ARBITRATION SCHEDULE OF FEES AND COSTS

We solve business and legal disputes by providing coherent, cost-effective and unbiased ways of overcoming barriers at any stage of conflict. ICADRP offers customized dispute resolution services locally and globally through a blend of industry-specific experience, top-notch client service, top-level facilities and highly trained panelists.

DOMESTIC ARBITRATION

PROFESSIONAL FEES

The hourly rate will be set by each individual arbitrator(s). For further information, please contact a case manager.

ADMINISTRATIVE FEES

For matters pertaining to two parties, the Filing Fee is Rs.___. Whereas, for matters involving three or more parties, the filing fee is Rs.__ the entire Filing Fee must be paid in full to speed up the opening of the proceedings. A Case Management Fee of 12% will be evaluated against all Professional Fees, including time spent for hearings, pre- and post-hearing reading and research and award preparation. We also charge a Rs. ___ filing fee for counterclaims. In consumer matters, the consumer is only required to pay USD. For issues based on a clause or agreement required as a condition of employment, the employee is only required to pay Rs.

A matter withdrawn within 5 days, the Rs. __ will be refunded. However, after 5 days there will be no refunds. Companies may retain the services of the Centre on a retainer ship fee of _______ International Arbitration

international ARBITRATION

PROFESSIONAL FEES

The hourly rate will be set by each individual arbitrator(s). For further information, please contact a case manager.

ADMINISTRATIVE FEES

For matters pertaining two-parties, the Filing Fee is Rs.___. Whereas, for matters involving three or more parties, the filing fee is Rs.__ The entire Filing Fee must be paid in full to speed up the opening of the proceedings. A Case Management Fee of 12% will be evaluated against all Professional Fees, including time spent for hearings, pre- and post-hearing reading and research and award preparation. We also charge a Rs. ___ filing fee for counterclaims.

CANCELLATION/ CONTINUANCE POLICY

  • Fees are 100% REFUNDABLE except for any arbitrator’s time, for all hearings of 1 day or less cancelled/ continued 30 days or more before the hearing
  • For hearings of 2 days or more cancelled/continued 60 days or more before the hearing date: Fees are 100% REFUNDABLE except for any arbitrator time incurred
  • If hearings are cancelled or continued inside the cancellation/continuance period the: Fees is NON-REFUNDABLE

Fees are to be paid within 72 hours of invoicing.

  • The cancellation/continuance policy is set by the individual arbitrator(s) and therefore may differ.
  • The fees will be estimated and billed in advance and must be paid on receipt of invoice.
  • We will invoice for the fees of all arbitrators, whether or not such arbitrator is affiliated with ICADRP.
  • Receipt of payment for all fees is required before delivery of an arbitration award.
  • Unless the arbitrator’s time can be rescheduled with another matter, the professional fee will be non-refundable if it is time scheduled. We have this cancellation policy in place because the time reserved cannot be generally replaced. In all cases involving non-refundable time, the party causing the continuance or cancellation is responsible for the fees of all parties.
  • if the hearing fee is not paid by all the parties we reserve the right to cancel the hearing and we do so by the cancellation date through writing.
  • Parties that, through agreement, have held their case in abeyance for one year will be assessed an annual abeyance fee of Rs. ___, and Rs. __ every six months thereafter. If a party rejects to pay the assessed fee, the other party or parties may pay the whole fee on behalf of all the parties, if not, the matter will be closed.
Close Menu