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Arbitration
Set up in 1927, the Federation of Indian Chambers of Commerce and Industry (FICCI) is the largest and oldest apex business organization of Indian business. With a nationwide membership of over 2000 corporates and over 500 chambers of commerce and business associations, FICCI espouses the shared vision of Indian businesses and speaks directly and indirectly for over 2,50,000 business units.
In order to provide arbitral services for settlement of commercial disputes of a domestic as well as international nature, FICCI, in the year 1952, established FACT (formerly known as the FICCI Tribunal of Arbitration [FTA]). FACT was set up to offer dispute resolution services primarily to FICCI members and other parties who may desire to submit their disputes to FACT. FACT, headquartered at New Delhi with offices spread all across the country and overseas, has an active panel of prominent arbitration experts on its board. Besides, it has signed international co-operation agreements with several arbitration organisations around the world for facilitating international arbitration.
FACT services and rules
The FACT mission is to resolve business disputes outside the traditional framework offered by courts of law, i.e. by various alternate dispute resolution methods, namely arbitration and conciliation, as the case may be. Owing to its unique supervision and management in both arbitration and conciliation, FACT is positioned to offer its clientele customized follow-ups and quality service in an atmosphere of security, transparency and confidentiality.
FACT provides a wide range of services for parties engaged in trade and commerce with and within the region. As an institutional arbitration centre, FACT's outlook is to provide efficient, flexible and impartial administration of dispute resolution proceedings. The services it offers include administrative and support services, such as secretarial and other professional assistance for the holding of arbitration and conciliation proceedings along with supervision of arbitration and conciliation proceedings, appointment of arbitrators, choosing the venue for the arbitration and fixation of the fees of arbitrators and conciliators. FACT maintains a Panel of arbitrators / conciliators of the highest ability and professional competence, recognised for their diverse knowledge and practical experience in their respective fields
Our Aim
- To administer international and domestic arbitration under the Rules of FACT.
- To promote public confidence in the ADR mechanism of conciliation / mediation as a process for resolving disputes and to create a culture of settlement of disputes through such mechanisms.
- To establish and maintain a comprehensive Panel of Arbitrators and Conciliators from an extensive array of distinguished and impartial persons, including retired Judges, Advocates, Chartered Accountants, Executives, Engineers, Company Secretaries, Businessmen, Foreign Nationals, Maritime Experts etc.
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Timeline
Need to take ad-hoc arbitrators into fold of institutional arbitration: Justice Surya Kant, Judge, Supreme Court of India
Reforms undertaken by govt in dispute resolution to act as incentive for investors and take India-UK relations to new heights: Arjun Ram Meghwal
Need for setting up a dedicated and specialized Arbitration Bar - Chief Justice of India
International Conference on "Arbitration in the Era of Globalization" - The Third Edition
Arbitration has achieved judicial acceptance in India: Justice Surya Kant, Judge, Supreme Court of India
New Bill introduced to establish a chamber of Arbitration and Arbitration Academy : Suresh Chandra
Chief Justice of India: Timely, cost-effective and impartial arbitration ecosystem - key to making India a global arbitration hub
Arbitration in India will improve when attitude towards it will change - Justice B N Srikrishna
Amendments to the Arbitration Act could boost investors' confidence in India
World Bank partners with the Indian Council of Arbitration (ICA) for Dispute Board services in India
Ordinance to make arbitration law more effective in the offing
Arbitration will Boost Trade & Commerce in SAARC Region
Need to promote institutional arbitration to place India amongst top 50 countries in the World Bank's ease of doing business ranking - Legal Affairs Secy
Justice Sikri urges legal and judicial community to reflect on need for code of ethics for arbitration judges for speedy and cost-effective dispute resolution
FICCI to Assist Delhi Judiciary in Mediation of Commercial Disputes
Jul, 2022
Feb, 2020
International Conference on "Arbitration in the Era of Globalization" - The Third Edition
Feb 08, 2020 New DelhiDec, 2017
International conference: Arbitration in the Era of Globalisation
Dec 09, 2017 FICCI, New DelhiJan, 2017
Aug, 2016
International Arbitration in BRICS: Challenges, Opportunities and Road ahead
Aug 27, 2016 New DelhiJun, 2016
Dec, 2015
International Conference on 'Arbitration in the Era of Globalization '
Dec 11 - Dec 12, 2015 New DelhiDec, 2013
Feb, 2011
Seminar On ''Resolving Disputes through Mediation a Win- Win Approach for Business''
Feb 19, 2011 Federation House, Tansen Marg, New DelhiFewer judges increasing pendency, hope for movement by govt to clear names: CJI
Arbitration best-suited dispute resolution mechanism for commercial world, says CJI
Institutions with focus on rule of law needed to build trust in globalisation, says CJI Ramana
Institutions with focus on rule of law needed to build trust in globalisation, says CJI Ramana
Time is ripe for legislation containing compulsory 'pre-litigation mediation': CJI
CJI Dipak Misra bats for timely and cost-effective institutional arbitration
Need to take ad-hoc arbitrators into fold of institutional arbitration: Justice Surya Kant, Judge, Supreme Court of India
Detail PageReforms undertaken by govt in dispute resolution to act as incentive for investors and take India-UK relations to new heights: Arjun Ram Meghwal
Detail PageNeed for setting up a dedicated and specialized Arbitration Bar - Chief Justice of India
Detail PageArbitration has achieved judicial acceptance in India: Justice Surya Kant, Judge, Supreme Court of India
Detail PageNew Bill introduced to establish a chamber of Arbitration and Arbitration Academy : Suresh Chandra
Detail PageChief Justice of India: Timely, cost-effective and impartial arbitration ecosystem - key to making India a global arbitration hub
Detail PageArbitration in India will improve when attitude towards it will change - Justice B N Srikrishna
Download PDFAmendments to the Arbitration Act could boost investors' confidence in India
Download PDFWorld Bank partners with the Indian Council of Arbitration (ICA) for Dispute Board services in India
Download PDFOrdinance to make arbitration law more effective in the offing
Download PDFArbitration will Boost Trade & Commerce in SAARC Region
Download PDFNeed to promote institutional arbitration to place India amongst top 50 countries in the World Bank's ease of doing business ranking - Legal Affairs Secy
Download PDFJustice Sikri urges legal and judicial community to reflect on need for code of ethics for arbitration judges for speedy and cost-effective dispute resolution
Download PDFFICCI to Assist Delhi Judiciary in Mediation of Commercial Disputes
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