Originally from Alternatives to the High Cost of Litigation

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Below is a comparison of the latest international arbitration rules from five major administrative bodies in the field. It’s advisable to check the latest versions, available at the organizations’ websites listed below. 

Practitioners are also advised to carefully consider the consequences of selecting one set of rules over another as the subtle differences between the sets of rules may align with, or frustrate, your strategic or tactical needs. This advice is as important for corporate counsel negotiating an arbitration clause within a commercial agreement as it is to arbitration counsel engaged after a dispute has arisen. While the choice of governing rules generally follows the selection of the administering body, it may fairly be said that the former is more important than the latter.