Under the FICM Rules of International Arbitration (the “FICM Rules”), the arbitration costs include:
- the Registration Fee,
- the arbitrators’ fees and expenses,
- the Administrative Costs that may be charged by FICM Arbitration Hub,
- the costs for expert advice that may be required by the arbitral tribunal, and
- the parties’ costs for legal representation and expenses incurred during the arbitration.
The FICM case management team monitors the payment of the Registration Fee (1) and of the advance of costs which is requested by the arbitral tribunal to cover the arbitrators’ fees and expenses (2) and the Administrative Costs charged by FICM .
The Registration Fee is to be paid at the outset of the arbitration, depending on the amount of the claim.
The scale of the arbitrators’ fees and Administrative Costs is available HERE. The Scale of the arbitrators’ fees does not include the arbitrators’ expenses and the cost for expert advice that may be required by the arbitral tribunal.
Where the amount in dispute is below 2 million USD, FICM does not charge any Administrative Costs. In the event of a discontinuation of the arbitral proceedings FICM may, in its discretion, decide not to charge all or part of the Administrative Costs.
To estimate (1) the Registration Fee, (2) the arbitrators’ fees and (3) the Administrative Costs that may be charged for your arbitration, please insert the amount in dispute, the desired currency and the number of arbitrators in your calculation.
Please note that the costs shown here are estimates only and that the expenses incurred by the arbitrators are not included. The final amount of the arbitrators’ fees and expenses will be determined by the arbitral tribunal, subject to the binding approval or adjustment of the FICM Arbitration Hub, pursuant to FICM Rules.