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 of £1,700 applies to each party that is a non-member on issuance of each Gafta award. There is an issue fee of £1,250 for a first time hearing and £3,500 for an appeal. For 126 cases there is an issue fee of £700.
The amount of deposit to be called for is:
£12,000 when both parties are members
£13,500 when one party is a non-member
£15,000 when both parties are non-members
£17,000 for all appeals
For first tier sole arbitrator cases the amount of deposit to be called for is:
£8,000 when both parties are members
£9,700 when one party is a non-member
£11,400 when both parties are non-members
Average Cost of Awards
|
First Tier (125 Rules)
|
Appeal
|
126 Rules
|
IGPA
|
Association fees
|
£1391.92
|
£3,521.06
|
£1,016.57
|
£1,020.00
|
Arbitrator fees
|
£11,014.67
|
£19,726.13
|
£4,411.00
|
£2,000.00
|
Total fees (plus Non-Member charges)
|
£14,654.65
|
£23,816.78
|
£7013.29
|
£6,136.00
|