The Annual Roebuck Lecture held by the Chartered Institute of Arbitrators in London saw leading international arbitrator Professor Doug Jones consider cost allocation in international arbitrations.
Susan Dunn, Harbour’s Head of Funding, comments: “The speech offered a lot of food for thought. It is encouraging to hear a leading arbitrator such as Doug voice the concerns of parties and funders alike about the lack of predictability of costs in arbitration which, if not addressed to bring greater certainty, threatens to undermine the credibility of arbitration as a dispute resolution mechanism. I hope this will generate solutions in the near term – our experience has certainly been that costs and liability to pay them are much more predictable in litigation.”
