Summary: Introduction - I. Nature and scope of existing institutional facilities for international commercial arbitration: (a) National institutions providing general arbitration facilities; (b) Organizations providing facilities for the settlement of disputes arising in specific branches of trade or out of specific types of contract; (c) International centres for general commercial arbitration - II. Arbitral procedures: (a) Composition of arbitral tribunals; (b) Appointment of arbitrators; (c) Hearing procedures; (d) Arbitral awards; (e) Applicable law; (f) Appeals and enforcement - III. Activities aiming at the development or unification of arbitration law: (a) Preparation of model legislation; (b) Studies of arbitration law and of arbitral procedures - IV. Factors considered to stand in the way of the progress of arbitration and suggestions as to possible remedial measures for increasing the effectiveness of international commercial arbitration - V. Comments on Draft Convention on the Recognition and Enforcement of Foreign Arbitral Awards.