2016 | Junio 21
Recently, there have been a number of appeals for an international commercial court (ICC) to be established in Australia. But what are ICCs? Why do we need them? And are they a viable option?
CCs are distinct from normal courts because they have express jurisdiction to hear international cases.
Some key examples of ICCs worldwide include the London Commercial Court, and the newly established Singapore International Commercial Court (SICC).
While the London Commercial Court may be seen as the traditional home of international commercial litigation, the establishment of the SICC has shifted the focus to Asia. It remains to be seen whether its impact on international commercial litigation will be as significant as Hong Kong and Singapore’s impact (as arbitral centres) on international commercial arbitration over recent years.