111. An Arbitral Tribunal may award interest.
112. The costs of an arbitration are in the discretion of the Arbitral Tribunal which, in making
an order for costs, may:
a) include as costs:
i.
the fees and expenses of the arbitrators and expert witnesses,
ii.
legal fees and expenses of the Parties,
iii.
any administration fees of a Neutral Appointing Authority, or
iv.
any other expenses incurred in connection with the arbitral proceedings;
and
b) specify:
i.
the Party entitled to costs,
ii.
the Party who will pay the costs,
iii.
subject to Section 113, the amount of costs or method of determining that
amount, and
iv.
the manner in which the costs will be paid.
113. For purposes of Section 112, an Arbitral Tribunal may award up to 50% of the reasonable
and necessary legal fees and expenses that were actually incurred by a Party, and if the
legal services were provided by an employee or employees of that Party, the Arbitral
Tribunal may fix an amount or determine an hourly rate to be used in the calculation of
the cost of those employee legal fees.
Termination of Proceedings
114. An Arbitral Tribunal must close any hearings if:
a) the Parties advise they have no further evidence to give or submissions to make;
or
b) the tribunal considers further hearings to be unnecessary or inappropriate.
115. A final Arbitral Award, or an order of the Arbitral Tribunal under Section 116, terminates
arbitral proceedings.
116. An Arbitral Tribunal must issue an order for the termination of the arbitral proceedings if:
a) the Applicant withdraws its claim, unless the respondent objects to the order and
the Arbitral Tribunal recognizes a legitimate interest in obtaining a final
settlement of the Disagreement;
b) the Parties agree on the termination of the proceedings; or
c) the Arbitral Tribunal finds that the continuation of the proceedings has for any
other reason become unnecessary or impossible.
117. Subject to Sections 118 to 123 and 127, the mandate of an Arbitral Tribunal terminates
with the termination of the arbitral proceedings.
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