INTERNATIONAL CONFERENCE ARBITRATING INDO-UK COMMERCIAL DISPUTES
5th July 2022 – Mansion House, London, United Kingdom

Indian Council of Arbitration (ICA) is pleased to invite you to the Conference on “ARBITRATING INDO-UK COMMERCIAL DISPITESbeing organized, with support of FICCI.

Shir N.V. Ramana, Hon’ble Chief Justice of India has kindly agreed to deliver the Inaugural Address and Shri Kiren Rijiju, Hon’ble Union Minister of Law & Justice, Government of India, has been invited to deliver a Special Address. The Technical Sessions will be addressed by eminent speakers from both India and England. See tentative agenda, attached.

The Conference is expected to be attended by a high-powered audience, comprising of eminent jurists, policymakers, lawyers, in-house counsels, leaders from the legal fraternity, dispute resolution professionals, business leaders, leading corporates, business and trade chambers, government officials and friends from media & press to cover the event.

Given the fact that arbitration is widely used as a mechanism to resolve disputes with the business partners, this Conference will be a great opportunity for the participants to acquaint themselves with the latest developments in the field and enable them to interact with the global experts and legal luminaries on the subject.

Keeping in view of the magnitude of the event and importance of the subject, it would be a privilege if you could take part in the Conference and/or depute executive/s for participation.  May I also kindly request you to register by July 4th, 2022, for the conference through the below-provided link:

Click Here to Download E-Flyer

Click Here: https://forms.office.com/r/SqaqTCSfRs

Alternatively, the registration link can be opened via smartphone camera application by simply scanning the below QR Code:

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It is my pleasure to invite you once again to the august gathering so that we make it a grand success. I look forward to your presence during the Conference.

Click here: Tentative Programe

For any further information, please feel free to reach out to us on our email id at conference.ica@ficci.com, alternatively you directly call us on below provide numbers:

+91 996 873 5131 / +91 981 039 5191 (also available on WhatsApp)

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.

NEW ICA RULES OF DOMESTIC COMMERCIAL ARBITRATION (effective from 1st Jan, 2021)
| 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. 2 Crore
  • Non-Refundable Registration Fee of Rs.30,000/- plus applicable taxes for claims above Rs. 2 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
ICA COMMERCIAL ARBITRATION, CONCILIATION & MARITIME ARBITRATION CLAUSES
 

AMENDMENTS TO THE ICA DOMESTIC & MARITIME RULES OF ARBITRATION, 2021

In view of the amendments in Arbitrator’s Fee as envisaged in Schedule IV of the Arbitration & Conciliation Act, the ICA has also made the revisions in the Arbitrator’s Fee. There is no revision in Administrative Charges of ICA.

Accordingly, Rule 31(2) of the ICA Domestic Rules of Arbitration, 2021 and Rule 23 (2) of The Maritime Arbitration Rules, 2016 has been amended and replaced with the following fee structure. The other Rules remains same.

The revised fee has been effective from 17th January, 2022 and the Rules will be known as ‘The Domestic Rules of Arbitration, 2022’ and ‘The Maritime Arbitration Rules, 2022’ respectively, henceforth. Click here for amendments

Disputes of various forms put on hold big construction projects. This disruption causes worse damage in terms of original cost and profit calculation. The “Dispute Board” mechanism is an effective answer to this problem as it continuously monitors, discusses and settles all upcoming agreements between the parties during the continuation of project. Although the concept and mechanism of DB has been in operation close to four decades across the world, in India, the concept of DB and its acceptance for no hold-up project is still in a very nascent stage – particularly, the institutional dispute board service has no precedent here.  

To ensure a high standard of application of “Dispute Boards”, ICA, with the support of the World Bank, has established the Standard Operating Procedure (SOP) for Institutional Dispute Board Services in India. These Rules of Procedures have been drafted by experienced and high-ranking experts based on best practices from other countries.     

For any further information, you may write to: The Deputy Director, Indian Council of Arbitration, Federation House, Tansen Marg, New Delhi.
Email: ica@ficci.com

GST Implementation and ICA
(ICA GST No. 07AAATI2848E1ZT)

In order to make compliance with GST, effective from 1st July, 2017, the fees and charges of ICA have been slightly changed. The GST charges @18% will henceforth be applicable on the membership and case fees and charges.

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