Yes. Like in most of Europe, whoever looses the case should have to pay BOTH sides legal fees.

That is just as easy to use for extortion. Suppose we have a dispute over who owes who $1000. You hire a $10000 lawyer. I hire a $100000 lawyer. Now although we both get the same ($1000) if we win, you stand to lose more than I do. So if we both have even chances of winning I can use that to pressure you to drop your case.

Hopefully, "Courts will often reduce attorney’s fee awards they find to be unreasonable and excessive".