News
2003

New cost scales for ICC arbitration

The Scales of Administrative Expenses and Arbitrator’s Fees set forth in Appendix III to the ICC Rules of Arbitration, which have been in force since the introduction of the Rules in January 1998, have been revised.

The limited changes that have been made only concern the rates applicable to amounts in dispute in excess of one million US dollars. As regards administrative expenses, the percentages applicable to such amounts have been slightly increased and a new ceiling has been set at 88,800 US dollars for amounts in dispute over 80 million US dollars. As far as the arbitrator’s fees are concerned, no changes have been made to the minimum rates, while slight increases have been made to the percentages used to determine the maximum fee, likewise only in cases involving amounts over one million US dollar s.

The method of determining costs in ICC arbitrations remains unchanged. The Court continues to fix arbitrators’ fees and administrative expenses on the basis of the amount in dispute, using the new scales. When deciding on the appropriate fee for an arbitrator within the limits specified in the scales, the Court takes into consideration the diligence of the arbitrator, the time spent, the rapidity of the proceedings and the complexity of the dispute.

The new scales, effective as of 1 July 2003, apply to all cases in which the Request for Arbitration is received by the Secretariat on or after that date. Requests for Arbitration received prior to 1 July 2003 are unaffected by the change.

A s from 1 July 2003, the cost calculator available on the home page of this web site will provide estimates of ICC arbitration costs based on the new scales.