Cessation of President Nominations by Chartered Accountants ANZ

If your clients are parties to contracts where Chartered Accountants ANZ (or ICAA) have been named in relation to the nomination of an independent expert, this clause may no longer operate as intended.  This may result in dispute clauses being unenforceable and leave disputing parties without an agreed approach to appoint an independent expert.

Please ensure that reference to Chartered Accountants ANZ offering these services is removed from any commercial precedents your firm may be using.