The MCIA Rules draw on the latest innovations in international arbitration. Features of the Rules include:

  • an accelerated timeline for low-value or simple disputes;
  • mechanisms which cater to multi-party / multi-contract scenarios;
  • availability of an emergency arbitrator to determine urgent applications for interim relief before the main arbitral tribunal is appointed;
  • a time-limit for the arbitral tribunal to render its final award; and
  • a clear costs schedule providing guidance on tribunal and administrative fees

The MCIA Rules were drafted by a committee co-chaired by Nish Shetty, Partner, Clifford Chance and Vyapak Desai, Partner, Nishith Desai and Associates which is comprised of the following eminent arbitration specialists from India and around the world:

  • Michael Pryles, former President of the SIAC Court of Arbitration (Singapore/Australia);
  • John Beechey, former President of the ICC International Court of Arbitration (London/Paris);
  • Christopher Lau, SC Chartered Arbitrator, Three Verulam Buildings (Singapore/London);
  • Nicholas Peacock, Partner, Herbert Smith Freehills (London);
  • Cyril Shroff, Managing Partner, Cyril Amarchand Mangaldas (Mumbai/Delhi);
  • Pallavi Shroff, Managing Partner, Shardul Amarchand Mangaldas (Delhi/Mumbai);
  • Shreyas Jayasimha, Managing Partner, Aarna Law (Bangalore/Delhi);
  • Promod Nair, Head of Chambers, Arista Chambers (Bangalore/Delhi);
  • Nakul Dewan, Advocate, Supreme Court of India (Delhi/Singapore);
  • Rajshekar Rao, Advocate, Supreme Court of India (Delhi);
  • Anirudh Krishnan, Founding partner, AK Law Chambers (Chennai).

The MCIA Rules have also benefitted from review and comment by other leading practitioners in India including:

  • Mr. Harish Salve, Senior Advocate, Supreme Court of India
  • Mr. Fali Nariman, Renowned Jurist
  • Justice Srikrishna, Former Judge, Supreme Court of India
  • Justice Nijjar, Former Judge, Supreme Court of India
  • Justice FI Rebello, Former Chief Justice, Allahabad High Court
  • Vikram Nankani,Senior Advocate, Bombay High Court
  • Rajiv Luthra, Managing Partner, Luthra & Luthra
  • Anand Desai, Managing Partner, DSK Legal
  • Raj Panchmatia, Partner, Khaitan & Co

The drafting committee was assisted by Matthew Brown, Senior Associate, Clifford Chance and Niyati Gandhi, Associate, Nishith Desai Associates who acted as secretaries to the committee.