The India International Arbitration Centre Act, 2019

The India International Arbitration Centre Act, 2019 aims to establish the India International Arbitration Centre (IIAC) as an autonomous institution to promote institutional arbitration, make India a hub of international arbitration, and expedite the arbitration process. The Act establishes the IIAC as a corporate body, with its headquarters in New Delhi. The IIAC is mandated to provide infrastructure and facilities for the conduct of arbitrations, maintain panels of accredited arbitrators and conciliators, and promote the use of arbitration and other alternative dispute resolution mechanisms. The Act also provides for the establishment of an International Arbitration Division within the IIAC to deal with international commercial arbitrations. The IIAC is expected to bring India up to par with other leading international arbitration centres like Singapore, London, and Paris.