Legal guide

Commercial Arbitration: Costs & Risks

Start with the arbitration agreement, scope of the dispute and selected rules. Article 8 requires writing and imposes an additional form requirement where an individual or administrative body is a party. Clause drafting, an existing proceeding and enforcement require different assessments.

Answer first

Commercial Arbitration

Commercial arbitration in Georgia: clause review, claims or defences, evidence and planning for enforcement of an award.

Before acting, verify the legal basis, deadline and consistency of the documents. This guide is a preparation framework, not an individual legal opinion.

What drives cost

  • Possible government, notarial, translation and expert costs
  • Document volume and legal complexity
  • Need for urgent action, appeal or litigation
  • Apostille/legalisation and representation for foreign documents

Legal fees depend on scope and stages. Government and third-party charges can change and should be checked against the official source before payment.

What drives timing

  • Review period set by law or agency procedure
  • Document readiness and requests for more information
  • Counterparty, authority or court workload
  • Interim decision, appeal or enforcement

A useful timeline separates controllable and external stages and reserves time for appeal or additional-document requests.

Key risks and common mistakes

  • Mismatch between the clause and rules used
  • Wrong notice address or missing receipt evidence
  • Unsupported calculation of the claim
  • Obtaining an award without an asset and enforcement plan

Checking recent changes

Editorial content updated: 12 October 2026. Recheck current law, documents and official fees before acting. This is not the date of an individual legal assessment.

Official sources