International Practice of Law: February 2014 Archives

Parties to a dispute often cite cost control as a reason for choosing arbitration over litigation.  To achieve the goal of keeping arbitration costs down, it is important for counsel to play an active role in advocating for cost control.  Without counsel's vigilant attention from the outset of the case, arbitration costs can rival litigation expenses.  This is especially true international arbitrations where parties, counsel, and arbitrators hail from different parts of the world.