First ever High Court annexed Institutional Arbitration Centre in India
Established in November, 2009 DIAC holds the distinction of being the first ever High Court annexed Institutional Arbitration Centre. DIAC was conceived to be an independent, transparent and professional Institution that encourages and supports the growing demand for Institutional Arbitration. Over the period of decade, DIAC has evolved as a preferred choice for dispute resolution by the parties.
Distinguished Arbitration Committee
Hon’ble The Chief Justice of High Court of Delhi is the Patron-in-Chief of DIAC and in the exercise of his power nominates the Chairperson, Vice Chairperson and other members of the Arbitration Committee.
The Arbitration Committee of DIAC consists of:
(a) Five Judges of the Delhi High Court of whom one shall be the Chairperson and one Vice-Chairperson to be nominated by the Chief Justice of the High Court of Delhi;
(b) Additional Solicitor General attached to the Delhi High Court;
(c) President or Vice-President of the Delhi High Court Bar Association;
(d) Four Advocates to be nominated by the Chief Justice of the Delhi High Court out of whom at least two shall be designated Senior Advocate.
(e) The Coordinator (a member of Delhi Higher Judicial Services) shall be the ex-officio member of the Arbitration Committee
The Committee oversees the smooth and effective functioning of the Centre, formulates norms/guidelines for internal function of the Arbitration Committee and laying down guidelines for the Secretariat and the DIAC Counsel.
DIAC Rules facilitates speedy resolution of disputes:
DIAC has its own set of comprehensive Rules which are drafted in order to lay down a simplified procedure and ensure smooth and effective conducting of the Arbitration Proceedings. The Rules are also updated regularly. Click the following links to access the DIAC Rules:
Equitable Fee Structure and Administrative Charges
In order to make the Arbitration process more cost effective for the parties, DIAC (Administrative Costs and Arbitrators’ Fees) Rules, 2018 lays down an equitable structure of fees for domestic as well as international arbitrations. The fee structure provides for a maximum ceiling of Arbitrators Fees at Rs.30,00,000/- in cases of Domestic Arbitrations.
In case of Domestic Arbitrations, DIAC charges only Rs.5,000/- as Administrative costs for claims upto Rs.10 Lacs and Rs.10,000/- for Claims above 10 Lacs for the entire arbitral proceedings.
The newly inserted Schedule F in the DIAC Fees Rules provides that in the event of certain circumstances like recusal of arbitrator, stay or adjournment sine die or pendency before NCLT or like authorities, demise of arbitrator, settlement between the parties, termination or withdrawal of proceedings and termination of mandate of the arbitrator by efflux of time, the fee is payable to the arbitrator based upon the stage of arbitral proceeding.
A convenient venue for Domestic as well as International Arbitrations
Located in the Delhi High Court premises itself DIAC provides a centrally located and easily accessible venue for the disputants, arbitrators and lawyers. Being centrally located in Capital city of the Country, DIAC is also a convenient venue for International Arbitrations.
Panel of experienced arbitrators
DIAC offers a 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. (Click here to view the DIAC Panel of Arbitrators)