King & Wood Mallesons point out that there is no universal approach to costs awards in international arbitration, but “costs follow the event” is the starting point for most tribunals. The article considers studies which suggest that the emerging trend is to couple this approach with “adjusted” costs orders which reflect the relative success of the parties in the arbitration and the parties’ conduct in the arbitration, such trend making costs allocation a potentially powerful tool in ensuring the efficiency of proceedings.
Costs In International Arbitration
