• Deposits of Costs

    • DRA-3.1.33

      (a) At any time during the arbitration proceedings, the Arbitration Committee may require any party to deposit with the Arbitration Cell such sum or sums to defray the expenses of the arbitration if the Arbitration Committee considers it expedient to do so in the circumstances;
      (b) In determining the amount of any deposit, the Arbitration Committee shall take into account the amount in dispute, the complexity of the subject matter, the costs incurred or to be incurred by the Arbitration Committee, and other relevant circumstances of the case;
      (c) If payment of the required deposit is not made by the relevant party within 14 days after the receipt of the requirement, the Arbitration Committee may make an order for the termination of the arbitration proceedings; and
      (d) After the termination of proceedings, with the approval of the Arbitration Committee, the Arbitration Cell:
      (i) Shall render an account to the parties of the total deposits received under these rules; and
      (ii) After all the costs required to be borne by a party have been paid, shall return any unexpended balance of the party's portion of the deposits to that party.
      July 2010