Question

The expression 'costs' under section $31$ means reasonable costs relating to:

• A. fees and expenses of the arbitrators
• B. administration fees of the institution supervising the arbitration
• C. only (a)
• D. both (a) and (b)

Answer 1

Answer: (D)

both (a) and (b)

Under section 31(8) of the Act, for the purpose this section, “costs” means reasonable costs relating to-

• The fees and expenses of the arbitrators and witnesses,
  
• Legal fees and expenses,
  
• Any administration fees of the institution supervising the arbitration, and
• Any other expenses incurred in connection with the arbitral proceeding and the arbitral award.