Previous Page  217 / 516 Next Page
Information
Show Menu
Previous Page 217 / 516 Next Page
Page Background

Terms of Reference Pursuant to the International Chamber of

Commerce (ICC) Rules of Arbitration

*

Att. Alper Uzun

Terms of Reference

Terms of Reference is a document provided for the usage within

international arbitration law by the International Chamber of

Commerce with its main purpose being the fast and efficient progress

of arbitral proceedings; the content of which is drawn and executed

with participation and by mutual consent of the parties and arbitrators.

The document sets forth the scope and limits of the duties and

competences of the arbitrators. The document includes information on

the parties and arbitrators, a summary of pleas and defense of the par-

ties, the claims, the dispute in question, and the procedural provisions

which shall be applicable. Therefore, the drawing up of the document

sets forth a framework to the flow of the proceedings, and as it reflects

the consent of the parties, the recognition and enforcement of the arbi-

tral awards at the end of the proceedings is assured.

The Advantages, Functions and Legal Nature of the Terms of

Reference

The parties and the arbitrators, by drawing up the terms of refer-

ence, ensure that the dispute is explicitly put forward and defined. The

parties negotiate and arrive to a consensus with respect to numerous

material rules applicable to the procedure of the arbitration, such as the

language and place of arbitration, terms, and means of notification.

Therefore, some possible frustrating issues related to procedural mat-

ters which may arise at a later stage can be averted at the inception of

the arbitration proceedings and any interruption in the proceedings

may thus be prevented.

The Provisional Time Table separately prepared together with the

Terms of Reference states in detail which items shall be fulfilled at

ARBITRATION LAW

203

*

Article of April 2012