Costs in Arbitration
An arbitrator chosen by the parties, makes a binding decision (known as an award) on the amount to be allowed in respect of the costs in issue in the dispute between them.
Paper Assessment
The joint referral of bills up to £100,000 to a costs expert for an assessment on the materials deployed without hearing oral submissions, the outcome of which will be binding if prior agreement is given.
Arbitration
Involves the referral of a costs issue or issues to an appointed arbitrator whose decision (known as an award) is binding, with submissions usually having first been made at a hearing.