Costs & Fees

Overview

The costs of arbitration include:

• Fees of the arbitrator(s)
• Any arbitration-related expenses of the arbitrator(s)
• Administrative expenses of the Institute
• Reasonable legal and other costs incurred by the parties

Advance on Costs

Before the file is transmitted to the arbitral tribunal, the parties are required to pay an advance on costs fixed by the Institute. The advance covers:

• The fees of the arbitrator(s)
• Any arbitration-related expenses of the arbitrator(s)
• The administrative expenses of the Institute

Each party shall pay its share of the total advance on costs in cash. However, if a party's share exceeds US$ 500,000, such party may post a bank guarantee for any amount above this threshold.

Fee Scales

The Institute fixes the fees of the arbitrator(s) and administrative expenses in accordance with scales set out in Appendix III of the Rules. The scales take into account:

• The amount in dispute
• The complexity of the case
• The diligence and efficiency of the arbitrator(s)
• The time spent and rapidity of the proceedings

Expedited Procedure Fees

When the expedited procedure applies, separate fee scales are used which are designed to reflect the streamlined nature of the proceedings.

Emergency Arbitrator Costs

The applicant must pay an amount of US$ 20,000, consisting of:

• US$ 5,000 for the administrative expenses
• US$ 15,000 for the emergency arbitrator's fees and expenses

The President may increase these amounts taking into account the nature of the case and the work performed.

Currency

All amounts fixed by the Institute are payable in US$ except where prohibited by law or decided otherwise by the Institute.

Reimbursement

Any amount paid by the parties as an advance on costs exceeding the costs of the arbitration fixed by the Institute shall be reimbursed to the parties having regard to the amounts paid.