Question

Write short notes Indian Council of Arbitration (ICA), New Delhi.

Answer 1

The Indian Council of Arbitration (ICA)

• The Indian Council of Arbitration (ICA) was set up, pursuant to a recommendation of the Indian Ministry of Commerce, in 1965, under the Societies Registration Act, 1860.
• It is founded and sponsored among others by the Government of India and the Federation of Indian Chambers of Commerce and Industry.
• Many other public and private sector undertakings interested in commercial and arbitration matters are members of the Council.
• ICA is a non-profit service organisation for promotion of the use of commercial arbitration and the smooth flow of trade.

• Provides arbitration facilities for all types of domestic and international commercial disputes -

1. Uses its good offices for conciliation of international trade complaints, non-performance of contracts.

• non-compliance with arbitration awards - Organises arbitration conferences and training programmes in different parts of India - Conducts research and publishes arbitration literature, including a quarterly Arbitration Journal
• - Provides information and advice to all interested parties on drafting of trade contracts and arbitration laws and on establishing dispute settlement procedures and facilities - Maintains cooperative links with arbitration bodies throughout the world

Services

• he ICA's services are available to all parties, irrespective of their membership in the Council.
• The facilities include court and conference rooms, ranging from 12 to 175 persons capacity.