Summary

Several industries/commercial sectors have their own arbitration schemes with tailor-made rules and, more importantly, panels of Arbitrators with specific expertise in that industry/sector; examples include the maritime and commodities sectors. These schemes work well and are widely applied internationally, eg the great majority of international shipping disputes are referred to arbitration under the auspices of the London Maritime Arbitrators Association. There is noequivalent in the international oil and gas industry, although there are panels in the USA which purport tobe of oil and ...