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Following the conclusion of the COP27 climate summit, the International Chamber of Commerce (ICC) has issued the following statement.

Speaking at the 2022 United Nations Climate Change Conference in Sharm El Sheikh, Egypt, ICC Global Policy Director Andrew Wilson sent a strong message to climate ministers on the importance of successful outcomes at COP27.

A major study of the functioning of five major carbon pricing systems has highlighted significant progress made in adopting market-based systems – while pointing to the need to further drive and optimise the design of such policies to accelerate emissions reductions and boost energy security.

The International Chamber of Commerce (ICC) has published a pilot version of the first-ever industry framework to assess the sustainability performance of trade transactions.

In the latest in a series of measures to improve diversity in arbitration, ICC has introduced standard language in its model letters to parties and co-arbitrators.

The International Chamber of Commerce (ICC) has announced the appointment of eight new Vice-Chairs to the ICC Commission on Arbitration and ADR, ICC’s leading think tank in international dispute resolution.

The ICC World Chambers Federation and the Bogotá Chamber of Commerce hosted the First Ibero-American Summit on Sustainability and Innovation in Business, during which international speakers, panellists and experts highlighted the crucial role played by chambers of commerce in encouraging the development of SMEs and fostering public-private partnerships around the world.

Recent macroeconomic woes affecting the developed world are likely to spill over to emerging markets, especially more financially vulnerable and politically unstable Latin America, currently facing a resurgence in left-wing nationalistic movements. The Latin American left-wing has often aimed at increasing the dominance of state-owned enterprises in the economy, adopting stronger regulation and stringent control on foreign investment, all of which could lead to contract breaches and increase in litigation over disputes in regulated industries such as oil & gas, utilities, and mining.

In closing the first day of the 20th ICC Miami Conference on International Arbitration, the highly anticipated book ‘Leadership, Legitimacy, Legacy: A Tribute to Alexis Mourre’ was launched amidst an endearing audience.