The India International Arbitration Centre (IIAC) has introduced groundbreaking regulations for the conduct of arbitral proceedings. the India International Arbitration Centre (Conduct of Arbitration) Regulations, 2023 were promulgated by the India International Arbitration Centre (IIAC) in September 2023. They provide comprehensive guidelines for various aspects of arbitration proceedings, aiming to enhance efficiency and fairness.

Key Provisions:

Commencement of Proceedings: The regulations outline procedures for initiating arbitral proceedings in collaboration with the IIAC.

Arbitrator Appointment: Clear mechanisms are established for appointing arbitrators, ensuring transparency and impartiality.

Dispute Resolution Process: The regulations lay down the process for resolving disputes through arbitration, including interim, partial, or final awards1.

In essence, these regulations mark a significant step toward streamlining arbitration practices in India. 

The India International Arbitration Centre (IIAC) has been established by the India International Arbitration Centre Act, a statute promulgated by the Parliament of India. The purpose of this enactment is to create an independent and autonomous regime for institutional arbitration.