Comparative Guides
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Results: 4 Answers
International Arbitration
10.
Costs
10.1
How will the tribunal approach the issue of costs?
 
Austria
Section 609 of the ACCP governs the allocation of costs. It confers on the tribunal broad discretion, but requires it to consider the circumstances of the case and the outcome of the proceedings.

For more information about this answer please contact: Leon Kopecký from Schoenherr Attorneys at Law
10.2
Are there any restrictions on what the parties can agree in terms of costs in an arbitration seated in your jurisdiction?
 
Austria
There are no specific restrictions on what the parties can agree in terms of costs in arbitration seated in Austria. However, the parties’ agreement may find its limits in Austrian ordre public.

For more information about this answer please contact: Leon Kopecký from Schoenherr Attorneys at Law