When negotiating contracts, especially those involving cross-border transactions, determining the method for resolving future disputes is critical. Generally, it is a safe and recommended approach to adopt a model arbitration clause provided by well-established arbitral institutions. The International Chamber of Commerce (“ICC”), the London Court of International Arbitration (“LCIA”), and the Singapore International Arbitration Centre […]
Emergency Arbitration Costs
Emergency arbitration has become a vital tool for commercial parties needing swift interim relief before a full arbitral tribunal is constituted. Yet one aspect often overlooked with regard to emergency arbitration is cost. Parties tend to focus on urgency and strategy, overlooking the financial implications of launching emergency proceedings. Understanding emergency arbitration costs is not […]
Costs of Construction Arbitration
Construction projects are inherently complex. They often bring together multiple parties, detailed contractual frameworks, and technically challenging issues that can lead to high-value disputes.[1] In the construction industry, arbitration is frequently chosen for its neutrality, flexibility, and enforceability across jurisdictions. However, the costs of construction arbitration can be substantial and at times unpredictable, occasionally rivaling […]
Ad Hoc Arbitration
In international commercial disputes, ad hoc arbitration offers a flexible alternative to institutional proceedings. It is a process conducted without the administration of a permanent arbitral institution,[1] giving parties greater control over how their dispute will be managed. This model is often chosen by users who prioritise autonomy, procedural efficiency, and the ability to tailor […]
International Arbitration Costs
International arbitration can be an efficient and neutral means of resolving cross-border disputes, but its costs are a constant concern for parties. Even when the amount in dispute is high, parties understandably wish to avoid unnecessary expenses and to have a clear picture, from the outset, of what an arbitration is likely to cost. While […]