Note: In the matters adjudicated by the Sole Arbitrator, the Ld. Tribunal will be entitled to an additional amount of 25% on the fee payable as per Rule 31(2) of ICA Rules of Domestic Arbitration. CLICK HERE to view the Rules.
Note: In the matters adjudicated by the Sole Arbitrator, the Ld. Tribunal will be entitled to an additional amount of 25% on the fee payable as per Rule 31(2) of ICA Rules of Domestic Arbitration. CLICK HERE to view the Rules.
Agriculture is an incredibly diverse sector. From contributing to the economy to reflecting the cultural heritage, agriculture plays a key role in shaping the progress of any nation. Post WTO food and agro trade has significantly grown to over $2 trillion and a large number of companies have gone global today with trade, technologies and businesses. While USA, Netherlands, Germany and Brazil occupy top positions in agro food exports, India alone is exporting agri products to more than 150 countries in the world, accounting for more than $55 billion and importing close to $25 billion.
While the rising trade of agriculture comes with its own benefits, the disputes arising within the agro trade industry can hinder its efficiency in several ways. These disputes refer to conflicts that arise in situations such as trade or business contracts or shareholders disagreements for clients involved in the agriculture industry or agro-food trade. The disputes may crop up for a variety of reasons; contract disputes, nuisance claims, produce quality, patent and IPR infringements, payments and debt recovery, among others.
Know MoreAlongside providing a specialised forum, the IAAC offers several benefits to parties seeking to resolve disputes in the agri industry. These benefits include:
In comparison to traditional litigation, IAAC offers affordable dispute resolution services that are accessible to all parties, regardless of their financial resources. By avoiding lengthy court proceedings and associated legal fees, IAAC can cost-effectively manage agricultural disputes, especially for small-scale farmers and businesses with limited resources.
Unlike the traditional lengthy court processes, IAAC is designed to provide a streamlined dispute resolution mechanism ensuring prompt settlement. IAAC’s solid commitment to an efficient mechanism not only aids parties in saving time and money but enables them to focus on core agricultural activities.
IAAC strictly upholds and promotes unbiased selection of arbitrators and mediators, conducts thorough conflict checks, acts in accordance with prescribed code and ethics and ensures procedural fairness throughout the arbitration process. The arbitrators of IAAC swear by the commitment that all parties receive a fair hearing.
Allowing a comprehensive and inclusive approach to addressing cross-border agricultural disputes, IAAC promises to resolve disputes for international parties in a neutral forum. IAAC professionals possess an understanding of cultural sensitivity, facilitating effective communication and thereby fostering a conducive environment for dispute resolution.
