The IBA has published new IBA Guidelines for Drafting International Arbitration Clauses. (You can read them here)

The Guidelines have been produced with the aim of assisting parties and their Counsel to achieve effective arbitration clauses which unambiguously embody the parties’ wishes.

The IBA’s announcement states that “Guidelines tackle some of the more complex drafting issues which arise when an arbitration agreement goes beyond the typical bipartite arrangement and involves multiple parties and/or a range of related contractual agreements …Differing from other rules and guidelines previously issued by the Arbitration Committee, the …Guidelines have been developed in order to assist not only arbitration specialists but, particularly, in-house counsel and business lawyers ordinarily involved in contract drafting but unfamiliar with the complexities of arbitration.”