by：James Wang   Alexandra Pieniazek   BellaSkuthorp    King & Wood Mallesons

While there is no universal approach to costs awards in international arbitration, “costs follow the event” is the starting point for most tribunals. As demonstrated by two studies discussed in this article, an 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. This trend makes costs allocation a potentially powerful tool in ensuring the efficiency of proceedings. Continue Reading Costs in international arbitration