It is not possible to provide an estimate of costs, as this will depend on a number of variables. These include the complexity of the case, and whether a sole arbitrator is appointed or a Tribunal of three, whether the hearing is paper-based or before a Tribunal and whether the parties instruct their own lawyers for pre-hearing work. A non-member fee applies to each party who is a non-member. There is an issue fee of £700 for a first time hearing and £2750 for an appeal.
The amount of deposit to be called for is as follows:
£10,000.00 when both parties are members
£11,500.00 when one party is a non-member
£13,000.00 when both parties are non-members
£15,000.00 for all appeals
£8,000.00 for first tier sole arbitrator cases