Research / Disputes statistics / Parties' own costs as a share of arbitration costs, 221 ICC awards
Parties' own costs as a share of arbitration costs, 221 ICC awards
83%of total arbitration costs
GlobalHigh confidenceContractor loss
83% of total arbitration costs: Parties' own costs as a share of arbitration costs, 221 ICC awards (ICC Commission, 2015; Global; high confidence).
What it is. 83% of total arbitration costs, being each party's own lawyers, experts and witnesses.
Sample. 221 ICC awards from 2012, all sectors - not construction-specific.
What it is not. The share is of arbitration cost, not of contract value, which is why the unit is a ratio but the basis is explicitly the arbitration bill. Litigation to recovery is not linear: fighting is expensive in people's time.
Where it came from
- ICC Commission (2015), Decisions on Costs in International Arbitrationp.5, para 2 · source record