September 16, 2021

All of these institutions have their own arbitration rules and these rules would apply to the arbitration proceedings they have implemented. On the other hand, in ad hoc arbitration proceedings, arbitration procedures are agreed and arranged by the parties themselves. No assistance is requested by arbitral institutions in the context of ad hoc arbitration proceedings. The parties may do so, but they must enter into an agreement after the existence of a dispute has been proven and before arbitration can begin. This is called the submission agreement. An arbitration agreement is an agreement between the parties to submit to arbitration, whether a contract or not, all or part of disputes that have emerged or may arise between them. The following factors are essential to such an agreement: it is the law that determines the main points of disagreement between the parties to the dispute. It is also cited as a substantive right…