Bangalore Chamber of Industry and Commerce

Bcic vission
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The first step for alternate dispute resolution is that all the agreement should contain an enabling clause alternate dispute resolution.

ARBITRATION

“In the event of breach of the terms of this Agreement or in the event of any differences or disputes arising between the parties in regard to this Agreement or any matter relating thereto, the same shall be referred for Institutional Arbitration (either through a sole Arbitrator or a panel of arbitrators, as mutually agreed by the parties) by BCIC- BIMACC CENTRE, under the BIMACC Rules of Arbitration. The award of the Arbitrator shall be final and binding on the parties hereto and Arbitration shall be as per the provisions in force of the Arbitration & Conciliation Act, 1996. The Arbitration shall be conducted in English Language and the seat of Arbitration shall be in Bangalore.”

MEDIATION

“In the event of breach of the terms of this Agreement or in the event of any differences or disputes arising between the parties in regard to this Agreement or any matter relating thereto, the same shall be referred for Private Mediation under the BCIC - BIMACC Rules by appointing a BCIC- BIMACC Approved Mediator and effort shall be made to ensure the disputes are resolved within 60 days from the date of first hearing by the Mediator, unless mutually agreed to be extended by all the parties, for such extended term. “

MEDIATION AND ARBITRATION

“In the event of breach of the terms of this Agreement or in the event of any differences or disputes arising between the parties in regard to this Agreement or any matter relating thereto, the same shall be first referred for Private Mediation under BCIC - BIMACC Rules by appointing a BCIC - BIMACC Approved Mediator and effort shall be made to ensure the disputes are resolved within 60 days from the date of first hearing by the Mediator, unless mutually agreed to be extended by all the parties, for such extended term. If no settlement is arrived at within 60 days, or within such extended time, the parties shall refer the dispute for Institutional Arbitration of BCIC - BIMACC for appointment of a sole Arbitrator by BCIC – BIMACC, under the BCIC - BIMACC Rules of Arbitration. The award of the Arbitrator shall be final and binding on the parties hereto and Arbitration shall be as per the provisions in force of the Arbitration & Conciliation Act, 1996. The Arbitration shall be conducted in English Language and the seat of Arbitration shall be in Bangalore.”