Annual Report-2003-2004 - Indian Council of Arbitration

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CYMK XXI. Conference on “Role of Institutional Arbitration: IPR & IT” - September 14, 2004 - Bangalore .................................................................................................... 10 XXII. Interactive Meeting with Dr. Robert Briner, Chairman, ICC International Court of Arbitration - October 18, 2004 - New Delhi....................................................................................... 11 XXIII. Conference on “Trends in International Commercial Arbitration & its relevance in India” - October 18-19, 2004 - New Delhi ......................................................................................... 11 XXIV. Meeting of the ICA Western Regional Executive Committee - October 20, 2004 - Mumbai ............. 12 XXV. Interactive Meeting on “India entering the main stream at International Arbitration and problems facing that entry” - October 20, 2004 - Mumbai ......................................................... 12 XXVI. Conference on “Is This the Time to Review Arbitration Law in India” - October 21, 2004 - Mumbai .............................................................................................. 12 XXVII. Arbitration Service Agreements ...................................................................................................... 13 XXVIII. ICA Arbitration Quarterly ................................................................................................................. 13 XXIX. Publications of the Council ............................................................................................................. 13 XXX. Arbitration Services of the Council in Settlement of Commercial Disputes - Domestic and International ............................................................................................................................. 13 XXXI. Conciliation in International Trade Complaints ................................................................................ 14 XXXII. Advisory Services of the Council..................................................................................................... 14 XXXIII. Regional Offices of the Council ....................................................................................................... 14 XXXIV. Library ............................................................................................................................................ 15 XXXV. Provident Fund of the Council ......................................................................................................... 15 XXXVI. Membership of the Council ............................................................................................................. 15 39TH ANNUAL REPORT 2003-04 CYMK
CYMK ICA ACTIVITIES The Governing Body of the Council have pleasure in will be used more often in Institutional as well as Ad-hoc presenting to the Thirty-nineth Annual General Meeting arbitration. Time has come when steps are to be taken of the Council, a report of the activities undertaken by for providing speedy and inexpensive justice to the people. the Council during the year 2003-2004, alongwith the Arbitral Institutions are required today as provider of Statement of Accounts for the year ending 31st March, Alternative Dispute Resolution (ADR) services for quicker, 2004 duly audited by the Auditors, M/s. Khanna & less costly, and consensual resolution of civil disputes Annandhanam, Chartered Accountants, New Delhi. outside the crowded court system. The ICA is doing a good job in this regard. He hoped that the coming years I) Thirty-Eighth Annual General Meeting would be years of “Conciliation, Mediation and Arbitration” The 38th Annual General Meeting of the Council was and not of “Litigation. held on January 6, 2004 at New Delhi. Apart from the Dr. L M Singhvi, M.P. in his address emphasized the members of the Council, the Annual General Meeting need to change the mindset of the arbitrators as well as was attended by Retd. Judges, Legal Professionals and the users of arbitration in respect of commercial represetatives of trade and industry. The meeting was arbitration. He felt the need to create a commercial presided over by the ICA President. In his Address, the culture of resort to arbitration instead of litigation. With President observed that with a view to expend and achieve the adoption of the UNCITRAL Model Law on Commercial the efficacy of arbitration, ICA have taken several steps, Arbitration, he felt that India can become a centre for which include: adopting a mission statement for the International Commercial Arbitration as it has enough ICA for achieving Arbitration, which is Low Cost, Efficient, human resource and physical facilities. Simple, Just, User Friendly, Trust Worthy, Equitable and Serviceable; bring out a Code of Conduct with the aim Mr. Yogendra Kr. Modi, Sr. Vice President of the Council of establishing a set of standards for the Arbitration proposed Votes of Thanks to the Chief Guest. In his Committee, Arbitrators, Parties and Counsel. It is meant address Mr. Modi emphasised that institutionalized to achieve greater self-regulation, speed and discipline; arbitration is advantageous over ad hoc arbitration as ICA has taken the lead towards introducing “Online only the supervision of arbitral institutions can Dispute Resolution”. ICA ODR should be a true successfully ensure that proper procedures are followed symbiosis of I.T. and Arbitration; ICA also plans to provide in arbitration proceedings and that finally justice is arbitral services to resolve IT related disputes. provided in a speedy, just and fair manner. The Annual General Meeting unanimously adopted Mr. Justice V N Khare, Chief Justice of India, in his the Annual Report of the Council for the year 2002-2003 Inaugural Address observed that ICA Code of Conduct and the audited accounts for the year ending would be a guide to arbitration making it a successful 31st March 2003. The results of election of President process of dispute resolution. He wished that this Code and the members of the Governing Body conducted 39TH ANNUAL REPORT 2003-04 CYMK
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CYMK 38 39TH ANNUAL REPORT 2003-04
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International Co-operation Agreemen
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CYMK ICA MISSION ‘The’ ideal fo
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Annual Report-2003-2004 - Indian Council of Arbitration

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