Chartered Insolvency Arbitration Professional

Chartered Insolvency Arbitration Professional (CHIAP2) 

A Professional Specialized Skill Training Program by Indian Arbitration Institution (IAI)

• Eligibility: Any Basic Qualification or any Formal Education with Post Graduate Diploma or Masters along with any prior work experience.

• Total Fees: Rs. 10,000/-
  (Everything Included from Admission, Course Fees and Delivery of Certificate, no additional Fees Apart from it)

• Mode: Online

• Study Material:  Will be provided through Learning Dashboard/Portal

• Learning Type: Self Paced

• Duration:  3 Months (Preferably, but can be completed anytime as soon as you give the Exam)

• Enrollment:  Any Time, there is no Fixed Enrolment Date or Day. A candidate can choose any time and the enrolment will be processed real time.

• Exam: One Online Exam, MCQ and Subjective Type Questions of 100 Marks. Passing Marks 40%. If unsuccessful, you can give additional two attempts.

• Procedure: Fill the Apply Now Form →  Pay the Requisite Amount of Fees by Clicking Pay Now Button → Then Click on Payment Confirmation button and fill the form with all the Details → Then login to the Dashboard.

Course Overview

The convergence of corporate restructuring, distressed asset management, and alternative dispute resolution represents one of the most critical frontiers in modern commercial law. Modern corporate insolvencies frequently intersect with complex contractual claims, joint-venture deadlocks, infrastructure disputes, and debt workouts that involve preexisting or parallel arbitration clauses. Navigating this delicate boundary between collective insolvency regimes and bilateral arbitration agreements demands specialized interdisciplinary mastery. The Chartered Insolvency Arbitration Professional (CHIAP2), established by the Indian Arbitration Institution (IAI), is an advanced professional certification designed to equip practitioners with deep strategic and procedural expertise at this intricate crossroads.

This program provides an in-depth investigation into the systemic tensions between the statutory objectives of insolvency frameworks and the contractual autonomy underpinning commercial arbitration. Participants analyze the immediate operational effects of corporate insolvency commencement, tracing how formal statutory stays, moratoria, and debt resolution mechanisms affect ongoing domestic and international arbitral proceedings. The curriculum explores the boundaries of arbitrability in distressed scenarios, distinguishing in rem insolvency adjudications reserved for specialized tribunals from in personam contractual breaches that remain arbitrable.

Through practical problem sets and institutional protocols, candidates examine the procedural obligations of Resolution Professionals, Liquidators, and Trustees. Learners discover how to evaluate contingent arbitral claims, maintain claims registers, obtain tribunal permissions, and execute settlement negotiations under judicial supervision. Furthermore, the course addresses international corporate failure through the lens of cross-border insolvency models, covering the UNCITRAL Model Law on Cross-Border Insolvency and cross-border protocol drafting for multinational restructuring.

Structured for senior practitioners, corporate advisors, and financial specialists, CHIAP2 delivers rigorous technical acumen directly applicable to high-stakes insolvency mandates. By synthesizing statutory restructuring laws, arbitral rules, and commercial resolution mechanics, the IAI ensures graduates can safeguard creditor value, resolve deadlocked claims, and represent restructuring interests with professional authority.

Course Structure and Modules

The tentative modules are as follows and are subject to continuous updates based on guidelines issued by the IAI Board of Skill Studies:

Module 1: Foundations of Corporate Insolvency & Dispute Resolution Interfaces

• Principles of insolvency systems, creditor hierarchies, and distressed asset workouts.

• The interplay between collective statutory remedies and private contractual arbitration.

• Public policy considerations and the doctrine of arbitrability in distressed commercial matters.

Module 2: Moratorium Mechanisms and Their Effect on Arbitral Proceedings

• Statutory stay provisions and their direct impact on ongoing arbitral references.

• Distinction between pursuing claims against the corporate debtor vs. recovery actions by the debtor.

• Enforcement of emergency arbitrator orders and interim reliefs during restructuring.

Module 3: Powers and Functions of Insolvency Professionals in Arbitration

• Roles of Resolution Professionals, Liquidators, and Trustees in managing arbitral disputes.

• Verification, admission, and adjudication of pending and contingent arbitral claims.

• Securing approval from Committees of Creditors (CoC) to initiate, defend, or compromise arbitral claims.

Module 4: Drafting Distressed Arbitration Clauses and Multiparty Protocols

• Drafting resilient dispute resolution clauses for restructuring agreements, resolution plans, and loan workouts.

• Joining third parties, guarantors, holding companies, and operational creditors to composite arbitrations.

• Managing multi-tiered dispute clauses amid impending corporate insolvency filings.

Module 5: Evidence, Valuation of Claims, and Forensic Accounting in Disputes

• Quantification and forensic substantiation of distressed contract claims, delay damages, and lost profits.

• Interfacing with financial experts, forensic accountants, and statutory registered valuers.

• Document production, electronic discovery, and evidentiary thresholds before arbitral tribunals.

Module 6: Cross-Border Insolvency and International Arbitral Jurisdictions

• The UNCITRAL Model Law on Cross-Border Insolvency and international judicial cooperation.

• Parallel arbitral proceedings across multiple international jurisdictions and foreign main proceedings.

• Conflict of laws: choice of law, lex arbitri, and cross-border debt resolution priorities.

Module 7: Treatment of Arbitral Awards in Resolution Plans and Liquidation

• Status of pre-moratorium and post-moratorium arbitral awards in the distribution waterfall.

• Extinguishment of claims, "clean slate" doctrines, and the survival of foreign arbitral awards.

• Appeals, set-aside actions, and challenges to arbitral awards involving insolvent corporate entities.

