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In Costs

District Court enforces interim award for reimbursement of costs of arbitration

by and 4 Mins Read

Trajkovski Invest AB v. I.Am.Plus Electronics, Inc., No. 2:20-cv-00152-ODW (C.D. Cal. May 7, 2020) [click for opinion]. Petitioners, a collection of Swedish technology start-up entrepreneurs owning shares in the Bluetooth headphone company, Earin AB, sought damages from Respondent I.Am.Plus Electronics, Inc. for breaching a contract under which Respondent agreed to purchase Earin AB. Petitioners filed a request for arbitration with the Arbitration Institute of the Stockholm Chamber of Commerce (“SCC”) to resolve the dispute. Article…

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In Costs

Why Third Party Funding is on the rise in England & Wales

by , and 14 Mins Read

Third party funding is a relatively new phenomenon in the UK; historically it had been viewed by the Courts as unethical and contrary to public policy amid fears that it promoted unmeritorious claims being brought before the Courts and resulted in conflicts of interest, both actual and perceived; such arrangements would therefore often be deemed unenforceable. Nowadays, however, third party funding arrangements are generally permissible, are becoming better understood by lawyers and the courts alike,…

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In Costs

Impecunious Claimant – Does the impecuniosity warrant that the respondent pays the full advance on costs or that the claimant pays security for costs?

by and 6 Mins Read

On 11 January 2017, the arbitral tribunal in the investor-state arbitration between a French-Mauritian businessman (the “Claimant”) and the Republic of Mauritius (“Mauritius”) [1] issued a decision (i) on Claimant’s application to order Mauritius to pay the full advance on costs and (ii) on Mauritius application to order Claimant to pay security for costs. Both requests were denied.[2] The PCA administered arbitration was initiated by Claimant in November 2015 because Mauritius allegedly violated the France-Mauritius…

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In Asia-Pacific

Costs and Duration of Arbitration – A Survey of the SIAC, HKIAC, LCIA and SCC Case Statistics

by and 4 Mins Read

On 15 December 2016, the Hong Kong International Arbitration Centre (“HKIAC”) released its data on the costs and duration of an HKIAC arbitration, following the release of similar data by the Singapore International Arbitration Centre (“SIAC”) on 10 October 2016, the Arbitration Institute of the Stockholm Chamber of Commerce (“SCC”) on 24 February 2016, and the London Court of International Arbitration (“LCIA”) on 3 November 2015. These statistics enable users to reach a more informed…

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