New regulations unveiled on 31 August 2023 provide guidance on arbitrations at the India International Arbitration Centre. The Centre is a statutory body established through the India International Arbitration Centre Act, 2019 with the purpose of creating an independent and autonomous centre for institutional arbitration.
The regulations provide for procedures which are aimed at achieving fast, fair and efficient conduct of arbitration. Apart from the standard procedures in arbitration, some of the notable features of the regulations are consolidation of arbitration, fast track procedures and emergency arbitration. Aarna Law took a closer look.