‘Section 63(3) is a non-mandatory provision of the Arbitration Act 1996 (the act), which confers on the arbitral tribunal the power to determine the recoverable costs of the arbitration on such basis as it considers appropriate, unless the parties have agreed otherwise. Where it does so, the tribunal must specify the basis on which the costs have been assessed, the items of recoverable costs and the amount awarded for each item (s63(3)(a) and (b))).’
Law Society's Gazette, 31st July 2026
Source: www.lawgazette.co.uk
