where Fenwick Elliott acted involving attempts to refuse to honour letters of credit. Finally, the DIFC-LCIA Arbitration Centre has released its new Arbitration Rules, and we look at the most important changes.

The links to these articles are below

Changes to the FIDIC Form of Contract [14]

Modifications to ICC Practice Note on Conduct of Arbitration and Update to the ICC Rules of Arbitration [15]

When good security is paramount and the courts are hands off [16]

The DIFC-LCIA Arbitration Centre introduces 2016 Arbitration Rules [17]

download (PDF 2.78MB) Issue 20 of International Quarterly [18]