Comparative Guides
Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.
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Results: 4 Answers
International Arbitration
10.
Costs
10.1
How will the tribunal approach the issue of costs?
 
Bulgaria
The International Commercial Arbitration Act does not regulate who bears the cost of the arbitration proceedings. If the parties have not agreed on the costs, the procedural rules of the respective arbitration court will apply. Usually, the unsuccessful party bears the costs of the proceedings, including the arbitration fees, the expenses related to collecting evidence and attorneys’ fees.

For more information about this answer please contact: Chemshirov Radoslav 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?
 
Bulgaria
There are no statutory restrictions on what the parties can agree in terms of costs in arbitration seated in Bulgaria.

For more information about this answer please contact: Chemshirov Radoslav from Schoenherr Attorneys at Law