Contracting parties agreeing that disputes should be submitted to arbitration constitutes only part of the issue for negotiation. Prudent contracting also requires the parties to determine which arbitration tribunal shall administer the proceeding. Rules can vary, with meaningful impact on the course of a potential arbitration.
This article, by Risteard de Paor of Dentons, published in JD Supra, discusses differences in the rules of three leading international tribunals.