search this site - type your query and submit

Daily Email Newsletter (Sign-up Free)

Section 78, Arbitration & Conciliation Act 1996: Costs

Section 78 (Costs) is under Part III (Conciliation) of the Arbitration and Conciliation Act, 1996.

The contents of the section  is reproduced hereunder:—

(1) Upon termination of the conciliation proceedings, the conciliator shall fix the costs of the conciliation and give written notice thereof to the parties.

(2) For the purpose of sub-section (1), “costs” means reasonable costs relating to—
  (a) the fee and expenses of the conciliator and witnesses requested by the conciliator with the consent of the parties;
  (b) any expert advice requested by the conciliator with the consent of the parties;
  (c) any assistance provided pursuant to clause (b) of sub-section (2) of section 64 and section 68.
  (d) any other expenses incurred in connection with the conciliation proceedings and the settlement agreement.

(3) The costs shall be borne equally by the parties unless the settlement agreement provides for a different apportionment. All other expenses incurred by a party shall be borne by that party.




This page was last updated on 31st December, 2017.

No comments:

Post a Comment

In comment with "Name/Url" option, only Name is mandatory to be filled.