Mr. Arun Chawla
Advisor


Mr. D Sengupta
Additional Director
Team Leader

The Govt. of India, in exercise of its powers and under Notification No.22/2015-Service Tax dated 6th November, 2015, has levied 0.5% as Swachh Bharat Cess in addition to current service tax of 14%. The new Service Tax rate of 14.5% shall be effective from 15th November, 2015. Accordingly, the revised rate of registration fee for initiation of arbitration under the ICA Rules of Arbitration will be calculated, determined and payable on the following basis:

  • Rs.11,450/- with regard to the value of amount in dispute less than Rs.1 crore
  • Rs.22,900/- with regard to the value of amount in dispute being Rs.1 crore or more

The above rates of Registration Fee shall be applicable to any arbitration case under the ICA Rules of Arbitration, to be filed on or after 15th November, 2015.

 

International Conference on
ARBITRATION IN THE ERA OF GLOBALIZATION
11th & 12th December, 2015 – New Delhi

The Indian Council of Arbitration (ICA) organized an International Conference on Arbitration on 11th and 12th December, 2015 at New Delhi. The Conference was inaugurated by Hon’ble Mr. Justice T S Thakur, Chief Justice of India and Mr. Mukul Rohatgi, Senior Advocate and Attorney General of India addressed the valedictory session.

Each technical session was chaired by the sitting Judge of the Supreme Court of India like Hon’ble Mr. Justice A K Sikri, Hon’ble Mr. Justice Madan B Lokur, Hon’ble Mr. Justice Uday Umesh Lalit and Hon’ble Mr. Justice R F Nariman.

The other distinguished speakers include Mr. Salim Moollan, Essex Court Chambers, London, Mr. Audley Sheppard, QC, Global Head of Arbitration, Clifford Chance, London, Ms. Andrea J Manekar, Partner, White & Case, Washinton, Mr. James P Duffy IV, Partner, K & L Gates, Ms. Sheila L Shadmand, Partner-in-Charge, Jones Day, Dubai, Mr. Mustafa S Doctor, Senior Advocate, Bombay High Court, Mr. Peter Hirst, Partner, Clyde and Co. London, Mr. Brandon J Malone, Chairman, Scottish Arbitration Centre, Edinburgh, Mr. Joachim Knoll, Partner, LAlive, Switzerland, Ms. Pallavi Shroff, Managing Partner, Shardul Amarchand Mangaldas & Co., Mr. Francis, Rajah & Tann, Singapore, Mr. Alec Emmerson, CEO, DIFC Arbitration Institute, Dubai and Mr. Badrinath Durvasula, Vice President (Legal), Adani Group. The entire program was moderated by Ms. Geeta Luthra, Senior Advocate & Vice President, ICA and Mr. Arun Chawla, Advisor, ICA.

Participants may click here ( day 1  /  day2 ) to view the photos of the Conference.

 
ICA COMMERCIAL ARBITRATION, CONCILIATION & MARITIME ARBITRATION CLAUSES

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...

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.....


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