Choosing The Right Arbitral Rules

The right arbitral rules to choose for any given dispute will depend on a number of factors, including how confidential the parties wish the proceedings to be, how quickly the parties would like the dispute to be resolved, their appetite for cost savings, the importance of being able to scrutinize the award and the importance of geographical neutrality. This article outlines the key differences between the rules of some of the leading arbitral institutions: the International Chamber of Commerce (ICC), London Court of International Arbitration (LCIA), Singapore International Arbitration Centre (SIAC), the Hong Kong International Arbitration Centre (HKIAC), the Istanbul Arbitration Center (ISTAC) and the Istanbul Chamber of Commerce Arbitration Center Rules (ITOTAM).