This book was written by two internationally known experts in arbitration both as academics and as practitioners. Concise yet comprehensive, it describes and analyzes the law and practice of international arbitration by comparing various jurisdictions as well as different rules of arbitral institutions. While Swiss law and Switzerland as a place of arbitration remain a focus, comparative overviews are dealt with in separate sections allowing international readers to use them as a stand-alone source. The new edition is an introduction for students but at the same time it offers deepened perspectives for practitioners involved in arbitration (or the recognition and enforcement of arbitral awards). The third edition has been considerably expanded, completely revised and updated. It includes, among others, new chapters on sports and investment treaty arbitration.