Domestic Commerical Arbitration Fee Schedule


 

BRITISH COLUMBIA INTERNATIONAL COMMERCIAL ARBITRATION CENTRE

Fee Schedule (as amended November 1, 1997)

FOR
DOMESTIC COMMERCIAL ARBITRATIONS

Commencement Fee (non-refundable):
For claims or counterclaims up to $50,000 $500 (plus GST)
For claims or counterclaims over $50,000
or where no specific amount is claimed
$1,500 (plus GST)

Please make all cheques payable to 'British Columbia International Commercial Arbitration Centre'.

If a commencement fee of $500 was paid and the arbitration tribunal awards an amount in excess of $50,000, the Centre will adjust the commencement fee to $1500.

Where a commencement fee of $500 is paid, the parties are encouraged to adopt the Centre"s Shorter Rules for Domestic Commercial Arbitration.

Administration Fee $150 per party (plus GST)

The administration fee is due six months after the arbitration commences and every 90 days thereafter until the case is withdrawn, settled, or the hearings are closed or the arbitration terminated.

Disbursements and fees of the arbitration tribunal are in addition to the above noted amounts.

Hourly rates are set by individual arbitrators.

Copyright © 2003-2005 BCICAC.