Examining the Cost Allocation Basis for Unsuccessfully Challenging Awards in India
Tanmay Gupta, Associate Editor, Arbitration Corporate Law Review Amishi Aggarwal [i], Co-Author Introduction In CDM v. CDP as well as BTN v. BTP, Singapore courts recently affirmed that costs in cases of unsuccessful applications to set aside awards would be allocated on a party-and-party basis absent exceptional circumstances. In both cases, the default position in this regard in Hong Kong, which entails the imposition of a rebuttable presumption in favor of indemnity costs,