As the arbitration market remains highly competitive, the ICC is making every effort to maintain its status as a preeminent arbitral institution, reinforced by a track record of 28,000 administered cases. Analysis of ICC Court’s dispute resolution statistics for 2023 shows that its strategy remains focused on consistent growth. Although the COVID-19 pandemic did not spare any global arbitration institution, last year’s data indicates that recovery has finally arrived: for the first time since 2020, the ICC’s caseload returned to pre-pandemic levels.
Between 2020 and 2022, it had slumped from 929 to 695 cases while registered parties fell from 2,507 to 1,959—a worrying downward shift, notwithstanding “crisis” arbitrations relating to the pandemic. The recent upswing, marked by a jump from 695 cases in 2022 to 890 in 2023, certainly augurs well.