Module 8: Professional Ethics, Fiduciary Standards, and Institutional Governance

• Conflicts of interest, disclosure standards, and the independence of arbitrators in distressed contexts.

• Fiduciary liability of restructuring professionals during compromise and settlement agreements.

• Best practice standards for mediation-arbitration hybrids in financial debt restructuring.

Importance of Doing this Course

The rapid emergence of modern insolvency codes globally has transformed business reorganizations. However, resolving corporate distress rarely occurs without disputed underlying contracts, unfinished EPC projects, or contested commercial debts. Practitioners operating in either insolvency or arbitration in isolation regularly encounter jurisdictional conflicts that delay proceedings and diminish asset recovery. The Chartered Insolvency Arbitration Professional (CHIAP2) certification bridges this critical capability gap.

First, this credential offers strategic mastery over claim viability. Insolvency professionals and restructuring advisors must evaluate whether to settle, pursue, or defend multimillion-dollar arbitrations tied to distressed balance sheets. This course arms practitioners with the procedural tools required to avoid costly jurisdictional dismissals, respect statutory moratoria, and formulate enforceable settlements aligned with creditor mandates.

Second, the curriculum provides an indispensable competitive advantage for senior dispute practitioners and transactional counsel. Corporate boards, financial institutions, and turnaround funds actively look for advisors who understand the operational fallout of a corporate insolvency on foreign or domestic awards. Understanding whether an award will be recognized as an operational debt, a financial claim, or an extinguished contingent liability directly dictates negotiation leverage during resolution planning.

Third, the CHIAP2 designation serves as a formal validation of advanced technical proficiency. Awarded by the Indian Arbitration Institution, it communicates that the professional holds specialized expertise in commercial dispute management under conditions of systemic financial stress. This qualification positions professionals to manage complex debt portfolios, minimize restructuring delays, and lead multi-jurisdictional insolvency interventions.

Career Prospects

The multidisciplinary nature of the CHIAP2 program prepares credentialed professionals for senior, specialized advisory and decision-making roles across corporate restructuring ecosystems and dispute resolution panels.

Insolvency Dispute Strategists and Legal Counsel: Law firms and independent litigation practices require senior attorneys who can guide clients through arbitral proceedings against or on behalf of companies undergoing formal insolvency. Graduates lead advocacy strategies in tribunals, defending debt claims and petitioning courts to preserve the economic viability of pending awards.

Advisors to Resolution Professionals and Creditor Committees: Committees of Creditors (CoCs) and Insolvency Professionals regularly retain specialized dispute consultants to evaluate whether ongoing arbitrations represent net assets or contingent risks. CHIAP2 holders guide the handling of these arbitral disputes, drafting compromise agreements and aligning arbitral outcomes with overall resolution plans.

In-House Corporate Counsel in Banking and Distressed Funds: Asset Reconstruction Companies (ARCs), private debt funds, stressed-asset investors, and non-banking financial institutions rely on specialized counsel to assess legal exposure in non-performing asset (NPA) portfolios. Professionals with this qualification lead debt-recovery arbitrations, monitor insolvency filings, and ensure contractual security interests remain intact.

Arbitrators and Commercial Mediators for Stressed Sectors: Senior professionals with prior executive or legal backgrounds can position themselves for appointment as specialized arbitrators or mediators in commercial disagreements where one or more parties face financial hardship. Their foundational fluency in restructuring frameworks ensures procedural integrity and sound, enforceable awards.

Necessary Details

The Indian Arbitration Institution offers this executive-level charter through an accessible, robust digital framework tailored specifically for experienced professionals and postgraduate learners.

Eligibility To maintain executive-level academic and analytical standards, enrollment requires:

• Any Basic Qualification or any Formal Education with a Post Graduate Diploma or Master's degree, along with any prior work experience.

This criterion accommodates chartered accountants, company secretaries, cost accountants, legal practitioners, corporate executives, banking professionals, and consultants seeking specialized credentials in corporate dispute mechanics.

Total Fees The all-inclusive program fee is Rs. 10,000/-. The IAI maintains an upfront fee policy with no hidden costs or subsequent evaluation charges. This comprehensive fee covers registration, full portal and study material access, digital examination fees, and the physical printing and courier delivery of the final Chartered Certificate upon successful completion.

Mode and Study Material The program is conducted completely Online. Following registration confirmation, candidates receive direct access credentials to the dedicated Learning Dashboard/Portal. Complete Study Material—including advanced reference texts, case analyses, procedural flowcharts, statutory comparative matrices, and reading modules—is accessible directly from the student dashboard.

Learning Type and Duration The qualification is structured as a Self-Paced learning module. While the program operates with a recommended duration of 3 Months, candidates are not constrained by fixed schedules; individuals can complete their coursework and appear for the online evaluation as soon as they are fully prepared.

Enrollment Enrollment remains open Any Time throughout the year. There are no fixed calendar intakes, admissions deadlines, or batch cutoffs. Registrations are verified in real time, granting candidates immediate entry into the digital learning infrastructure.

Examination Structure Certification is awarded upon the successful completion of One Online Exam comprising Multiple Choice Questions (MCQs) and Subjective Questions for a total of 100 Marks.

• Passing Marks: 40%

• Re-examination Policy: Candidates who do not secure the qualifying percentage on their initial attempt are entitled to two additional attempts without incurring any extra fee.

Application Procedure

1. Apply: Complete and submit the Apply Now Form on the IAI web portal.

2. Pay: Pay the requisite fee of Rs. 10,000/- via the integrated Pay Now gateway.

3. Confirm: Click the Payment Confirmation button and fill in the verification form with the transaction details.

4. Access: Log into the Learning Dashboard to start reviewing the modules immediately.