India International Arbitration Centre (Conduct Of Arbitration) Regulations, 2023: An Overview

Institutional Arbitration in India: Brief Overview

The growth of arbitration as a dispute resolution mechanism has been exponential in the recent times. It is one of the most preferred choice of dispute resolution, especially when parties are in a long and continuing relationship such as in infrastructure contracts, supply contracts, shareholder agreements, investment contracts etc. However, the growth of institutional arbitration has been far from equal in the Indian regime. Ad-hoc arbitrations are still the preferable mode of arbitration, despite its shortcomings such as delayed proceedings, unprofessional arbitrators, poor quality of awards etc. On the other hand, institutional arbitration, which enables parties to submit their disputes to an institution has various advantages such as pre-established rules, efficient administration, qualified arbitrators and established format.