This new edition addresses important topics concerning the complex and intellectually challenging law and practice of commercial arbitration. Given that one of the most often stated benefits of arbitration is its simplicity, the law of commercial arbitration is in reality quite complex. The author integrates coverage of domestic and international commercial arbitration, reconciling two competing realities: that most students are far more likely to represent clients involved in domestic arbitrations than international ones; and that the globalization of the economy makes exposure to international commercial arbitration indispensable. Commercial Arbitration promotes extensive discussion of both sides of the underlying policy issues: