Choosing Institutional Arbitration over Ad-Hoc Method: A Critical Analysis
The international commercial arbitration system has been gaining quite some popularity in the present times. The methods of dispute resolution that it provides namely the ad-hoc and institutional arbitration systems are two most accepted methods. However, both of these comes with their own advantages and disadvantages, so a debate is sure to ignite on which one is the better method of arbitration when it comes to international commercial disputes. This paper aims to address that issue and tries to find out, which one in fact is the sensible method to choose between the two to resolve a dispute in the field of international commercial arbitration. The paper compares the advantages and disadvantages of the two methods in order to reach to a definite outcome. It also tries to identify the problems that an ad-hoc arbitration contains within its mechanisms.
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