There are two types of arbitration:

Also, and depending on the type of award sought, arbitration can be classified as:

Based on the subject matter they deal with, arbitrations can be classified as: prohibited, forced and voluntary.

Arbitration is generally based on rules established by some international organizations:

However, the vast majority of Arbitration Centers produce their own rules of procedure, for example the HKIAC, CAM-CCBC and LCIA.

By their nature, the subject matter of some disputes is not susceptible to arbitration. In general, there are two groups of legal proceedings that cannot be submitted to arbitration:

Generally, the parties in conflict go to arbitration, since it is established in the contract, in an arbitration clause, which establishes that the parties in the event of a conflict agree to submit to an arbitration tribunal. Sometimes problems arise with the interpretation of these clauses, especially with regard to jurisdiction and the place of arbitration, among others.

The clause is an agreement by which the parties agree to submit to arbitration, by a specific arbitrator or an arbitration institution, to resolve a conflict in matters of available law. Arbitration institutions usually advise a general clause that will allow the solution of the conflict to be adapted to the procedure provided by the institution.

The Spanish Arbitration Society, the leading entity that created the first arbitration chamber in Spain, recommends the following:

A model clause we can say is that of the International Court of Arbitration of the International Chamber of Commerce (ICC):.

Likewise, arbitration can be resolved during the process through the transaction:

On the other hand, there are arbitration clauses that grant different rights and obligations to each of the contracting parties. These "Asymmetric Clauses"[13]​ are not perfectly bilateral and establish rights for only one of the parties. Some examples of them refer to costs, arbitration expenses, selection of arbitrators or the power to resort to ordinary jurisdiction.

The principles that regulate arbitration are:

Parties often seek to resolve their disputes through arbitration due to a number of perceived potential advantages over court procedures. Companies usually demand arbitration with their customers, but prefer the advantages of courts in litigation with their competitors:[14]​.

Some of the disadvantages are:

There are two types of arbitration:

Also, and depending on the type of award sought, arbitration can be classified as:

Based on the subject matter they deal with, arbitrations can be classified as: prohibited, forced and voluntary.

Arbitration is generally based on rules established by some international organizations:

However, the vast majority of Arbitration Centers produce their own rules of procedure, for example the HKIAC, CAM-CCBC and LCIA.

By their nature, the subject matter of some disputes is not susceptible to arbitration. In general, there are two groups of legal proceedings that cannot be submitted to arbitration:

Generally, the parties in conflict go to arbitration, since it is established in the contract, in an arbitration clause, which establishes that the parties in the event of a conflict agree to submit to an arbitration tribunal. Sometimes problems arise with the interpretation of these clauses, especially with regard to jurisdiction and the place of arbitration, among others.

The clause is an agreement by which the parties agree to submit to arbitration, by a specific arbitrator or an arbitration institution, to resolve a conflict in matters of available law. Arbitration institutions usually advise a general clause that will allow the solution of the conflict to be adapted to the procedure provided by the institution.

The Spanish Arbitration Society, the leading entity that created the first arbitration chamber in Spain, recommends the following:

A model clause we can say is that of the International Court of Arbitration of the International Chamber of Commerce (ICC):.

Likewise, arbitration can be resolved during the process through the transaction:

On the other hand, there are arbitration clauses that grant different rights and obligations to each of the contracting parties. These "Asymmetric Clauses"[13]​ are not perfectly bilateral and establish rights for only one of the parties. Some examples of them refer to costs, arbitration expenses, selection of arbitrators or the power to resort to ordinary jurisdiction.

The principles that regulate arbitration are:

Parties often seek to resolve their disputes through arbitration due to a number of perceived potential advantages over court procedures. Companies usually demand arbitration with their customers, but prefer the advantages of courts in litigation with their competitors:[14]​.

Some of the disadvantages are: