3 Int'l Arbitration Trends To Watch: Midyear Report

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3 Int'l Arbitration Trends To Watch: Midyear Report

July 14, 2026

United States
United States
United States
Law360

In Law360's midyear report on arbitration trends to watch, counsel Levon Golendukhin discusses one of the year's most notable procedural shifts: the International Chamber of Commerce's decision to make its longstanding Terms of Reference optional. As arbitral institutions face increasing pressure to improve efficiency and control costs, the move signals a willingness to rethink even the most established features of the arbitral process.

"I think it's groundbreaking — not in the procedural change itself — but in the fact that it's willing to update its rules to do away with the things that were characteristic of the ICC," he added.

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levongolendukhin@eversheds-sutherland.com

Levon Golendukhin

Counsel

New York, United States

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