Comparative Guides
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Results: 4 Answers
International Arbitration
10.
Costs
10.1
How will the tribunal approach the issue of costs?
 
Macedonia
Upon the request of a party, the tribunal shall decide on the final allocation of costs, including the costs of the parties’ legal representation and the arbitrators’ fees, based on its discretion considering all circumstances of the case, and especially the outcome of the dispute. The tribunal can decide on the costs in the award or in an order for termination of the proceedings. The tribunal may also render a separate award on costs if it fails to decide the issue in the award, or if a decision on costs could be rendered only after termination of the proceedings (Article 34).

For more information about this answer please contact: Slaven Moravčević 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?
 
Macedonia
The Arbitration Act prescribes no restrictions in this regard.

For more information about this answer please contact: Slaven Moravčević from Schoenherr Attorneys at Law