COSTS Both Parties request an award of costs in respect of the legal fees and expenses and the costs of arbitration incurred in connection with this proceeding and have filed submissions quantifying their fees and costs.1329 The Claimant’s legal fees and expenses amount to US$ 30,493,635.1330 The Claimant has advanced US$ 1,000,000 on account of the fees and expenses of the Members of the Tribunal and the ICSID administrative fees and expenses. The Claimant seeks an award of the entirety of these costs and interest at a reasonable commercial rate from the date at which such costs were incurred until the date of payment by the Respondent.1331 The Respondent’s legal fees and expenses amount to US$ 14,322,826.1332 It has advanced US$ 974,750 on account of the fees and expenses of the Members of the Tribunal and the ICSID administrative fees and expenses. The Respondent seeks an award of the entirety of these costs (or a least of the costs incurred for the supplemental quantum procedure) and interest from the date at which such costs were incurred until the date of payment by the Claimant.1333 Both sides argue that a costs award is warranted because a prevailing party is entitled to such an award under the principle of costs follow the event, and because the other party has conducted the arbitration in a manner which has led to delay and increased costs. In particular, the Claimant contends that the Tribunal should take into account the following factors in allocating costs in favor of the Claimant: (i) Venezuela’s proposal for the disqualification of its originally appointed arbitrator;1334 (ii) Venezuela’s
