ICA International Advisory Committee

Indian Council of Arbitration (ICA), India – ICA is pleased to announce the creation of an international advisory committee comprising six high well regarded international arbitration experts, representing 6 distinct regions. The newly appointed members bring a wealth of experience in arbitration across different sectors and geographies, demonstrating ICA's commitment to providing exceptional dispute resolution services that embody excellence, integrity, and equity.

International Advisory Committee comprises esteemed members, Justice Shamlan Al Sawalehi, Judge, DIFC Courts – UAE & MENA Region, Mr. Cecil Abraham, Senior Partner, Cecil Abraham & Partners - Malaysia, Mr. Joachim Knoll, Partner, LaLive – Switzerland & EU Region, Mr. Ali Ismael Al Zarooni, Managing Partner, Horizons & Co – Middle East, Mr. Francis Xavier, Regional Head, Dispute Resolution Group - Rajah & Tann – Singapore & Ms. Karishma Vora, Barrister & Arbitrator, 39 Essex Chambers – the UK.

ICA’s international advisory committee will play a vital role in the promotion and development of arbitration around the globe, and to help shape the future of the arbitration landscape of India, as well as bring the best practices and ethos for delivery of efficient and effective arbitration as a dispute resolution method, further reinforcing ICA’s position as the leading arbitration centre in the world.

RECENT JUDICIAL PRONOUNCEMENT IN ARBITRATION
(WITH EFFECTIVE FROM OCTOBER 1, 2022)

The Hon’ble Supreme Court of India, in its recent judgement dated 30.08.2022 delivered by the bench consisting of Justice D Y Chandrachud, Justice Sanjiv Khanna & Justice Surya Kant in Arbitration Petition between ONGC Vs AFCONS GUNANUSA JV held that the Fourth Schedule of the Arbitration Act for arbitrator's fees, in which the maximum arbitrator fees have been capped at Rs 30 lacs per arbitrator.

In pursuance of the above finding, ICA has adopted the interpretation of the Hon'ble Supreme Court of India by the ceiling of ₹30 lakh for each arbitrator in the entry at Sl. No. 6 of Rule 31 (2) of the ICA Rules of Domestic commercial Arbitration, with effect from October 1, 2022.

Note: In the matters adjudicated by the Sole Arbitrator, the Ld. Tribunal will be entitled to an additional amount of 25% on the fee payable as per Rule 31(2) of ICA Rules of Domestic Arbitration. CLICK HERE to view the Rules.

ENHANCEMENT IN MEMBERSHIP SUBSCRIPTION
(WITH EFFECTIVE FROM June 20, 2022)

Note: The ICA membership subscription had been last revised long back in 2006 and the cost of material and services have gone up considerably since then. Therefore, the rates of membership subscription have been enhanced in all the four categories effective from 20th June, 2022: CLICK HERE

ICA COMMERCIAL ARBITRATION, CONCILIATION & MARITIME ARBITRATION CLAUSES
(WITH EFFECTIVE FROM OCTOBER 1, 2022)

Note: The Indian Council of Arbitration recommends to all parties desirous of making reference to arbitration by the Indian Council of Arbitration, the use of the following arbitration clause in writing in their contracts: CLICK HERE