Costly, time-consuming business disputes can take a real bite out of your company’s bottom line. That is why more and more companies are turning to the Indian Council of Arbitration (ICA), the undisputed leader in dispute resolution services in India.
The ICA was established in 1965 as a specialized arbitral body at the national level under the initiatives of the Govt. of India and apex business organizations like FICCI etc. Based in New Delhi, the main objective of ICA is to promote amicable, quick and inexpensive settlement of commercial disputes by means of arbitration, conciliation, regardless of location. more...
We are glad to inform you that ICA is organizing a Workshop on “Domestic & International Arbitration” at New Delhi from 9th to 11th March, 2015. To know the details about the Workshop, pleaseClick here.
In order to update the contact details of all ICA members a Database updation Form is prepared and enclosed for your information and use. Please do the needful in order to help us update your contact information. The completed form may be send to the council by post or through email. (Download Form)
Registration Fee for Arbitration Cases:
w.e.f 08 - 05 -2012
Claims below Rs. 1 crore Rs. 10000
Claims above Rs. 1 crore Rs. 20,000
In order to rule out certain ambiguities, anomalies and inadequacies found to be existed in the ICA Maritime Arbitration Rules as effective from October, 2012, the Council decided and proposed amendments to the said Maritime Rules and through series of debates and deliberations upon the subject, the said Maritime Rules have now been thoroughly revised and approved by the Ministry of Shipping. The revised Rules have been effective on and from 1st September, 2014.
For complete text of the revised Maritime Rules (with effect from 1st September, 2014), click here.
APPLICABILITY OF RULES OF INTERNATIONAL COMMERCIAL ARBITRATION OF THE COUNCIL
As you are well aware, the Rules of International Commercial Arbitration of the Council has been effective from 1st January, 2014, which recommends a standard arbitration clause, as reproduced below, which may be included in any contract or agreement for resolution of any international commercial dispute/s without modification or modified as may be required or according to the parties’ preferences:
“Any dispute or difference whatsoever arising between the parties out of or relating to the construction, meaning, scope, operation or effect of this agreement or the validity or the breach thereof shall be settled by arbitration in accordance with the Rules of International Commercial Arbitration of the Indian Council of Arbitration and the award made in pursuance thereof shall be binding on the parties.”
However, as per Rule 2 (i) of the said Rules of International Commercial Arbitration, any arbitral reference having adopted the Council as a facilitating institution for arbitration of dispute/s, will be considered as “International Commercial Arbitration” where at least one of the parties is;
An individual who is a national of, or habitually resident in any country other than India; or
A body Corporate, which is incorporated in any country other than India; or
A company or an association or a body of individuals or a partnership firm, whether incorporated or not, whose central management and control is exercised in any country other than India; or
The Government of a foreign country.”
The reference or references as such having fulfilled any of the criteria above will strictly be considered as international commercial arbitration and in that case, the Rules of International Commercial Arbitration of the Council, as effective from 1st January, 2014, will be applicable to such reference in supercession of Rule 4 of the Rules of Arbitration & Conciliation of the Council, effective from 8th May, 2012. This is for information and strict compliance.
Conference on “Resolving Maritime Disputes though Arbitration”
November 14, 2014 - Mumbai
In order to create a platform for the maritime experts to deliberate upon the issues on the areas of concern in the field of maritime arbitration as also to share their practical experiences with the participants, the Indian Council of Arbitration (ICA) organised a Conference on “Resolving Maritime Disputes through Arbitration” at Mumbai on 14th November, 2014. Click here to view more and gallery
Mr. Arun Chawla
Mr. D Sengupta Additional Director
ICA RELEASED ITS NEW RULES FOR INTERNATIONAL COMMERCIAL ARBITRATION
The Indian Council of Arbitration (ICA) has recently published its new Rules of International Commercial Arbitration governing international commercial disputes for ICA commercial arbitrations initiated on or after 1st January, 2014. Arbitration proceedings filed prior to 1st January, 2014 continue to be governed by the ICA Rules of Arbitration amended and effective from 8th May, 2012.
There are a number of significant changes brought into the new Rules of International Commercial Arbitration, many of which appear designed to add increased flexibility to the parties and retain arbitration's promise of a streamlined, cost-effective alternative to traditional litigation. Click here to see the complete text of the new Rules of International Commercial Arbitration.
ARBITRATION IN INDIA: THE FUTURE SCENARIO
22ND DECEMBER, 2014 – NEW DELHI