This leading guide to international commercial arbitration is an invaluable teaching tool, based on a wealth of experience and practical insight from the authors. Now in its fifth edition, this classic text provides students with a clear and authoritative explanation of the law and practice of international arbitration. Concise and well organised, it leads the reader through the different stages of the arbitral process. It is renowned for its direct approach to complex issues and the writing has been praised for its accessible and pedagogical style. The logical structure of the book follows the chronology of an arbitration and the content includes advice on the drafting of the arbitration agreement as well as close examination of the award itself and comments on the special considerations applying to arbitrations brought under investment treaties. It covers applicable laws, the establishment and powers of a tribunal, the conduct of proceedings and the role of domestic courts and gives consideration to the challenge and enforcement of arbitral awards. Reference is made to the rules and practice of arbitration at the International Chamber of Commerce, the London Court of International Arbitration, the American Arbitration Association, the International Centre for Settlement of Investment Disputes and the United Nations Commission on International Trade Law. This new edition has been substantially updated to include fuller treatment of investment treaty arbitration and international arbitration beyond the UK and Europe as well as all the latest significant developments in the field. In particular, the fifth edition contains substantially more coverage of the law and practice of international arbitration in the US, Latin America, China and India. Previous editions have been praised as "an indispensible guide for anyone involved in, studying or simply interested in, international commercial arbitration" and "a natural student's choice". The commentary combines with the comprehensive and practical guidance to make this the leading text on the subject.