ADCCAC – Costs and Fees
Overview
An arbitration under the ADCCAC 2013 Procedural Regulations of Arbitration (the 2013 Regulations) is commenced by a Request for Arbitration (the Request)
The costs of the arbitration to cover the Centre's fees and those of the Panel (the ADCCAC term for the tribunal) are to be paid to the Centre at the outset of the arbitration
Parties must of course remember that in addition to the costs and fees of the Panel and the Centre, they are most likely to incur their own legal fees and, if unsuccessful, may be ordered to pay some or all of their opponent's costs (to include their legal fees and sums paid to the Centre for administration and Panel costs).
Fees should be paid by cheque, local bankers' draft/manager's cheque or telegraphic transfer
Definitions
ADCCAC: The Abu Dhabi Commercial Conciliation & Arbitration Centre.
The Centre: This term is used interchangeably with the ADCCAC. Notifications are sent to the Centre marked for the attention of the Director (article 4).
The Director: The director of the Centre.
The Panel: A sole arbitrator or odd number of arbitrators in charge of adjudicating a dispute referred to arbitration.