This ICDR arbitration cost calculator calculates ICDR administrative and arbitrator fees, while also estimating all other standard costs of resolving a dispute via ICDR arbitration, including the costs of witnesses, experts and lawyers. As with all institutional arbitrations, by far the largest single cost element is for legal fees.
The following assumptions are used in the cost calculator below:
- ICDR administrative costs based on fee schedule as of August 2013 (Amended and Effective June 1, 2010)
- Average length of ICDR proceedings is calculated on the basis of Mark Appel’s “Taking Your Case to the International Centre for Dispute Resolution”
- The standard fee schedule is used in this model
- Each party is assumed to share ICDR administrative expenses and Tribunal costs equally
- In low-complexity cases, it is assumed that no experts are required by the parties or the arbitral tribunal
- Anticipated expert, witness, management and external costs are based on CIArb Costs of International Arbitration Survey (2011)
- Attorneys’ fees, which form the largest expense in any arbitration (on average nearly 82%, see ICC Publication 843) are estimated using blended hourly rates based on international surveys