Arbitration as a method of alternative dispute resolution has been employed by entrepreneurs since the very early days of business, when merchants turn to a third one whom they knew and trusted for his decision resolving disputes between them. While major and leading arbitration institutions consider the wide range of multi-profile disputes irrespective of sphere and particulars of the business they arise out of, certain businesses created their own arbitration rules to settle a dispute in particular type of professional activity (the so-called closed clubs).