Comparative Guides
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Results: 4 Answers
International Arbitration
10.
Costs
10.1
How will the tribunal approach the issue of costs?
 
Moldova
Unless otherwise agreed by the parties, the arbitral tribunal must decide in its arbitral award on the allocation of costs in relation to the arbitral proceedings. To this end, the arbitral tribunal will take into account the particularities of the matter, the winning party and similar.

At the request of the respondent, the arbitral tribunal may oblige the claimant to cover the respondent’s costs if it declines its competence.

The arbitral tribunal may also order the parties to advance the costs of the proceedings

For more information about this answer please contact: Vladimir Iurkovski 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?
 
Moldova
No, there are no restrictions.

For more information about this answer please contact: Vladimir Iurkovski from Schoenherr Attorneys at Law