SYNOPSIS

"Who Pays Your Arbitrator and Lawyer’s Costs and Fees in Arbitration and How Much?”
In an arbitration setting, costs in arbitration are a concern for parties as the amount is substantial. The disputants are eager to know who bears the costs which include arbitrator and legal costs.
The seminar will explore what are the types of costs and the basis for awarding costs. Would the winner get all his costs or are there exceptions to this general rule of “costs follow event”?  How would offer to settle affect costs award?
How can the parties cap costs?


Interest
Debts owed will attract financial interest and this should be of compensatory nature and not punitive.
How could the dispute resolver award interest, should it be simple or compound? Is pre-award interest recoverable and how is it determined?
Must contractual interest rate be honoured to as opposed to statutory rate?  Are there exceptions?
The seminar will examine the basis for awarding interest.


BIODATA OF SPEAKER - Ir. LEON WENG SENG
LLB (Hons.) (London), CLP (Hons.),
B.Sc.(Hons.), DipArb. (U.K.)
M.I.E.M., P.Eng., FCIArb., C.Arb.
Accredited Mediator
Adjudicator (KLRCA)
Chartered Arbitrator

Ir. Leon graduated with Bachelor degree in Civil Engineering in 1980 and went on to obtain an honours degree in law with the University of London and a postgraduate Diploma in Arbitration with the University of Reading.  He is a corporate member of The IEM and a registered professional engineer and is an advocate and solicitor of the High Court of Malaya (non-practising).

Ir. Leon is the principal of a civil and structural engineering consultancy firm.  He has vast experiences in the administration of construction contracts including giving advice on contractual, mediation, adjudication and arbitration matters.  His other areas of particular interest are forensic engineering and investigation of collapsed structures and slopes, and assessment of fire damaged structures.  He acts as expert witness in courts and arbitration.

Ir. Leon is also a CIDB accredited mediator, Fellow and a Chartered Arbitrator of The Chartered Institute of Arbitrators in London and an Adjudicator of KLRCA.  He is a committee member of the Dispute Avoidance and Resolution Practice of the IEM and the past Chairman (2008–2010) of the Chartered Institute Arbitrators (CIArb) Malaysia Branch. He is sitting as arbitrator in various on-going arbitrations.