Managing costs: before, during and after

It is no longer uncommon for a party’s costs to exceed US$1 million in a commercial dispute, US$4.5 million in an investor-state dispute and US$10 million in a high-stakes bet-the-company or bet-the-country dispute. Robert Volterra and Giorgio Mandelli, partners at Volterra Fietta in London, discuss how to manage the problem before, during and after an arbitration.