S.L. 387.1 Art. 44Parties jointly and severally liable for thepaymentoffees and costs.

(1) The arbitral tribunal is entitled to fees and reimbursement of expenses and any value added tax. The parties are jointly and severally liable to the arbitral tribunal for payment of the fees and costs of the arbitral proceedings, notwithstanding any claim for reimbursement by one party against the other.

(2) Nothing in this rule shall restrict the freedom of the arbitral tribunal and the parties to adopt other rules on fees provided that, except as provided in sub-rule (3), any agreement whereby only one of the parties shall bear all the costs or any agreement specifying the exact proportion on which the costs will be borne between the parties shall be null and void unless approved in writing by the Registrar in advance of the appointment of the arbitral tribunal.

(3) An agreement whereby the parties agree to bear the costs equally shall be valid.

(4) In case of contestation of fees and expenses issued by the arbitral tribunal, a party may apply to the Sub-Committee on charges for review of such fees or expenses. The decision shall be final and binding.

Part VI RULINGS AND GUIDELINES