Arbitration is increasingly used to resolve corporate disputes, including Venezuela. Doctrine and jurisprudence, national and foreign, agree on the requirements for corporate arbitration and its scope in the subjective and objective sphere. The development of this in Venezuela is based mainly on the practice that is favorable to its use, but it would be desirable in a forthcoming reform of the Commercial Arbitration Law to include general guidelines of corporate arbitration following the examples of Spain and Switzerland. Reform of the relevant arbitration rules would also be desirable to include cases involving several parties.