This is a body within the fold of GLOBAL FORUM FOR INDUSTRIAL DEVELOPMENT (GFID) dedicated to the mission of extending institutional service for the Alternative Dispute Resolution (ADR) of commercial disputes. It administers, oversees and conducts arbitration and conciliation proceedings according to the institutional rules framed by Indian chamber of Commerce, as modified from time to time, in tune with the changing legal framework and needs of the business community.
The Arbitration Rules of GFID INDIA of Arbitration is the backbone of the secretariat acting for institutional arbitration, keeping the parties informed concerning all the steps taken in the neutral and independent administering of the cases on a day-to-day basis and providing the benefits of a quick, efficient and inexpensive mechanism for dispute settlement.
Following GFID INDIA’s MOU with the Council of State Governments, USA to launch the implementation of a comprehensive ADR initiative in India, GFID INDIA of Arbitration has planned to launch a series of ambitious initiatives directed towards improving specific aspects of arbitral services offered by GFID INDIA, and intensifying its involvement in improving imminent issues in dispute resolution.
GFIDIA is conducting both national and transnational arbitrations keeping pace with its reputation as one of the most prominent Institutional ADR service provider in India. In addition, GFIDIA also administers the cases referred under the Rules of Arbitration of the International Chamber of Commerce, Paris. It also offers advice on drafting contracts, organizes conferences, seminars, workshops to educate and prepare arbitrators and to spread awareness by conducting awareness programmes in alliance with the leading organizations of prominence.
GFIDIA Rules may please be uploaded for ready reference of the intending parties.
This Department is headed by Mr. Deepak Bhandari