Contact FICCI
Set up in 1927, the Federation of Indian Chambers of Commerce and Industry (FICCI) is the largest and oldest apex business organization of Indian business. With a nationwide membership of over 2000 corporates and over 500 chambers of commerce and business associations, FICCI espouses the shared vision of Indian businesses and speaks directly and indirectly for over 2,50,000 business units.
Set up in 1927, the Federation of Indian Chambers of Commerce and Industry (FICCI) is the largest and oldest apex business organization of Indian business. With a nationwide membership of over 2000 corporates and over 500 chambers of commerce and business associations, FICCI espouses the shared vision of Indian businesses and speaks directly and indirectly for over 2,50,000 business units.
In order to provide arbitral services for settlement of commercial disputes of a domestic as well as international nature, FICCI, in the year 1952, established FACT (formerly known as the FICCI Tribunal of Arbitration [FTA]). FACT was set up to offer dispute resolution services primarily to FICCI members and other parties who may desire to submit their disputes to FACT. FACT, headquartered at New Delhi with offices spread all across the country and overseas, has an active panel of prominent arbitration experts on its board. Besides, it has signed international co-operation agreements with several arbitration organisations around the world for facilitating international arbitration.
FACT services and rules
The FACT mission is to resolve business disputes outside the traditional framework offered by courts of law, i.e. by various alternate dispute resolution methods, namely arbitration and conciliation, as the case may be. Owing to its unique supervision and management in both arbitration and conciliation, FACT is positioned to offer its clientele customized follow-ups and quality service in an atmosphere of security, transparency and confidentiality.
FACT provides a wide range of services for parties engaged in trade and commerce with and within the region. As an institutional arbitration centre, FACT's outlook is to provide efficient, flexible and impartial administration of dispute resolution proceedings. The services it offers include administrative and support services, such as secretarial and other professional assistance for the holding of arbitration and conciliation proceedings along with supervision of arbitration and conciliation proceedings, appointment of arbitrators, choosing the venue for the arbitration and fixation of the fees of arbitrators and conciliators. FACT maintains a Panel of arbitrators / conciliators of the highest ability and professional competence, recognised for their diverse knowledge and practical experience in their respective fields
Our Aim
- To administer international and domestic arbitration under the Rules of FACT.
- To promote public confidence in the ADR mechanism of conciliation / mediation as a process for resolving disputes and to create a culture of settlement of disputes through such mechanisms.
- To establish and maintain a comprehensive Panel of Arbitrators and Conciliators from an extensive array of distinguished and impartial persons, including retired Judges, Advocates, Chartered Accountants, Executives, Engineers, Company Secretaries, Businessmen, Foreign Nationals, Maritime Experts etc.
Timeline
2023
2022
2020
2019
2018
2017
2016
2015
2014
2013
2011
Jun
Press Release
Reforms undertaken by govt in dispute resolution to act as incentive for investors and take India-UK relations to new heights: Arjun Ram Meghwal
Jul
Feb
Press Release
Need for setting up a dedicated and specialized Arbitration Bar - Chief Justice of India
Event
International Conference on "Arbitration in the Era of Globalization" - The Third Edition
Dec
Press Release
Arbitration has achieved judicial acceptance in India: Justice Surya Kant, Judge, Supreme Court of India
May
Press Release
New Bill introduced to establish a chamber of Arbitration and Arbitration Academy : Suresh Chandra
Dec
Press Release
Chief Justice of India: Timely, cost-effective and impartial arbitration ecosystem - key to making India a global arbitration hub
Jul
Press Release
Arbitration in India will improve when attitude towards it will change - Justice B N Srikrishna
Jan
Aug
Jul
Press Release
Amendments to the Arbitration Act could boost investors' confidence in India
Jun
Press Release
World Bank partners with the Indian Council of Arbitration (ICA) for Dispute Board services in India
Dec
Press Release
Ordinance to make arbitration law more effective in the offing
Aug
Press Release
Arbitration will Boost Trade & Commerce in SAARC Region
Dec
Press Release
Need to promote institutional arbitration to place India amongst top 50 countries in the World Bank's ease of doing business ranking - Legal Affairs Secy
Press Release
Justice Sikri urges legal and judicial community to reflect on need for code of ethics for arbitration judges for speedy and cost-effective dispute resolution
Feb
Press Release
FICCI to Assist Delhi Judiciary in Mediation of Commercial Disputes
