Introduction

As with Arbitration, ADR procedures may be conducted pursuant to a set of procedural rules developed and sponsored by an institutional dispute resolution service provider or according to an ad hoc set of procedures developed by the parties themselves. An ADR procedure administered by a dispute resolution service provider, in accordance with its institutional rules, has many advantages and is generally the preferred form. Although this entails additional administrative costs attributable to the fees charged by the provider, the benefits received in return are considerable. These ...