Mr. Arun Chawla
Advisor


Mr. D Sengupta
Additional Director
Team Leader
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.

ICA COMMERCIAL ARBITRATION, CONCILIATION & MARITIME ARBITRATION CLAUSES

Eligible Voters for Election - GB Members - 2015
(as on 15th May, 2015)

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: more.....


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...

On the occasion of its Golden Jubilee Year, the Indian Council of Arbitration is organizing a 2-day Conference on “Arbitration in the Era of Globalization” on 11th and 12th December, 2015 at New Delhi.

The Conference will provide a meaningful coverage on common trends in the field of international and domestic arbitration with a special reference to dynamic economy of India. It will also intend to highlight India’s stake and potential to grow as arbitration-friendly nation in the Asia-Pacific region and the complex issues which are still challenging its dispute resolution mechanism.

The Conference will be inaugurated by Hon’ble Judge of Supreme Court of India, while the Hon’ble Law Minister of India is expected to address the closing ceremony.

Besides prominent speakers and participation from both India and abroad, the technical sessions on different topics concerning various aspects of arbitration will be chaired by Hon’ble Judges and eminent jurists, who will share their views on program topics.

More details including the Conference program coming soon. Watch out this page of the forthcoming issues of the Quarterly and visit ICA Website: www.icaindia.co.in regularly to know more about the Program and Registration.

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.  10, 000
Claims above Rs.  1 crore             Rs.  20,000
 

The above Seminar will focus on the prospects and effectiveness of arbitration and conciliation in settlement of commercial disputes in SAARC countries and deliberate upon the key roles played by arbitration and conciliation in dispute resolution in the international commercial arena in terms of saving precious time and money of the international business operators.

The Seminar will likely to be inaugurated by Mr. P.K. Malhotra, Hon’ble Secretary, Ministry of Law & Justice, Govt. of India. It will also be attended by representatives of SAARC countries and leaders of business and industry, diplomats and professionals.

The interested participants may register their names in the Registration Form (click here) and return the same to us at the earliest.

As the seats are limited, the registration will be done on “first-come-first-served-basis”. So, if you are interested to join the Seminar, HURRY FOR YOUR REGISTRATION.

For tentative program, please (click here)

 

2nd WORKSHOP ON DOMESTIC AND INTERNATIONAL ARBITRATION
July 2-4, 2015 - Mumbai

:: Click here to view and enjoy the photographic coverage of the Workshop ::


Maritime Rules
For complete text of the revised Maritime Rules (with effect from 1st September, 2014), click here.