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There are a great number of arbitration rules applicable to various forms of proceedings with or without the support of institutions. The rules intended to govern international arbitration are revised in regular intervals and, despite the growing number of institutions, seem to resemble each other increasingly.

Beside this body of rules, which form the regulatory core of international arbitration, there are other texts, described as "guidelinesö, "notesö or similar expressions, which propose to provide guidance, information, advice and directives to parties, arbitrators and institutions. Since these texts differ from the rules governing the arbitration proceedings as a whole, it is proposed to refer to them as "para-regulatory textsö.

The number of institutions, associations and other groups of varying qualifications which issue such texts is continuously growing; so are the subject matters with which they deal and the number of texts produced. While the relevance, authority and usefulness varies from one text to another, taken together they form a thicket of continuously growing density.

Occasionally one or the other of these texts has given rise to controversies or a critical analysis. But no systematic analysis of the phenomenon as such and its impact on the practice of international arbitration seems to have been undertaken yet. This volume of the ASA Special Series starts a discussion about these para-regulatory texts, examining the phenomenon in general and by reference to some of them specifically.

The discussion in this volume focuses in a more general manner on the status of these texts, in particular:

-The authority of para-regulatory texts in arbitration practice;
-The frequency with which they are referred to or used;
-The authors of these texts, their mandate, qualification and experience;
-The areas covered by such texts and those which have not or have been less prominently addressed.

The Sense and Non-sense of Para-regulatory Texts in International Arbitration will provide some insight into the effect which para-regulatory texts have on arbitration practice, on the responsiveness of arbitration to the needs of its users and on the further development of arbitration. Is the trend to be discouraged or to be further developed? What directions should it take?