How are the costs of securities arbitration disputes divided?

In Washington, the costs of securities arbitration disputes are divided in several ways. Generally, each side pays their own legal fees, costs, and expenses associated with the dispute. The company responding to the arbitration claim, typically pays for the cost of the arbitration itself, although this cost can be shared between the parties if the arbitration agreement or other contract provides for it. In addition, the party that loses the dispute typically pays the costs of the opposing party. Costs can include filing fees and arbitrator fees, travel expenses for witnesses, document copying costs, and administrative support costs. Costs may also include the costs of expert witnesses and consultants, such as accountants, actuaries, and engineers. The costs incurred in the arbitration are generally determined by the arbitrator, who will consider the complexity of the dispute, the need for additional evidence, and other factors in determining the cost allocations. Finally, arbitrators may appear the award costs to a party if the other side has acted in bad faith or has otherwise acted unreasonably during the course of the arbitration. This is rare, however, as arbitrators generally attempt to keep the costs of a securities arbitration dispute to a minimum.

Related FAQs

How binding is a securities arbitration decision?
Is there a way to modify a securities arbitration award?
How are the costs of securities arbitration disputes divided?
What is the difference between an arbitration hearing and a regular court hearing?
Is it possible to challenge a securities arbitration award in a court of law?
What is the role of securities arbitration lawyers?
What is securities arbitration law?
Is there a right to a jury trial in a securities arbitration case?
What remedies are available to parties to a securities arbitration case?
Is there a way to disqualify an arbitrator in a securities arbitration case?

How are the costs of securities arbitration disputes divided?

Related FAQs

Related Blog Posts