What are the characteristics of ad hoc arbitration? A. Parties select arbitrators B. Institution provides arbitrators C. Formal rules govern proceedings D. Proceedings follow strict legal procedures
Question
What are the characteristics of ad hoc arbitration? A. Parties select arbitrators B. Institution provides arbitrators C. Formal rules govern proceedings D. Proceedings follow strict legal procedures
Solution
Ad hoc arbitration is characterized by the following:
A. Parties select arbitrators: Yes, in ad hoc arbitration, the parties involved have the freedom to select their own arbitrators. This is one of the main characteristics of ad hoc arbitration.
B. Institution provides arbitrators: No, this is not a characteristic of ad hoc arbitration. In institutional arbitration, an institution provides the arbitrators.
C. Formal rules govern proceedings: Yes and No. While ad hoc arbitration does not have to follow the rules of an institution, the parties can agree on certain rules to govern the proceedings. If no rules are agreed upon, the arbitration will be governed by the law of the place where the arbitration is held.
D. Proceedings follow strict legal procedures: No, ad hoc arbitration does not necessarily follow strict legal procedures. The procedures can be flexible and are often decided by the parties involved or the arbitrator.
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