As you may be aware, India has assumed the Presidency of BRICS (Brazil, Russia, India, China, and South Africa) for the year 2016 and a major event will be held in India in October at New Delhi. During India’s Presidency of BRICS (2016-17), the Govt. of India (Ministry of Finance) in partnership with Indian Council of Arbitration (ICA) and Federation of Indian Chambers of Commerce & Industry (FICCI) is hosting a Conference on “International Arbitration in BRICS: Challenges, Opportunities and Road ahead” on August 27, 2016 at Vigyan Bhawan, New Delhi. The objective of the Conference is to promote a stronger arbitration regime and culture in the BRICS countries in response to the unique needs and aspirations in order to reform the existing arbitration regimes in these countries.

The Conference will be inaugurated by Mr. Arun Jaitley, Hon’ble Finance Minister of India. Mr. Ravi Shankar Prasad, Hon’ble Law Minister of India, has been invited to deliver the Valedictory Address. Experts from across the globe will share their experience with dispute resolution involving BRICS states, both from a domestic view and from the perspective of a foreign investor, report on recent judicial decisions and advise about pitfalls regarding arbitration and the enforcement of arbitration awards.

For registration, please, CLICK HERE.

For program, please, CLICK HERE.

For Hotel Details, please CLICK HERE

Workshop on Domestic & International Arbitration
12-13 July, 2016 – New Delhi

ICA hosted a 2-day Workshop to increase the understanding of internal and international commercial arbitration and to introduce and provide resources that will support honing the skills of the participants and expanding their scope of knowledge in the field. The event was a great success having attracted an excess of 70 people interested in receiving training on arbitration. We are overwhelmed to see real growing interest in arbitration among young legal practitioners and professionals.

Click here to view some golden moments of the Workshop.

Seminar on “International Arbitration in India: Changes & Challenges”
11th July, 2016

The Seminar on “International Arbitration in India: Changes & Challenges” organized by ICA on 11th July, 2016 was a resounding success! Eighteen distinguished speakers and experts enriched the participants with their practical experiences in the field.

Thanks to the full-capacity crowd for participating in the Seminar, which far exceeded our expectations.

Please click here to be taken to the Seminar Photo Gallery.

ABOUT ICA

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...

NEW ICA RULES OF DOMESTIC COMMERCIAL ARBITRATION | INTERNATIONAL COMMERCIAL ARBITRATION | MARITIME ARBITRATION
(effective from 1st April, 2016)

(A)     New Registration rate of Fee for Domestic Commercial Arbitration:

  • Non-Refundable Registration Fee of Rs.15,000/- plus applicable taxes for claims up to Rs.1 Crore
  • Non-Refundable Registration Fee of Rs.30,000/- plus applicable taxes for claims above Rs.1 Crore

(B)     New Registration Fee for International Commercial Arbitration:

  • Non-Refundable Registration Fee of U S Dollars 1,650 plus applicable taxes (No Change)

(C)     New Registration Fee for Maritime Arbitration

  • Non-Refundable Registration Fee of Rs.15,000/- plus applicable taxes for claims up to Rs.1 Crore
  • Non-Refundable Registration Fee of Rs.30,000/- plus applicable taxes for claims above Rs.1 Crore

All amendments in these Rules are introduced pursuant to the amendments to the Arbitration & Conciliation Act, 1996 (“Act”), which will automatically become effective from the date of amendments to the Act i.e. 23rd October, 2015. All other amendments shall become binding with effect from 1st April, 2016. The aforesaid amended Rules are appended herein below.

Due to Krishi Kalyan Cess (KKC), applicable on service tax w.e.f. 1st June, 2016, the effective service tax will now become 15% from the existing 14.5%. The increased service tax will be charged on every payment receivable by the ICA on or after 1st June, 2016.

ICA COMMERCIAL ARBITRATION, CONCILIATION & MARITIME ARBITRATION CLAUSES

 
LISTS OF ELIGIBLE VOTERS

Maritime Rules
(with effect from 1st April, 2016), click here.