The respondent was ordered to reimburse the claimant for the additional costs it had incurred. In ten of these awards the claimant was ordered to pay all of the costs of arbitration, and also in ten awards the claimant was ordered to pay all or some of respondent's legal costs. Others closely scrutinized invoices and considered whether the number of hours declared, the hourly rates and the number of partners involved were reasonable in light of the duration and complexity of the case. Some tribunals calculated precisely the percentage of success on the basis of the amount claimed, while others simply reduced the costs awarded by an approximate proportion. Another way of indicating to the parties what will be taken into account is for the tribunal to address this in a (first) procedural order, as was done in an ICC case under the 2012 ICC Rules. In some PCA-administered cases the parties consent to only limited information being made available on the PCA's website. With respect to the costs of legal representation and assistance, Article 36.5 establishes that the arbitral tribunal is free to determine which party shall bear such costs, or may reasonably apportion such costs between the parties as it determines appropriate. Investor-state arbitration, to which different considerations apply, is beyond the scope of this Report. The costs of experts.
When assessing the reasonableness of the amount of costs incurred, tribunals might take into account the amount in dispute or the value of any property that is the subject matter of the dispute. The 2010 UNCITRAL Rules, in Article 41, provide a mechanism for the appointing authority or the PCA Secretary-General to review the reasonableness of costs fixed by the tribunal. In other jurisdictions, the reports suggested that third-party funding costs may not be recoverable, because the funder does not have standing to claim costs in the proceedings, and the party that was funded did not actually incur the costs. In addition to bearing 20% of the administrative and arbitrators' fees and costs, the claimant had to bear the legal fees of the second respondent. ⢠The need to argue the case under a certain applicable law, the number of witnesses, the duration of the hearing, the difficulty of marshalling evidence, the amounts in dispute and the number of issues to be decided. While most PCA cases are administered under the UNCITRAL Arbitration Rules (see below), several have been conducted pursuant to PCA Optional Rules, ad hoc procedures in the parties' arbitration agreement, or rules agreed specifically for the purposes of the dispute at hand. That practice is not binding on this Tribunal, which prefers the more recent practice in investment arbitration of applying the general principles of 'costs follow the event', save for exceptional circumstances, such as when concerns regarding access to justice are raised. As further support for this approach the tribunal observed that (i) Article 40(1) of the 1976 UNCITRAL Rules expressly provides for a costs follow the event principle; (ii) both parties had argued that costs ought to be allocated according to 'success'; and (iii) section 1057 of the German Arbitration Law states that a factor affecting the exercise of discretion by the tribunal is 'the outcome of the proceedings' (the seat of the arbitration was Frankfurt). 62.
Ready to start a project want to learn more about our process and how we work with clients?For any suggestions or questions, please contact us at: 81. 44. Significant work has already been done by the Commission to help keep party costs under control. d) Allocation of costs in cases involving third-party interventions For example, in one case, the tribunal held as follows: This is normally what happens in the majority of cases. The withdrawal of counterclaims would then give the claimant a slight procedural advantage since the counterclaims could not be reintroduced within the same arbitral procedure. In other words, imbalance does not automatically signify unreasonableness.
This corresponds to previous findings of the ICC, which similarly determined that ICC arbitrator fees and administrative expenses account for roughly 18% of the costs of arbitration.
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icc arbitration costs