Institutional Arbitration is a way of resolving business disputes outside of regular courts, where an established organization (like ICC or AAA) manages the process. Think of it as having a private judge (arbitrator) decide your case, but with the support and rules of a respected organization overseeing everything. It's different from 'ad hoc arbitration' where parties manage the process themselves. Companies often prefer institutional arbitration because it provides clear rules, administrative support, and experienced professionals to handle their disputes.
Represented clients in Institutional Arbitration proceedings under ICC rules
Managed complex Institutional Arbitration cases worth over $50 million
Successfully resolved international disputes through Institutional Arbitration
Served as counsel in Institutional Arbitration and Administered Arbitration proceedings
Typical job title: "Arbitration Lawyers"
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Q: How would you handle a conflict between institutional arbitration rules and the law of the seat of arbitration?
Expected Answer: A senior lawyer should explain how to navigate conflicts between different rules, mention practical examples, and discuss strategies for ensuring the award remains enforceable while following both sets of rules.
Q: What factors do you consider when choosing between different arbitration institutions for a particular case?
Expected Answer: Should discuss considerations like costs, location, industry expertise, enforcement potential, timeline, and specific institutional rules that might benefit the client's case.
Q: What are the key differences between ICC and LCIA arbitration procedures?
Expected Answer: Should be able to compare major institutions' procedures, including costs, timeline, level of administrative involvement, and scrutiny of awards.
Q: How do you draft an effective institutional arbitration clause?
Expected Answer: Should explain key elements of an arbitration clause including choice of institution, seat, language, number of arbitrators, and common pitfalls to avoid.
Q: What is the difference between institutional and ad hoc arbitration?
Expected Answer: Should explain that institutional arbitration involves an administrative organization that oversees the process, while ad hoc arbitration is managed by the parties themselves.
Q: What are the main stages of an institutional arbitration proceeding?
Expected Answer: Should outline basic steps from filing request for arbitration, appointing arbitrators, written submissions, hearings, to final award.