institutions | subject matter/ parties | place of arbiration | language of arbitration | decision making ability of arbitrators | reasoned decision in writing & signed | time limits for decision | appeal / correction of mistakes | panel adding to awards | No. & nationality of arbitrators |
AAA | broad | by parties, if can not decide, then decided by arbitrators | by parties or if not decided, use language of document calling for arb. | majority rules | yes | n/n | right to appeal in 30 days / will correct errors | n/n | 1 or 3 |
LCIA | increaing use by CIS | by parties, if can not decide, then in London [rule 7.1] | by parties or if not decided, use language of document calling for arb. | if no majority, senior arb. decides [rule 16.3] | yes - [rule 16.1] | n/n | will correct errors [rule 17.1] | provided for under rule 17.3 | 1 or 3 [rule 3.2] - nationality if single arb.[rule 3.3] |
UNCIT- RAL | direct to issues most concerning developing nations, contracts only - not torts | decide d by parties | any language [rule 17.1] | if no majority, senior arb. decides [rule 31.1] | yes [rule 32.2] | n/n | will correct errors [rule 36.1] | provided for under rule 37.2 | nationality [rule 6.4] if single arb. then not nationality of a party [rule 6.4] |
CIETAC | broad, subject matter, but one of the parties must be Chinese | Bejing or as decided by the Commision | parties decide or if not - Chinese | majority rules | reasons & in writing, no mention of signing | 9 mos. | no appeal process | n/n | 1 or 3 |
ICSID | dispute must arise from an investment involving a member state | Centre unless parties agree to any other place | parties decide | majority rules | yes | n/n | n/n | n/n | any uneven number |
ICC | broad subject matter , but must be a business matter | parties decide, if not, then the ICC Court decides [rule 12] | arbitrators decide [rule 15.3] | if no majority, senior arb. decides [rule 19] | yes [rules 20 & 21] | in theory - 8 mos.; reality - 18 to 24 mos. | no appeal / errors will be corrected | n/n | 1 or 3 - [rule 2.5] nationality - [rule 2.6] |
n/n - not applicable or nothing to note