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Judgment On October 10, 2019.pdf

Oct10-2019-Arbitration-Costs-Award.pdf
Preview of judgment on October 10, 2019
🔗 Source: factfocus.com
📊 Size: 8.78 MB
📄 Pages: 18 pages
⬇️ Downloads: 31

Summary

This is a Part Final Award on costs in an arbitration between Broadsheet LLC and the Islamic Republic of Pakistan and the National Accountability Bureau. The arbitration, seated in London, has previously issued awards on liability and quantum. The claimant, Broadsheet LLC, has made a claim for costs under section 61(2) of the Arbitration Act 1996, which provides that costs should follow the event unless the tribunal decides otherwise. The claim includes arbitrator costs, expert, witness, and disbursement costs of the liability phase, totaling $562,371.83. The respondents have not made a claim for their costs, but the arbitrator notes that they have incurred costs in relation to issues on which the claimant has failed. The arbitrator must determine the recoverable costs of the arbitration, having regard to all material circumstances, including the degree of success of each party and the conduct of the parties.

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Description

This is a Part Final Award on costs in an arbitration between Broadsheet LLC and the Islamic Republic of Pakistan and the National Accountability Bureau.

Technical Information

  • File Format: PDF
  • File Size: 8.78 MB
  • Pages: 18
  • Language: EN
  • Total Downloads: 31
  • Last Updated: 7 days ago

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