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2
(institutional arbitration).

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financing, banking, insurance, joint venture
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London Court of Arbitration, Arbitration Institute of the Stockholm Chamber
of Commerce, Regional Centre for Arbitration at Kuala Lumpur, American
Arbitration Association (AAA), Inter-American Commission of Commercial
Arbitration, International Centre for the settlement of Investment
disputes (ICSID).
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Alan Redfern Martin Hunt nternational Commercial
Arbitration, op. cit., . 40 ..the difference between an ad hoc arbitration and an institutional
arbitration is like a difference between a tailor-made suit and one which is bought off the-peg
8
,
ad hoc . Sapphire Arbitration,
Aramco Arbitration.

68

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midnight clause.
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Arab African Energy Corp.Ltd. v Olieprodukten Nederland B.V (1983), Lloyds Rep. 419.
10

69

70

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ad
hoc ,



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1986 .
1989
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French government v . Tsurushima Maru, 1921, Lloyds Rep.403

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status quo ante

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80

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1958

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