Institutional arbitration procedure

60 INSTITUTIONAL ARBITRATION Summary As diverse the disputes arising in everyday life are, so different are the methods developed over the time to settle them, ranging from methods of alternative dispute resolution to arbitration and court proceedings. In recent years an increasing number of disputes resolved in arbitration and the fact that arbitration is being used to settle not only international and property disputes, gave rise to many studies on arbitration dealing among others with institutional arbitration. The purpose of my thesis is to analyse arbitration, concentrating on arbitration offered by arbitration institutions in contrast to ad hoc arbitration and arbitration before so called "arbitration centres", as the number of them keeps growing in the Czech Republic and in many cases they confusingly appeal to a laic person to represent a permanent arbitration institution. The thesis is divided into five chapters, each of them dealing with different aspects of arbitration. Arbitration is being defined as a legal technique for the resolution of disputes outside the courts, wherein the parties to a dispute refer it to one or more persons (the arbitrators, or arbitral tribunal), by whose decision (the award) they agree to be bound. It is a settlement technique in which a third party reviews the case..