Indian Council of Arbitration (ICA) - National Arbitration Institution - World Arbitration Reporter (WAR) - 2nd Edition
Originally from World Arbitration Reporter (WAR) - 2nd Edition
I. BASIC INFORMATION
A. History and Background of the Institution
The Indian Council of Arbitration, India’s premier arbitral institution, is a registered society under the Societies Registration Act, 1860, operating on a not-for-profit basis with its head office in New Delhi and ten branches in a pan-India network.
The ICA was established in 1965 as a specialized arbitral body at the national level under the initiatives of the Government of India and apex business organizations such as FICCI, etc. However, subsequently, the ICA attained an autonomous status and became an independent body. The main objective of ICA is to promote amicable, quick and inexpensive settlement of commercial disputes by means of arbitration, conciliation, regardless of location.
Today, ICA is not only the leading arbitral institution in India, it is one of the most important arbitration centers in the Asia Pacific, handling more than 200 domestic and international arbitration cases each year. It also provides the commercial world with unrivalled and time-tested Maritime Arbitration services and imparts education and training in alternative dispute resolution mechanisms. Coupled with our quality case administration and panel of arbitrators, ICA is the one resource for all dispute resolution needs.
What we do in a nutshell
The core function of ICA is the administration of arbitration proceedings. The ICA has its own set of procedural rules which govern the conduct of the entire arbitration proceedings, from its commencement to its termination. In addition, ICA is tasked with the mission of promoting and building capacity in the area of ADR (Alternative Dispute Resolution). In its continuous effort in capacity building and disseminating information on ADR, the ICA organizes various courses and forums on the different avenues of ADR.