Indian Chambers of Arbitration & Mediation (ICAM)
INTRODUCTION
ICAM’s mission is to empower society with the tools for productive dialogue and sustainable change by providing:
- Innovative Resolution-An innovative platform for resolving commercial disputes cost-effectively through a blend of technology, human expertise, and innovation
- Global Outlook-Arbitral rules that incorporate the latest global practices tailored to the Indian context.
- Assured Efficiency-A dedicated and experienced secretariat ensuring efficient, flexible, cost-effective, and impartial administration of arbitration proceedings.
CHIEF TRUSTEE
ORGANIZATION
ICAM GOVERNING COUNCIL
ICAM SECRETARIAT
WHY ICAM?
1.Neutral: – ICAM is a neutral, independent, chamber of arbitration that has been created and run by not-for-profit organization (CADRE- Charitable Trust) that facilitates the impartial administration of arbitration proceedings.
2.Flexible: – The Arbitration Rules of the ICAM (“ICAM Rules”) reflect the best alternate resolution process practices implemented worldwide and are flexible, simple, and adaptable to parties’ needs. It offers a hybrid platform for conducting the proceedings giving the parties a fair opportunity to put forth their case in accordance to the principles of natural justice.
3.Technology Oriented: – Well equipped interface – Just Settle, which includes automated online filing facilities, a website, case management and other features.
4.Efficacious Secretarial Services: The operations of ICAM shall be in the hands of a Secretariat that boasts of a proficient and qualified staff with vast experience in handling the secretarial work for Alternative Resolution Process(es).
5.Case Management: – To ensure adherence to the cause lists and sooth coordination for a seamless process flow each arbitrator/tribunal shall be assigned a dedicated officer from the secretariat to act as case management assistant.
6.Supervision: – The ICAM Secretariat supervises the conduct of arbitration proceedings under the ICAM Arbitration Rules. This helps to ensure adherence to procedural timelines and eases the administrative burden on the parties and arbitrators.
7.Multi-Party and Multi-contract arbitrations: – The ICAM ARbitration Rules contain specific provisions that deal with issues of multi-party and multi-contract arbitrations, which improve the efficiency and cost-effectiveness of proceedings.
8.Scrutiny of award: – The ICAM Aritration Rules provide for the scrutiny of draft awards by the Registrar before they are released to the parties. Without affecting the Arbitral Tribunal’s liberty to come to a decision, the scrutiny process helps reduce the likelihood of administrative errors in the award and makes enforcement of problems less likely.
9. Admission: – There are strict admission standards for the ICAM Panel of Arbitrators & Mediators, thus ensuring absolute neutrality and effectiveness for achieving the desired resolutions.
10. Rich heritage: – The centre’s vision and mission are completely in line with the essence of piousness & fair justice by embracing the spirit of modernisation deeply entwined with its core values in sacrosanctity.
11. Expeditious: – We prioritize timely resolution, ensuring that the dispute resolution process is concluded within a specified timeframe on Just Settle.
12. Cost-effective:- Our streamlined process saves litigants significant costs typically incurred in litigation, allowing them to allocate resources towards more economically productive pursuits.
13. Enforceable: – Arbitral awards issued through our online dispute resolution mechanism are legally enforceable as decrees by civil courts, providing assurance and legitimacy to the resolution process.
14. Paperless:- Committed to environmental sustainability, we conduct the entire arbitration and mediation process without using a single piece of paper, minimizing our ecological footprint.