News

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ICC calls on tax authorities to review tax treatment of international takeovers and mergers (November 30,-0001 )
The policy statement highlights concerns about a view put forward by a number of governments that it is appropriate to tax international transactions occurring entirely outside their jurisdictions, where part of the transactional value stems from underlying assets in that state. The business organiz


Piracy incidents rise for third consecutive year (January 15,2010 )
The main reason for nearly 39% rise was the situation off the coast of Somalia, where piracy activity in the region accounted for more than half of all acts of piracy reported last year. In the year just ended 153 vessels were boarded worldwide, 49 were hijacked, 84 suffered attempted attacks and 12


ICC Chairman discusses economic recovery with President of Turkey (January 13,2010 )
Rifat Hisarcıklıoglu, President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) and Chairman of ICC Turkey also represented ICC at the meeting. Speaking in response to Mr Fungs remarks that while world markets were showing early indications of recovery protectionist measures sho


Arbitration in Asia (January 7,2010 )


ICC to hold training on drafting international contracts (June 1,2010 )
In order to help legal directors, corporate counsel, lawyers and other legal professionals avoid the pitfalls in international contract drafting, the ICC Institute of World Business Law is organizing a four-day PIDA training programme on negotiating and drafting such contracts. The PIDA training pr


ICC announces new rules for demand guarantees (December 4,2009 )
The revised rules, the first in 18 years, were formally adopted by the ICC Executive Board at its meeting in New Delhi and will enter into force on 1 July 2010. The URDG have gained increasing worldwide acceptance over the years. They were adopted by the International Federation of Consulting Engine


ICC-Ifo poll shows economists see new opportunities in low carbon economies (December 3,2009 )
The poll, conducted among 1,026 economic experts in 86 countries in October, was part of the quarterly ICC and Ifo Institute for Economic Research World Economic Survey. Asked whether the transition to a low carbon economy will bring new opportunities to businesses in addition to cost reductions, 78


Global congress says stopping counterfeiting and piracy will help economy (December 3,2009 )
The call for increased action came at the close of the Fifth Global Congress on Combating Counterfeiting and Piracy at a time when the economic crisis has exacerbated a problem estimated to cost the global economy US$250 billion annually. The international event, held in Cancun, Mexico, from 1-3 Dec


Study shows most consumers buy counterfeit goods with little remorse (December 2,2009 )
The report, commissioned by the International Chamber of Commerce through its BASCAP initiative and conducted by the international research firm StrategyOne, details results of a global study of more than 5,000 consumers in Mexico, India, the UK, South Korea and Russia. It provides a comprehensive l


Global Congress to call for coordinated response to counterfeit threat (December 1,2009 )
More than 500 delegates from nearly 30 countries are attending the Fifth Global Congress on Combating Counterfeiting from 1 to 3 December hosted by INTERPOL and the Mexican Institute of Industrial Property to share proposals in reducing the impact of fake goods and identify and build upon successful