Cap. 387 Art. 52Costs in principle to be borne by unsuccessful party.

(1) Except as provided in subarticle (2), the costs of arbitration shall in principle be borne by the unsuccessful party.

However, the arbitral tribunal may apportion such costs between the parties if it determines that apportionment is reasonable, taking into account the particular circumstances of the case.

(2) With respect of the costs of legal representation and assistance referred to in paragraph (e) of article 50, the arbitral tribunal, taking into account the particular circumstances of the case, shall be free to determine which party shall bear such costs or may apportion such costs between the parties if it determines that apportionment is reasonable.

(4) No additional fees may be charged by an arbitral tribunal for interpretation or correction or completion of its award under articles 47 to 49.