Institutional v Ad Hoc Flashcards
What is ad hoc arb?
Not administered by an insitution
ca follow insitutional rules
UNCITRAL allows for ad hoc
If no agreement on composition- must go to courts
Interim relief from courts
Usually only done in pro-ad hoc countries.
What is insitutional arb?
Arbitration cannot begin until notice is delivered to the institution
Cannot appoint arbitrators unless confirmed by the insitution
Institution issues the award
Many institutions have provisions that support ad hoc arb.
Idea of arbitration
Parties enter into arbitration willingly and enthusiastically
Where does jurisdiction come from
Agreement of parties
Whats the scope
The issue to be decided
What procedure is to be followed?
Whatever the parties agree to
How is the award to be enforced
Agreement of parties
Courts
Self help
Community pressure
Voluntary compliance
Legal status of Ad hoc
UNCITRAL Rules and NY convention make no distinction between insitutional and ad goc
Article 1: awards include that of ad hoc arb
Options for ad hoc
Appointing seat
choosing procedure to be followed
Applying mechanism
Non administering insitution for interim relief
When to not do ad hoc
Country that doesnt have tradition
When enforcing in a trouble country
When state involved
When want to follow instiution
When a party is trying to rig it
When prefer to go to courts