Arbitration costs ‘much more’ than litigation

Judges more incentivised than arbitrators to keep costs down, says Lord Neuberger

14 Nov 2013

The cost benefits of arbitration compared to litigation may be overstated, Lord Neuberger (pictured) has said.

Speaking to property arbitrators at the ARBRIX annual conference in London on Tuesday (12 November 2013), he suggested that arbitration costs may in fact be greater than those incurred in litigation.

"Cost was said to be [a] reason for preferring arbitration, but I doubt that: advocates, solicitors and experts cost the same, I would have thought, in court or in arbitration...

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