Section 2 of IIAC : Section 2: Definitions

Explanation using Example

Imagine a scenario where two international businesses, 'A' from India and 'B' from Germany, have a dispute regarding a breach of contract. They have previously agreed to settle any disputes through arbitration at the India International Arbitration Centre (IIAC). Upon the dispute arising, they refer to the India International Arbitration Centre Act, 2019, to understand the structure and functions of the IIAC.

They learn that the "Centre" is the official body where their arbitration will take place. The "Chairperson" of the Centre is responsible for overseeing the arbitration process. They are also informed that the "Chief Executive Officer" will manage the day-to-day operations of the Centre and that their case might be ...

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