Costs of Arbitrators
 
 
   
Home Costs of Arbitration
 
 
     
 

Costs of Arbitration

The costs of arbitrations including the fees of arbitrators also the expenses reasonably incurred by the Centre in connection with the arbitration as well as its administrative charges would be borne by the parties in such proportion as may be determined in the arbitral award.


The fees of arbitrators, which will depend on several factors, such as the complexity of the case, the nature of the dispute, time and the expeditious conduct of the proceedings, would be  fixed in each case in accordance with the schedule of fees annexed to these rules.

The fees and charges of the Centre would be fixed taking into account the actual expenses incurred and also keeping in view the non-profit making nature character of the Centre.


 
Follow Us
line

facebook  twitter
   
   
© Copyright Regional Centre for International Commercial Arbitration - Lagos. All rights reserved.