Arbitration Costs Calculators - IAA
international arbitration is the most commonly used mechanism to solve the disputes between the businesses from different nations. The international arbitration attorney network has become the leading legal network with many professional lawyers. Need an estimate of international arbitration, then use arbitration cost calculators.
How much an international arbitration will cost? Is the most frequently question asked by most of the parties to their arbitration lawyers? With the coming up of these arbitration cost calculators, the answer to the most complicated question can be answered accurately.
Moreover, with new arbitral institutions, like the ICC and cost calculators are proving to be quite helpful. These cost calculators calculate the administrative expenses and fees to be paid to ICC and moreover, also calculate the amount of advance to be paid by the clients to ICC.
International arbitration has created different calculators which can easily tell the approximate amount to be paid by the clients. Let’s have a look at the major calculators which are being used by many of the clients:
ICC Arbitration cost calculator:
The official ICC cost calculator calculates only administrative fees and provide an estimate of arbitrator fees, but this tool is capable of calculating the full cost of ICC arbitration, which includes administrative fees, arbitrator fees, legal fees, expert costs, management expense and all other major expenses to be paid by the client. Another main benefit of using this calculator is that it can tell the duration of a given case.
LCIA arbitration cost calculator:
The LCIA arbitration cost calculator is capable of calculating the major expenses to be incurred during LCIA arbitration. It will calculate the administrative fees, arbitrator fees, legal fees, expert costs and other major expenses. This tool will give an estimate of the expenses for an average LCIA arbitration.
This online cost calculator will provide an estimate to ICSID administrative and arbitrator fees. Moreover, this tool will also provide an estimate for the costs to pursue investment arbitration.
SIAC arbitration cost calculator:
This online cost calculator tool calculates the SIAC administrative and arbitrator fees and also calculates the typical cost to pursue a typical SIAC arbitration.
ICDR arbitration cost calculator:
This tool is unique from other cost calculators tool as it not only calculates the ICDR administrative and arbitrator fees, but also calcite the cost to pursue ICDR arbitration which is under the rules of the American Arbitration Association.
All these tools are capable of estimating all costs of international arbitration automatically. Many of the arbitration lawyers also use these tools to provide their clients the approximate cost to be incurred. All these tools are easily available on the internet and clients can easily use them in a simple and user friendly way.