{"id":288739,"date":"2023-04-07T14:00:33","date_gmt":"2023-04-07T08:30:33","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=288739"},"modified":"2023-04-07T11:05:44","modified_gmt":"2023-04-07T05:35:44","slug":"india-international-arbitration-centre-notified-india-international-arbitration-centre-criteria-for-admission-to-panel-of-arbitrators-regulations-legal-update-legal-research-legal-news","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/04\/07\/india-international-arbitration-centre-notified-india-international-arbitration-centre-criteria-for-admission-to-panel-of-arbitrators-regulations-legal-update-legal-research-legal-news\/","title":{"rendered":"IIAC notifies International Arbitration Centre (Criteria for Admission to the panel of arbitrators) Regulations, 2023"},"content":{"rendered":"<p><script type=\"text\/javascript\">\n\u00a0\u00a0\u00a0 document.title = 'IIAC (Criteria for Admission to the panel of arbitrators) Regulations, 2023 | SCC Blog'\n\u00a0\u00a0\u00a0 document.querySelector('meta[name=\"description\"]').setAttribute(\"content\", \"IIAC notified International Arbitration Centre (Criteria for Admission to the panel of arbitrators) Regulations, 2023.\");\n<\/script><\/p>\n<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">On 31-3-2023, the India International Arbitration Centre (&#8216;Centre&#8217;) notified the India International Arbitration Centre (Criteria for Admission to the panel of arbitrators) Regulations, 2023. The provisions came into force on 31-3-2023.<\/p>\n<p><b>Key Points:<\/b><\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">1. <b>Chamber of Arbitration<\/b> (&#8216;CoA&#8217;) will consist of experienced arbitration practitioners of repute, at national and international level, and people having wide experience in the area of Alternative Dispute Resolution (&#8216;ADR&#8217;).<\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">2. <b>Panel of Arbitrators:<\/b> The CoA will empanel arbitrators who are willing to serve as arbitrators subject to their expertise and experience in domestic \/ international arbitration. The CoA can add new names or remove names of existing arbitrators in the Panel.<\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">3. Criteria for empanelment of arbitrator:<\/p>\n<p style=\"margin-left: 54pt; text-indent: -18pt;\">&#8226; Applicants should not be less than 35 years and not more than 75 years of age.<\/p>\n<p style=\"margin-left: 54pt; text-indent: -18pt;\">&#8226; The qualification and experience of the applicant should be largely relevant to the applicant&#8217;s field of expertise or of conduct of arbitration proceedings either as a sole arbitrator or as a member of any Arbitral Tribunal, within the last five years or otherwise related to the field of arbitration.<\/p>\n<p style=\"margin-left: 54pt; text-indent: -18pt;\">&#8226; Applicant will have to furnish a statement that he has not been found guilty by any Court for criminal offence\/ misconduct nor any disciplinary proceedings or departmental proceeding is pending against him.<\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">4. The maximum <b>Period of Empanelment<\/b> will be 5 years.<\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">5. Tenure of the members of the CoA:<\/p>\n<p style=\"margin-left: 54pt; text-indent: -18pt;\">&#8226; 2 years and will be eligible for reappointment<\/p>\n<p style=\"margin-left: 54pt; text-indent: -18pt;\">&#8226; Membership can be relinquished after giving 1 month notice to the Centre<\/p>\n<p style=\"margin-left: 36pt; text-indent: -18pt;\">6. A Form for use of the Centre containing the arbitrator&#8217;s experience and the basic personal details will be put on the Centre&#8217;s website (<a href=\"http:\/\/www.indiaiac.org\/\">Home | IIAC (indiaiac.org)<\/a>).<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On 31-3-2023, the India International Arbitration Centre (&#8216;Centre&#8217;) notified the India International Arbitration Centre (Criteria for Admission to the panel of arbitrators) <\/p>\n","protected":false},"author":67515,"featured_media":288769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[3226,17711,56589,34123,56590],"class_list":["post-288739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations","tag-arbitration","tag-arbitrator","tag-chamber-of-arbitration","tag-empanelment","tag-panel"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IIAC notifies International Arbitration Centre (Criteria for Admission to the panel of arbitrators) Regulations, 2023 | SCC Times<\/title>\n<meta name=\"description\" content=\"On 31-3-2023, the India International Arbitration Centre (\u2018Centre\u2019) notified the India 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