Construction arbitration, RIDW, Saudi Arabia, Shari‘a

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The Kingdom of Saudi Arabia (“KSA”) is witnessing a significant surge in construction activity, from leading giga projects (such as NEOM and the Red Sea Project) to being selected as the host of the FIFA World Cup 2034 and Expo 2030. The KSA is now at the forefront of the region in this industry and…

Construction arbitration, Costs, Costs in arbitral proceedings, Middle East

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Herbert Smith Freehills

Each of the major arbitral institutions requires that parties furnish some form of advance on costs before an arbitration can proceed. The advance on costs is a deposit paid by the parties to cover fees and expenses of the tribunal and the institution’s administrative expenses (“Advance”). Whilst payment of an Advance is often perceived as…