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Research Assistant of Prof. John Vong || PERADI Licensed Lawyer. ||. Master of Public Policy - Monash University || Bachelor of Law - Diponegoro University || Associate of Chartered Institute of Arbitrators. ||. Vice Chairman of PERADI Young Lawyers Committee. ||. Officer of International Affairs Division of PERADI National Board Commission. ||. Co-founder of Toma Maritime Center.

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The Influence of Arbitration Cost on The Commencement of International Commercial Arbitration Disputes Examination

21 Desember 2020   07:30 Diperbarui: 22 Desember 2020   14:49 54
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Arbitration Fee is usually and appropriately charged to the parties, namely the Petitioner and the Respondent. Each party bears an equal share, namely 50 - 50 of the total arbitration costs. The Arbitration Forum selected by the parties will send a letter to the Claimant and Respondent regarding the amount of arbitration fee to be paid.

If the Arbitration Fee has not been paid off, the investigation of the dispute will not begin. Respondents who are observant of this opportunity usually take advantage of it by not paying the arbitration fees that the arbitration institution bills him. With the unpaid arbitration fee by Respondent, the case examination at the arbitration forum will not be commenced. The longer this dispute being delayed for examination, it will give special pressure to the Claimant. However, the Claimant has an option to pay the entire arbitration fee in advance if the Respondent does not pay the arbitration fee according to its portion. Therefore what often happens is that in the end the Claimant must first cover the arbitration fee in order to commence the examination of the arbitration dispute. Because the longer the time is delayed for examination, the parties will also get justice delayed.

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