Institutional arbitration is administered by a body like SIAC, which provides rules, case management, and a fee structure, while ad hoc arbitration is run entirely by the parties without institutional support. Institutional arbitration is generally more structured and predictable, while ad hoc arbitration can be cheaper but relies heavily on the parties' cooperation.
Quick Question
What’s the Difference Between Institutional and Ad Hoc Arbitration?
The short answer
Quick answer
Institutional arbitration is administered by a body like SIAC, which provides rules, case management, and a fee structure, while ad hoc arbitration is run entirely by the parties without institutional support.
General information only. This answer does not constitute legal advice. The appropriate response depends on the facts and circumstances of each matter.
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