Ad hoc arbitration allows the parties involved in the dispute to decide the important aspects of the arbitration, such as the appointing of arbitrators, how many arbitrators are involved, the procedure for conducting the procedure and so forth. Therefore, they do not proceed with an institution for administering their arbitration, although those in conflict can appoint a qualified arbitrator and agree to choosean institutional provider as the appointing authority.
With this format, ad hoc arbitration can be more flexible, time-efficient and cost-effective than institutional proceedings, however, this is not always the case in reality. The ad hoc process involves the arbitrator having greater responsibility to organise and administer the arbitration. By working with experienced arbitrators and arbitration lawyers, such as those at Schlun & Elseven Rechtsanwälte, from the beginning of proceedings, you can enter the proceedings confident that both sides will understand the steps involved and that they agree to the results of the arbitration.