Mumbai International Arbitration Centre | |
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Established | 2016 |
Location | Mumbai |
Secretary-General | |
Chairperson |
Mumbai International Arbitration Centre is an autonomous institution formed as system for alternate dispute resolution and act as arbitrator or mediator in case of international commercial transactions. The channel helps in enforcing the right of individuals under segment 89 of Civil Procedure Code, 1908 to exercise right for out of court settlement in case such possibility exists.
Mumbai International Arbitration Centre was started in 2016 [1] for resolving international disputes on commercial litigations except relating to tax and intellectual property can be resolved through arbitration and mediation. [2]
Mumbai International Arbitration Centre has been set up aimed with the following- [3] [4] [5]
There are 18 members as Arbitrators in Mumbai International Arbitration Centre and 9 out of them are from other countries. [2]
The rules for Mumbai Centre for International Arbitration (MCIA) lays down following procedure for arbitration process [2]
The awareness on Mumbai International Arbitration Centre as institution is less in general public and also it needs skilled people,financial support and staff are lacking. [2]