Introduction

The 2015 survey of the School of International Arbitration of Queen Mary University ("the 2015 Survey") showed that the increasing cost of international arbitration has become one of the main concerns of the arbitration community. Cost of the arbitration was perceived to be by far the worst feature of international arbitration by 68% of the respondents, followed by "lack of effective sanctions during the arbitral process", "lack of insight into arbitrators' efficiency" and "lack of speed". This might explain why the reduction of cost has been increasingly addressed by the main ...