In Ad Hoc Arbitration the arbitrators can be chosen by mutual agreement, but when parties already have a dispute this agreement is not so easy. Therefore they often ask a third party to appoint the arbitrators (= institutional arbitration).
The Institute of Arbitration is often asked to:
- appoint an arbitrator in an Ad Hoc arbitration
- manage the complete procedure by the Standard Rules Dispute
- provide logistic support to disciplinary chambers or arbitration committees and their arbitrators
In 'Ad Hoc' arbitration, the arbitrator determines his own fees. This can lead to abuse and contribute to a misperception of arbitration.
In institutional arbitration the arbitrator is a volunteer or has formally agreed to limit his fees according to the standard tariffs.
List of arbitrators
Each party is convinced that his case is unique and requires a highly specialized arbitrator, it's normal.
We operate as headhunters. The internal list of arbitrators is therefore not published.
The added value and strength of an arbitration institute is precisely to search for and to appoint each time the most appropriate arbitrator(s) depending on the unique characteristics of each case. This careful selection is based on arbitrator's:
- knowledge and experience
- ability to synthesize and draft a legally solid award
- language skills
Parties who choose to appoint arbitrators themselves may do this in full freedom, without the Institute of Arbitration imposes a list.
application form missions
Court of Arbitration
The Court of Arbitration is composed of arbitrators designated by the parties (Ad Hoc) or by the arbitration committee(Institutional), ONE arbitrator is in the 1st instance and THREE on appeal. All mediators, experts and arbitrators have signed the charter.