Isn't it too complex and too expensive to proceed with
arbitration? What all costs can we recover in this arbitration
apart from the claim? Can we claim attorney's fees or legal
costs from this arbitration? There are few but very frequently
asked questions from the Lawyers in UAE, and the answers to these
questions can be spotted in this article.
One of the most appealing advantages of turning to arbitration
is the tribunal's authority to award legal costs and expenses.
These would ordinarily incorporate the arbitrator's fees and
any other costs incurred in any arbitration institution. It is a
recent practice in UAE among commercial parties to empower the
tribunal to award legal costs either within the Terms of Reference
or drafting a special provision for the same. However, under
certain circumstances, the ability of the tribunal to grant legal
costs is a challenging task.
