Observations on Arbitration series: What is the difference between institutional and ad hoc arbitration?

In this short video in our Observations on Arbitration series, Vanessa Naish, Professional Support Consultant in our International Arbitration practice, considers the differences between institutional and ad hoc arbitration, and the reasons why parties may opt for one rather than the other. Vanessa also discusses the main differences between the arbitral institutions which are relevant when parties choose which one to include in their arbitration agreement.