The world faces a growing number of daunting challenges in the aftermath of the COVID pandemic and the Russian invasion of Ukraine. Rising nationalism and trade protectionism, and the spectre of inflation and soaring food and energy prices have rattled governments and roiled financial markets. More than ever, we must reinforce the legal structures that were put in place a century ago to provide stability for global commerce and business relations.
At that time, Europe was still recovering from the devastation the World War 1. A group of pioneering entrepreneurs—who called themselves the Merchants of Peace—came to recognize the need for a trustworthy system to manage cross-border trade and settle disputes. Meeting in Paris, they established the International Chamber of Commerce (ICC) and the ICC International Court of Arbitration to promote peace and prosperity and the rule of law.
