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International Commercial Arbitration - Ad Hoc versus
Institutional. Edition No. 1
VDM Publishing House, Nov 2008, Pages: 68
The book offers a comparative analysis of ad
hoc and institutional arbitration, contributing to
the existing professional literature with the aim to
assist the parties making a pertinent choice.
The advantages and disadvantages of both procedures
are presented in the different procedural phases,
unveiling the risks and difficulties that one may
encounter and offering recommendations to avoid
pitfalls and dead-ends. As different constructions
may be suitable for different situations, depending
on the particularities of each dispute and business
relationship in part, and also depending on the
parties’ priorities, this book does not offer a
recipe to suit each and every case. The general
opinion favoring institutional arbitration is mostly
supported for reasons of ease and due to the high
risks of improperly constructed ad hoc proceedings,
but the advantages of ad hoc arbitration, if
properly administered, are also recognized,
admitting the potential primacy of this alternative
for certain cases.
This book will hopefully make a useful contribution
to make a suitable choice when opting for ad hoc
or institutional arbitration.
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