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The usual arbitration procedure is for the parties involved to choose an interested and informed party as referee to determine the merits of the case and make a judgement that both parties agree to honor.
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Because the informal method of arbitration is workable, there are no rules and procedures established yet.
An “act of God” refers to some extraordinary happening of nature not reasonably anticipated by either party of a contract.
Most observers of litigation between citizens of different nations feel that some victories are spurious because of the cost, delays and aggravation involved.
When an initial request for arbitration is received, the ICC attempts a conciliation between the disputants after the process of arbitration is started
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