Comparative Guides
Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.
Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.
Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.
Results: 4 Answers
International Arbitration
10.
Costs
10.1
How will the tribunal approach the issue of costs?
 
Serbia
The parties shall bear the costs of arbitration, which are determined by the arbitral tribunal (Article 18). When making their decision on costs, which is a necessary part of the arbitral award, the arbitrators should consider all facts of the case, including the outcome. The parties also have the duty to advance the costs of arbitration upon an order of arbitral tribunal to that effect (Article 18(3)).

For more information about this answer please contact: Jelena Bezarević Pajić 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?
 
Serbia
There are no restrictions in this respect under the Arbitration Act. The determination of costs is generally left to the arbitrators.

For more information about this answer please contact: Jelena Bezarević Pajić from Schoenherr Attorneys at Law