The parties1 are free to agree what costs of the arbitration2 are recoverable3. If or to the extent that there is no such agreement4, then the arbitral tribunal5 may determine by award the recoverable costs of the arbitration on such basis as it thinks fit6. If it does so, it must specify the basis on which it has acted, and the items of recoverable costs and the amount referable to each7. If the tribunal does not determine the recoverable costs of the arbitration, any party to the arbitral proceedings may apply to the court8 (upon notice9 to the other
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234