ICA Conference Reaffirms Arbitration’s Central Role in Cross-Border Dispute Resolution Across the India-UK Economic Corridor

Ministry of Law and Justice ICA Conference Reaffirms Arbitration’s Central Role in Cross-Border Dispute Resolution Across the India- UK Economic Corridor Posted On: 05 JUN 2025 8:16PM by PIB Delhi rd The Indian Council of Arbitration (ICA) organized the 3 edition of its International Conference on “Arbitrating Indo-UK Commercial Disputes” during the London International Disputes Week (LIDW) 2025. The symposium laid emphasis on “Synergizing India UK Arbitration Practices” with dedicated panel discussions on “Hybrid Dispute Resolution Models in Indo-UK Commercial Conflicts” and “Bridging Dispute Resolution Mechanisms in India-UK to Enhance Trade & Investment”. In a packed hall of legal luminaries & other stakeholders, the Conference was inaugurated by Shri Justice Bhushan Ramkrishna Gavai, Chief Justice of India by delivering the inaugral address. Hon’ble CJI recapitulated the huge potential of growth in India-UK economic corridor aided by robust cross border commercial dispute resolution mechanism and said, “The very foundation of the concept of arbitration and mediation can be found in Indian traditional values, where disputes were referred to the elders of the village. As India continues to solidify its position as a major player in the world economy, the significance of arbitration institutions is becoming increasingly important in enhancing India’s standing as a hub for arbitration." Shri Arjun Ram Meghwal, Union Minister of Law & Justice, while delivering the Keynote Address highlighted that “Our Hon’ble Prime Minister Shri Narendra Modi ji at the “National Initiative towards Strengthening Arbitration and Enforcement in Conclusion India organised on 23.10.2016 have highlighted the importance of ADR. Hence, we need to simultaneously facilitate a vibrant ecosystem for alternate dispute resolution including arbitration, mediation and conciliation. This will provide additional comfort to investors and business. More importantly it will also ease the case load on Indian Courts”. Also, during the inaugural session The Rt Hon Lord Michael Briggs of Westbourne, Judge Supreme Court of the UK in his keynote address stated that, “The statutory arbitration regimes in India and the UK are similar, yet also different, in both the statutory regime is embedded in our shared fabric of the common law, which has for centuries recognized the right to a fair hearing in court. The recent signing of India-UK FTA and the enhanced cooperation in terms of arbitral frameworks, replacing the mechanism of litigation for commercial dispute resolution, holds the potential to enhance the bilateral economic relations in times that come”. Shri Vikram K. Doraiswami, High Commissioner of India to the United Kingdom, in his special address highlighted “The India-UK FTA is India’s most ambitious FTA to date. It isn’t just about the figures; it opens up government procurements on equal footing with British companies and spans a range of services and sectors to let both our countries benefit. The growth of commerce invites growth of disputes unavoidably, however eventually an efficient and effective dispute resolution is what will enhance innovation & private sector ingenuity aiding growth of commerce across the jurisdictions”. Shri N G Khaitan, President, ICA & Senior Partner, Khaitan & Co, in his welcome address highlighted, “The Indian arbitral landscape is pro-arbitration which heightens investor confidence making India a preferred destination for international commercial dispute resolution. The New India is most cost effective and with best of arbitrators and mediators to aid commercial dispute resolution. Between 2016 & 2025, India mediated 7,57,000 through mediation in Lok Adalat, highest globally. This shows the reliability and trust the institution has garnered”.Shri Arun Chawla, Director General, ICA and former DG FICCI, in his opening remarks underscored that, “The base and promise of the India-UK Free Trade Agreement (FTA) is unmistakable: to enhance bilateral trade to USD 120 billion by 2030. This ambition is supported by greater services interoperability and increased professional mobility, especially for legal professionals, which holds particular significance. Legislative reforms in both jurisdictions are working tirelessly to advance this vision.” Ms. Karishma Vora, Barrister 39 Essex Chambers, London & Member of the ICA International Advisory Committee delivered the vote of thanks emphasizing on the commonalities of dispute resolution in UK & India within the India-UK economic corridor. About the Indian Council of Arbitration (ICA): ICA is one of the oldest arbitral institution in India, established in 1965 with prominent co-founders Government of India & FICCI (India’s apex & largest chamber for commerce and industry) among others. We have been a trailblazer in institutional arbitration with highest adjudication rate of arbitration matters in India. Annually, the ICA adjudicates claims exceeding INR 4000 crores (approximately USD 470 million), highlighting its significant role in dispute resolution. In addition to its role in spearheading institutional arbitration in India, ICA also has role in propagating and popularizing idea of ADR mechanisms, of disseminating information and educational material concerning arbitration processes and law. *** Samrat/Allen (Release ID: 2134351)