How Arbitration Institutions Awards Legal Cost In UAE?

Managing an arbitration means managing a client's expectations, including the client's costs in pursuing its case in arbitration. Parties in arbitration may incur different types of costs; wherein the three main costs involved are the Tribunal Fees; Administration Fees; Legal fees for experts and for legal representations. Legal cost is the main expense incurred by the party and the fees of its legal representatives in arbitration.

Allowing the recovery of legal costs in a dispute is not universal, so one of the benefits of arbitration in UAE is that some of the arbitration institutes award legal costs should you win which is not the case in local courts. The arbitral institutions have to explicitly allow the tribunal to order the losing party to pay the legal costs incurred by the winning party. Nevertheless, it requires a bright mind to present the legal costs before the arbitral tribunal and to seek a refund for the same. Arbitration Lawyers of Dubai will help