INDIAN COUNCIL OF ARBITRATION (ICA)

The Indian Council of Arbitration’s 3rd International Conference during LIDW 2025 focused on Indo-UK arbitration practices. Inaugurated by Chief Justice Gavai, it emphasized robust dispute resolution to boost the India-UK economic corridor. Key speakers highlighted the India-UK FTA’s potential, aiming for USD 120 billion in trade by 2030.

Last Updated on 10th June, 2025
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Picture Courtesy: LAW 

Context:

The Indian Council of Arbitration (ICA) organized the 3rd edition of its International Conference on “Arbitrating Indo-UK Commercial Disputes” during the London International Disputes Week (LIDW) 2025.

Indian Council of Arbitration (ICA)

It is India's oldest arbitral institution. Established in 1965, it is an autonomous, non-profit body founded with the support of the Government and top business organizations like the Federation of Indian Chambers of Commerce & Industry (FICCI).

It is a registered society under the Societies Registration Act, 1860. Its Headquarters is in New Delhi.  

Its primary objective is to promote the agreeable, quick, and inexpensive settlement of commercial disputes through arbitration and other forms of Alternative Dispute Resolution (ADR).

Functions of the ICA

Manage the entire arbitration process according to its own set of procedural rules, it brings professionalism and predictability, ensuring that disputes are handled efficiently from commencement to termination.  

Build capacity and popularize the idea of ADR across India. It achieves this by:

  • Organizing national and international conferences, like the recent one in London.
  • Conducting training programs and workshops for arbitrators, lawyers, and business professionals.
  • Disseminating information and educational materials on arbitration law and practice.

Maintains a broad panel of qualified arbitrators, including retired judges, senior advocates, and domain experts from various industries, which allows parties in a dispute to select a decision-maker with the specific expertise needed to understand their complex commercial issues.

Significance 

Enhancing 'Ease of Doing Business'

Reducing the Burden on the Judiciary

Supporting International Trade and Free Trade Agreements (FTAs) Building 'Brand India' in Global Arbitration

Must Read Articles: 

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Reviving Indian Arbitration System

Source: 

PIB 

PRACTICE QUESTION

Q. What measures can India adopt to ensure accessibility and affordability of arbitration services for small and medium enterprises (SMEs). 150 words

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