On 30 October 2016, the Comprehensive Economic and Trade Agreement (CETA) was adopted by the Council and signed at the EU-Canada Summit. Once applied, CETA will provide EU firms with better business opportunities in Canada as well as support job expansion in the EU.
In October 2016, the ICC Executive Board approved changes to the ICC Rules, which will take effect as of 1 March 2017.
Choosing a suitable seat of arbitration is of paramount importance. The decision will play a vital role in how the arbitral proceedings are conducted, especially with regard to the involvement of domestic courts.