Dispute resolution through ad hoc and institutional arbitration

This paper considers the differences between institutional and 'ad hoc' arbitration methods, and the advantages and disadvantages of each. The purpose of this paper is not to determine what is the better option, ad hoc or institutional arbitration as this will be dependent upon the parties themselves, the nature of the contractual relationship and the dispute itself. The func- tioning of the ad hoc and institutional arbitration models determine the nature of the disputes which can be arbitrated by them. The success and efficiency of the systems in consonance to the objectives of arbitration rely heavily on the implementation and application of the prin- ciples of ad hoc and institutional arbitration.