About AICADR
The 15th Law Commission, Government of India in its 246th Report emphasized on culture of institutional arbitration in India and recommended chambers of commerce to set up new arbitration centers with rules/ latest provisions. The AICADR has been formed as an exclusive International Council of the Associated Chambers of Commerce & Industry of India (ASSOCHAM), providing Arbitration, Conciliation, Mediation and other related services to the corporate and industry.
The ADR Rules are based on UNCITRAL model, drawn up after series of meetings and deliberations with the Hon’ble Judges of Supreme Court, High Court, leading practitioners, senior bureaucrats, industrial representatives and authorities from Secretariat of United Nations Commission on International Trade Law and International Commercial Arbitration.
Aims & Objectives:
Propagation of ADR
Stakeholder’s capacity building
Research and coordination with national & international institutions engaged in ADR.
Speedy, transparent and cost-effective resolution of commercial disputes
Message from the Chairman
With India aiming at $10 trillion economy by 2035, the mechanism under ADR is an effective remedy for all domestic/ global contracts for disputes resolutions through Arbitration, Conciliation and Mediation rules.
AICADR is an exclusive arm under the aegis of ASSOCHAM, providing dispute resolution under as per legal frameworks and best practices available worldwide. The provisions and rules of law are based on UNCITRAL Model law and other effective arbitration codes along with global best practices.
The council aims to bring a fair & trustworthy, faster and cost-effective ADR mechanism while catering to the needs of domestic and global dispute resolutions.
Dr. Niranjan Hiranandani
Services
Arbitration
Arbitration is a tool to initiate a procedure in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.
AICADR aims to provide administrative support in ADR mechanisms involving various combinations of parties from different states, State entities, international organizations, private parties etc,. The procedure and proceedings under AICADR are governed by the Arbitration and Conciliation Act, 1996 and amendments therein from time to time. With an intent to re-inforce the Act, AICADR based on the Act and best practices from the industry has curated “Rules of Domestic Commercial Arbitration and conciliation of the Associated Chambers of Commerce and Industry of India, 2022”. The Council is established on following pillars:
Transparency
Confidentiality
Speedy resolution
Institutional Arbitration
By definition, under the institutional arbitration, the arbitration is administered by an institution that is agreed upon by the parties and conducted in accordance with that institution’s arbitration rules. AICADR playing the role of institutional arbitration service provider, envisages to support its members in following ways:
Appointing arbitrator/s from its pool of arbitrators.
Setting and administering the financial arrangements for the arbitration.
Assisting the tribunal to deal with any issues that arise relating to the conduct of the arbitration.
Ad-hoc Arbitration
An ad hoc arbitration is that which is not administered by any institution and hence, the parties are required to determine all aspects of the arbitration such as the procedure for conducting the arbitration number of arbitrators, manner of their appointment, etc.
While the parties make their own decision in the conduct of the arbitration, AICADR proposes to allow the parties to select arbitrators/subject experts including other administrative services from the pool of arbitrators on the AICADR panel for a very nominal fee.
In a mediation procedure, a neutral intermediary, the mediator, helps the parties to reach a mutually satisfactory settlement of their dispute. Any settlement is recorded in an enforceable contract.
Under the mediation by AICADR, parties may enter into an agreement to refer disputes to AICADR for institutionalized professional mediation. The proceedings under the mediation are :
Non-binding
Confidential
Impartial
The mediation proceedings under AICADR are governed by “Mediation Rules of the Associated Chambers of Commerce and Industry of India, 2022”.
Mediation
Conciliation
Conciliation is an alternative dispute resolution tool. Like mediation, conciliation is a voluntary, flexible, confidential, and interest-based process. The parties seek to reach an amicable dispute settlement with the assistance of the conciliator, who acts as a neutral third party.
AICADR provides conciliation services that:
Ensures party autonomy
Cost efficient
Subject expert conciliator
Confidentiality
The conciliation proceedings under AICADR are governed by the Arbitration and Conciliation Act, 1996 and amendments therein from time to time. With an intent to re-inforce the Act, AICADR based on the Act and best practices from the industry has curated “Rules of Domestic Commercial Arbitration and conciliation of the Associated Chambers of Commerce and Industry of India, 2022”.
The Council with an aim to impart knowledge and build capacity in the stakeholders including arbitrators and mediators regularly curates capacity building programs. The sessions are addressed by experts from across the world covering latest developments and contemporary themes. In addition, The Council will have active engagement in curating platforms for dialogues and deliberation for discussing thoughts and experiences of stakeholders and members.
Capacity Building Programs
Events
Upcoming Event
Past Events
