[vc_row][vc_column][vc_tta_accordion][vc_tta_section title=”Is SAIAC government Institution?” tab_id=”1628169088928-d99919fa-4152″][vc_column_text]SAIAC is a neutral, private entity.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Does SAIAC provide legal advice in my arbitration matters?” tab_id=”1628169088928-f643121d-4399″][vc_column_text]No. SAIAC is an independent arbitral institution which administers arbitration proceedings. It does not provide legal advice.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Who can apply for resolution of dispute before SAIAC?” tab_id=”1628169276752-609b6da9-82ac”][vc_column_text]Any person/entity can submit a dispute to SAIAC arbitration pursuant to an arbitration agreement which refers disputes to SAIAC arbitration, or if the parties subsequently agree to arbitration under the SAIAC Rules.[/vc_column_text][/vc_tta_section][vc_tta_section title=”What type of disputes can be referred to SAIAC?” tab_id=”1628169282399-ce431c2f-42df”][vc_column_text]SAIAC derives its jurisdiction to administer arbitrations from the arbitration agreement contained in a contractual arrangement between the parties. Any commercial dispute may be resolved through SAIAC.[/vc_column_text][/vc_tta_section][vc_tta_section title=”What is the standard clause that enables a party to submit the dipsute to SAIAC?” tab_id=”1628169284347-3eccd186-3cb3″][vc_column_text]You can add following clause in your agreements.
Any dispute arising out of or in connection with this contract, including any question regarding its existence, validity or termination, shall be referred to and finally resolved by arbitration by a sole arbitrator appointed by South Asian International Arbitration Centre (SAIAC). The seat/venue/place of arbitration shall be _____________. The language of the arbitration shall be English.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Are proceedings before SAIAC confidential?” tab_id=”1628169286740-1e8350da-f105″][vc_column_text]Yes. All arbitration proceedings conducted under the SAIAC Rules are confidential. Parties and the tribunal are required to treat all matters relating to the proceedings and the award as confidential.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Can parties nominate their arbitrators?” tab_id=”1628169291600-7782ed99-d05f”][vc_column_text]Yes, parties can nominate their arbitrators subject to the terms of the arbitration clause.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Does SAIAC appoint arbitrator on Ad-hoc basis?” tab_id=”1628169295172-4af6ff34-0c08″][vc_column_text]Yes, SAIAC appoints arbitrators on Ad-hoc basis subject to the payment of appointment fee.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Is there a filing fee?” tab_id=”1628169297225-c6d1d3c7-a6ce”][vc_column_text]Yes.[/vc_column_text][/vc_tta_section][/vc_tta_accordion][/vc_column][/vc_row]