The International Chamber of Commerce (ICC) has a new partnership with the New York International Arbitration Center (NYIAC) to facilitate ICC arbitrations seated in New York. NYIAC does not administer arbitrations, but provides dedicated hearing rooms and support services for arbitrations conducted under any institutional rules or conducted ad hoc.
The Memorandum of Understanding signed by both parties came in response to New York‘s growing popularity as the seat of ICC arbitrations.
The ICC opened its New York office in 2013.