How are the costs of securities arbitration disputes divided?

In Florida, the costs of a securities arbitration dispute are divided up between the parties involved. Generally, each party is responsible for paying their own attorney’s fees and costs associated with the dispute. In some cases, however, the arbitration panel may decide to order one party to pay all or part of the other party’s costs, including attorney’s fees and other costs that may have been incurred. The arbitration panel will also assign costs to the parties based on the party’s degree of success. If a party is successful in the dispute, the panel may award that party all or part of its costs. If the parties are unsuccessful, the panel may order that all costs be shared equally by the parties. The arbitration panel can also require one or both of the parties to make advance payments for various costs such as witness fees, depository fees, and fees for expert advice. In addition, the panel can decide to impose sanctions against one or both parties for failure to comply with the rules of the proceedings. These can include the costs of arranging for a postponement, continuing the arbitration, and costs associated with any necessary travel. It is important to note that arbitrators will make decisions about the cost of a dispute on a case-by-case basis. The parties involved are usually responsible for negotiating the division of costs and providing information that the panel can use to make a fair and equitable decision.

Related FAQs

How are the costs of securities arbitration disputes divided?

Related FAQs

Related Blog Posts