…had failed to comply with a London-seated LCIA tribunal’s order to provide security ostensibly because it had become impecunious. RQP, resisting the application, argued that ZYX had repudiated the arbitration…
…concerning the allocation of costs are based on the principle of distributive justice, the cornerstone of the rules establishing costs follow the event approach and the causation approach. Portuguese…
…security in Malaysia and was subject to remedies specifically reserved to the jurisdiction of the Malaysian courts, the Malaysian courts’ approach indicates that arbitrability can be determined by Malaysian laws…
…and ordered Libya to compensate Strabag in the amount of approximately EUR 75 million plus costs and interest. Strabag proceeded to apply for (partial) enforcement of the Award in Austria….
International arbitration proceedings typically involve fact-sensitive and technically complex transnational disputes, and usually require large legal teams, multiple expert and fact witnesses, making the costs skyrocket. In this scenario, a…
…acting as the President of the UN Security Council in 1989. Mr. Fortier was Chairman of the Sanctions Board of the World Bank and he served for 10 years on…
…residual discretion remains with the court to enforce a foreign award, despite grounds for its resistance having been made out. In this case, the court also imposed substantial costs on…
…of information about their CO2 emissions from investors and the US Security Exchange Commission. Other interesting cases included instances of private entities and states being sued for their failure to…
…business, and that the AfCFTA will probably encourage intra-African disputes. Moreover, the 2022 African Arbitration Academy’s Survey on Costs and Disputes Funding in Africa (“2022 AAA Survey”) looks at costs…
…US $ 1.75 million and GBP 178,125.50. The arbitration costs are assessed at GBP 714,502.00, and any balance held by the PCA shall be remitted in equal shares to the…
…ECHR and applied to arbitral awards in the BTS Holding decision (further discussed on the Blog). Refusal to Pay Advance on Costs and Inconsistent Challenge to the Courts’ Jurisdiction…
…by ex-agents of the Israeli security services. Anyone can download the app and, using a mobile phone camera and microphone, record the subject answering questions. For US$ 29 per test,…
…of the costs of enforcement. However, before distribution of the proceeds, persons in Canada may wish to be satisfied that they are not in breach of the Russian Sanctions by…
…arbitration; rules requiring disclosure of third-party funding; and rules concerning costs allocation and provision of security for costs. As we have previously discussed (see prior Blog coverage, here and here),…
…recent years of aviation-specific arbitration institutions and arbitrator rosters like the AAA-ICDR Aerospace, Aviation, and National Security Panel, launched in November 2016, the Shanghai International Aviation Court of Arbitration (SIACA),…
…automatic recourse for losing parties, or what the complete costs are in pursuing this form of dispute settlement process and who internalizes or externalizes those costs). Many students are increasingly…
…costs in the region. The report builds on statistical analysis to establish current trends in the allocation of costs and estimates the average costs of an investment arbitration. Conclusion The…
…London Court of International Arbitration (LCIA). One of the effects of the licence is that it permits Designated Persons to transfer funds to the LCIA to cover arbitration costs. The…
…is lower than litigation. For claims with a value above $1,000,000: arbitration costs range between $10,000 and $50,000. However, increasing arbitration costs are also causing concern. Aside from the value…
…on the legal costs that the arbitral tribunal had ordered one of the parties to pay. The arbitration proceedings related to a disagreement on the interpretation of a sales agreement….
…lack of diverse arbitrators; and (3) costs and duration of cases. Various proposals have been suggested to address these issues. One of them is strongly supported by the EU and…
…third-party funding; (v) include specific provisions for joinder of additional parties, emergency arbitration, consolidation, allocation of costs; (vi) among others changes. The Arbitration Center of Mexico (CAM) also released its…
…the new regime, including by drawing comparisons to Hong Kong’s regime, and also analysed whether costs orders made by arbitral tribunals should consider the impact of alternative fee arrangements. …
…for 9% of the total costs of the arbitration. For the period 2017-2021, the average tribunal costs were USD 992,486. It included administrative costs and the arbitrators’ fees and expenses….
