With the distinction of being the first ever High Court annexed Institutional Arbitration Centre; DIAC has made significant contribution to the growth of Arbitration by acting as an effective catalyst to the dispute resolution mechanism. DIAC provides state-of-the-art infrastructure, pre-established rules/procedures, organized structure, equitable fees and outstanding administrative as well as secretarial support for the conduct of Arbitration. DIAC is overseen by the Arbitration Committee and day-to-day functioning and general administration of the Centre are managed by the Coordinator and Additional Coordinators.
In order to meet the ever increasing demand for alternate modes of resolution, DIAC has extended its working hours. DIAC is now open on all days from 10 AM to 8 PM, including Second Saturdays and Sundays (except National Holidays/Gazetted Holidays).
DIAC Secretariat:
The Secretariat carries out the day to day functioning and general administration of the Centre. The secretariat is managed by the co-ordinator and additional co-ordinators. The co-ordinators are assisted by Deputy counsels.
Infrastructure:
Located in the Delhi High Court premises, DIAC provides a centrally located and easily accessible venue for the disputants, arbitrators and lawyers. DIAC offers a highly developed state-of-the-art infrastructure including 9 fully equipped hearing rooms with projectors, consultation rooms, and also facility for video conferencing. All rooms have dedicated stenographers and support staff to ensure proper conducting of Arbitral Proceedings and smooth functioning of the Centre. In order to provide better legal research faciliites, DIAC has recently upgraded its library to provide latest publications and access to domestic and international research portals including Westlaw, Manupatra and SCC OnLine.
DIAC Rules:
DIAC understands the need for consistent growth and has accordingly framed its Rules. The procedure for conduct of proceedings, internal management and applicable fee are regulated by DIAC’s own set of rules which are amended regularly to keep up the pace with dynamic Indian Arbitration sphere.
DIAC set of Rules, i.e Delhi International Arbitration Centre (Arbitration Proceedings) Rules, 2018, Delhi International Arbitration Centre (Internal management) Rules, 2012 [as amended] and Delhi International Arbitration Centre (Administrative Costs and Arbitrators’ Fees) Rules, 2018 came into force from 1st July, 2018. In the new set of Rules, a revised Fee Schedule for Domestic as well as International Commercial Arbitration has been adopted to suit the International parameters and make the Arbitration process more equitable and cost effective. A provision has been added wherein any party may challenge the Arbitrator on the grounds and as per the procedure laid down in Rule 10. Fast track Procedure to conclude the Arbitration Proceedings within 6 Months has also been incorporated in Rule 13.
(click here for latest amendments in DIAC Rules)
Panel of Arbitrators:
DIAC maintains a comprehensive panel of experienced Arbitrators comprising of eminent legal luminaries including Former Chief Justices of India, Former Supreme Court Judges, Former High Court Chief Justices and Judges, International Arbitrators, Former District and Session Judges, Senior Advocates, Advocates, Engineers, Architects, Chartered Accountants, Former Bureaucrats and other experts from various fields.