The assumed lower costs of arbitration are often touted as one of its top advantages over traditional litigation. Still, with the growing popularity of this dispute resolution alternative, especially among sophisticated parties in complex international matters, many can attest that this is more myth than reality, and arbitration may not be so inexpensive after all.
While some costs may seem invariable or difficult to reduce, parties can implement some of the following cost-saving strategies.
Arbitrator fees
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