Costs in International Arbitration, IBA Conference, June 18/19, 2014 Munich

IBA LOGOThe IBA Arbitration Committee devots a one-day conference to Costs in International Arbitration. The programme will kick off with a keynote speech by Gerhard Wagner, Humboldt Universität, Berlin, on Costs of Arbitration Proceedings. Panels will then cover

  • Advance on cost
  • Security for cost
  • Reimbursement and allocation of cost
  • Third Party Funding

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Reform of the Costs Regime: Substantial Increase of German Court and Legal Fees

In its last session before the summer recess on July 5, 2013, and hence the last session of this parliament ahead of the general elections in September 2013, the German lawmakers passed a host of new laws. As items 68 and 69 on the packed agenda, the Upper Chamber (Bundesrat) approved the compromise reached in the mediation committee (Vermittlungsausschuss) of the Upper and the Lower House (Bundestag) on court and legal fees. Continue reading

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My Court Is Better Than Your Court – And Cheaper, Says English Justice Secretary

The idea that jurisdiction compete for business is getting increasing traction – in Germany, with initiatives like “Law Made in Germany” or English language proceedings in German courts, but even more so in England. The Lord Chancellor and Justice Secretary Chris Grayling this week spoke on his initiative “UK Legal Services on the International Stage”. Not surprisingly, he said that London offered an “unrivalled mix of judicial expertise in the fields of finance, business and property.” But then he went on to say that “resolving disputes in the UK is quicker and cheaper – saving businesses up to £1.4bn a year – but still results in cast-iron judgments that are respected around the world.” Continue reading

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