Advantages of Arbitral Institutions

Parties may choose to take advantage of the established mechanisms and procedures offered by one of the many arbitral institutions. These institutions have formal procedures and rules designed to assist parties. The institution chosen may administer the arbitration according to its own rules or, in most cases, according to other rules if requested.

Examples of the Advantages of Institutional Arbitration:

Availability of pre-established
arbitration rules and procedures
Administrative assistance from institutions
with a secretariat or a court of arbitration
Appointment of arbitrators by the institution
if the parties request it
Physical facilities and support services
for arbitration proceedings
An established format that
has proven workable in prior disputes