Answer ... Reimbursement of fees and costs incurred may be subject to the arbitration agreement. In the absence of agreement between the parties, the tribunal will decide based on:
- the claims;
- the duration and complexity of the proceedings;
- the evidence presented; and
- the outcome.
Hence, it may order each party to bear its own costs, divide the costs proportionally or apply the ‘loser pays’ rule.
Answer ... Greek legislation imposes no specific restrictions in this regard, but the general principles of the law of contracts apply.