Excessive Costs and Recoverability of Costs Awards in Investment Arbitration

Autor: Facundo Pérez Aznar, Julien Chaisse, Catharine Titi, Marko Jovanović, Olga Puigdemont Sola, Gabriel Bottini
Rok vydání: 2020
Předmět:
Zdroj: The Journal of World Investment & Trade. 21:251-299
ISSN: 2211-9000
1660-7112
DOI: 10.1163/22119000-12340173
Popis: In the era of the backlash against investor-State dispute settlement, the costs of proceedings have been a prime object of criticism. This article examines the problem of excessive costs and insufficient recoverability of costs awards. Firstly, it examines the issue of excessive costs in relation to both party costs (fees and expenses of counsel, experts, and witnesses) and tribunal costs (fees and expenses of arbitrators and arbitral institutions). Secondly, it discusses the impact of the length of proceedings on costs. Thirdly, it discusses the contribution of third-party funding to excessive costs. Finally, it analyses the issue of insufficient recoverability of costs awards and the availability of mechanisms to secure prompt payment of costs awards where there are insufficient resources or an unwillingness to pay. In examining each of these concerns, this article assesses the potential contribution of four different models for reform of investment arbitration.
Databáze: OpenAIRE
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